Sandstorm Gold Ltd. Declares Quarterly Dividend of $0.02 (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL – Get Rating) announced a quarterly dividend on Monday, April 18th, TickerTech reports. Stockholders of record on Friday, April 29th will be paid a dividend of 0.02 per share on Friday, April 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Monday, April 18th.

Shares of SSL stock opened at C$11.26 on Friday. The stock has a 50-day moving average of C$9.80 and a 200-day moving average of C$8.48. Sandstorm Gold has a 1-year low of C$6.86 and a 1-year high of C$11.61. The stock has a market cap of C$2.16 billion and a price-to-earnings ratio of 63.98. The company has a current ratio of 4.57, a quick ratio of 3.85 and a debt-to-equity ratio of 0.44.

Sandstorm Gold (TSE:SSL – Get Rating) last issued its earnings results on Thursday, February 17th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). The company had revenue of C$37.60 million during the quarter. Sell-side analysts forecast that Sandstorm Gold will post 0.2198007 earnings per share for the current year.

A number of brokerages recently issued reports on SSL. BMO Capital Markets reiterated a “market perform” rating and issued a C$9.00 target price on shares of Sandstorm Gold in a report on Monday, December 20th. Canaccord Genuity Group upgraded Sandstorm Gold to a “buy” rating and set a C$10.50 target price on the stock in a report on Monday, February 21st. TD Securities increased their target price on Sandstorm Gold from C$11.00 to C$11.50 in a report on Tuesday, February 22nd. Raymond James raised Sandstorm Gold to a “buy” rating and set a C$9.50 price target for the company in a research report on Friday, February 18th. Finally, Cormark lowered their price target on Sandstorm Gold from C$13.00 to C$12.50 and set a “buy” rating for the company in a research report on Monday, December 20th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$10.90.

In other news, Director David Awram sold 99,500 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of C$8.72, for a total transaction of C$867,968.35. Following the completion of the sale, the director now directly owns 558,240 shares of the company’s stock, valued at approximately C$4,869,694.99. Over the last ninety days, insiders have sold 188,500 shares of company stock valued at $1,671,249.

Sandstorm Gold Company Profile (Get Rating)

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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