Sandstorm Gold Ltd. Declares Quarterly Dividend of $0.01 (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND) announced a quarterly dividend on Friday, March 29th, Wall Street Journal reports. Stockholders of record on Tuesday, April 16th will be given a dividend of 0.0147 per share on Friday, April 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, April 15th.

Sandstorm Gold Trading Down 1.7 %

NYSE:SAND opened at $5.36 on Friday. The firm’s fifty day moving average is $4.73 and its 200-day moving average is $4.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.31. The firm has a market cap of $1.60 billion, a P/E ratio of 38.29 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The business had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. Equities analysts expect that Sandstorm Gold will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SAND. JPMorgan Chase & Co. raised its holdings in Sandstorm Gold by 0.9% during the first quarter. JPMorgan Chase & Co. now owns 624,378 shares of the company’s stock worth $5,045,000 after buying an additional 5,545 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Sandstorm Gold during the first quarter worth $109,000. HighTower Advisors LLC raised its holdings in Sandstorm Gold by 86.9% during the first quarter. HighTower Advisors LLC now owns 76,112 shares of the company’s stock worth $610,000 after buying an additional 35,396 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Sandstorm Gold during the first quarter worth $25,000. Finally, Dimensional Fund Advisors LP raised its holdings in Sandstorm Gold by 8.3% during the first quarter. Dimensional Fund Advisors LP now owns 479,714 shares of the company’s stock worth $3,876,000 after buying an additional 36,875 shares during the last quarter. 51.97% of the stock is owned by institutional investors.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.