Sandstorm Gold (TSE:SSL) Given New C$9.00 Price Target at CIBC

Sandstorm Gold (TSE:SSL) had its price target hoisted by CIBC from C$8.00 to C$9.00 in a report released on Monday, BayStreet.CA reports.

Separately, TD Securities decreased their target price on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating on the stock in a report on Wednesday, February 14th.

Sandstorm Gold Stock Performance

Shares of SSL stock opened at C$7.46 on Monday. The stock has a market capitalization of C$2.22 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 0.90 and a beta of 1.03. The company’s fifty day simple moving average is C$6.52 and its two-hundred day simple moving average is C$6.47. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.38. The company has a debt-to-equity ratio of 29.92, a current ratio of 3.32 and a quick ratio of 1.17.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The business had revenue of C$60.59 million for the quarter, compared to analysts’ expectations of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. As a group, analysts anticipate that Sandstorm Gold will post 0.0946201 earnings per share for the current year.

Sandstorm Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Monday, April 15th. Sandstorm Gold’s payout ratio is 42.11%.

Insider Buying and Selling

In related news, Director Nolan Allan Watson acquired 27,200 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of C$7.33 per share, with a total value of C$199,376.00. 1.22% of the stock is owned by company insiders.

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.