Sandstorm Gold Ltd. (NYSE:SAND – Get Free Report) announced a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Investors of record on Tuesday, January 16th will be paid a dividend of 0.0149 per share on Friday, January 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, January 12th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01.

Sandstorm Gold has a dividend payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Sandstorm Gold to earn $0.07 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 85.7%.

Sandstorm Gold Stock Performance

Shares of SAND stock traded down $0.11 during trading on Wednesday, reaching $4.96. 2,333,259 shares of the company’s stock traded hands, compared to its average volume of 2,156,567. The company has a market capitalization of $1.47 billion, a P/E ratio of 100.80 and a beta of 1.03. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $4.76 and its 200 day moving average is $5.03. Sandstorm Gold has a 1 year low of $4.27 and a 1 year high of $6.31.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in Sandstorm Gold during the 1st quarter valued at about $25,000. Quilter Plc purchased a new position in Sandstorm Gold in the first quarter worth about $2,865,324,000. PNC Financial Services Group Inc. raised its holdings in Sandstorm Gold by 49.2% in the second quarter. PNC Financial Services Group Inc. now owns 9,100 shares of the company’s stock worth $47,000 after buying an additional 3,000 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in Sandstorm Gold in the fourth quarter worth about $53,000. Finally, First Trust Advisors LP purchased a new position in Sandstorm Gold in the third quarter worth about $54,000. 53.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SAND has been the topic of several research reports. StockNews.com upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. HC Wainwright lowered their price objective on shares of Sandstorm Gold from $13.00 to $10.75 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. National Bank Financial lowered their price objective on shares of Sandstorm Gold from C$9.50 to C$9.00 in a research report on Monday, September 25th. Finally, Raymond James lowered their price objective on shares of Sandstorm Gold from $8.00 to $7.75 and set an “outperform” rating on the stock in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.61.

View Our Latest Report on SAND

Sandstorm Gold Company Profile (Get Free Report)

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine’s production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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Original: MarketBeat News Feed: Sandstorm Gold Ltd. (NYSE:SAND) Raises Dividend to $0.01 Per Share