Sandstorm Gold (TSE:SSL) Price Target Raised to C$17.00

Sandstorm Gold (TSE:SSL) had its price objective upped by Canaccord Genuity Group from C$15.75 to C$17.00 in a report released on Tuesday,BayStreet.CA reports.

Several other equities research analysts have also issued reports on SSL. Stifel Nicolaus lifted their price objective on Sandstorm Gold from C$11.00 to C$13.00 in a research note on Monday, April 21st. CIBC lifted their price objective on shares of Sandstorm Gold from C$9.50 to C$11.25 in a report on Thursday, April 17th. Finally, Raymond James dropped their price target on Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a research note on Thursday, February 20th.

Sandstorm Gold Trading Up 1.7%

TSE:SSL opened at C$12.57 on Tuesday. The stock’s fifty day moving average price is C$11.75 and its two-hundred day moving average price is C$9.78. The company has a market cap of C$2.63 billion, a P/E ratio of 83.64, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17. Sandstorm Gold has a 1 year low of C$6.93 and a 1 year high of C$13.19.

Sandstorm Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were issued a $0.02 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.08 annualized dividend and a yield of 0.64%. Sandstorm Gold’s payout ratio is 53.23%.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.