Sandstorm Gold (TSE:SSL) PT Raised to C$10.50

Sandstorm Gold (TSE:SSL) had its price objective lifted by Canaccord Genuity Group from C$10.00 to C$10.50 in a research report released on Tuesday, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. CIBC increased their price objective on Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. TD Securities dropped their price target on Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating on the stock in a research note on Wednesday, February 14th.

Sandstorm Gold Trading Up 2.9 %

TSE:SSL opened at C$7.71 on Tuesday. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.38. The company has a quick ratio of 1.17, a current ratio of 3.32 and a debt-to-equity ratio of 29.92. The business has a 50 day moving average price of C$6.69 and a two-hundred day moving average price of C$6.51. The company has a market cap of C$2.30 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The firm had revenue of C$60.59 million during the quarter, compared to the consensus estimate 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 expect that Sandstorm Gold will post 0.0946201 EPS for the current fiscal year.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 42.11%.

Insider Activity

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

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.