Sandstorm Gold Ltd. (TSE:SSL – Get Rating) – Analysts at Cormark increased their FY2022 earnings estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Tuesday, May 3rd. Cormark analyst N. Dion now anticipates that the company will earn $0.27 per share for the year, up from their previous forecast of $0.18. Cormark currently has a “Buy” rating and a $12.50 target price on the stock.
SSL has been the subject of several other research reports. HC Wainwright reaffirmed a “buy” rating and issued a C$14.75 price objective on shares of Sandstorm Gold in a research report on Tuesday. Canaccord Genuity Group increased their price objective on shares of Sandstorm Gold from C$11.50 to C$12.50 in a research report on Friday, April 22nd. Royal Bank of Canada upgraded Sandstorm Gold from an “underperform” rating to a “hold” rating and increased their target price for the company from C$6.50 to C$7.00 in a research note on Friday, February 18th. National Bankshares increased their target price on Sandstorm Gold from C$10.00 to C$12.50 in a research note on Wednesday, April 20th. Finally, Raymond James upgraded Sandstorm Gold to a “buy” rating and set a C$9.50 target price for the company in a research note on Friday, February 18th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$11.27.
Sandstorm Gold (TSE:SSL – Get Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.06 by C($0.01). The business had revenue of C$37.60 million for the quarter.
In related news, Director David Awram sold 65,700 shares of the firm’s stock in a transaction on Thursday, February 24th. The stock was sold at an average price of C$9.00, for a total transaction of C$591,483.96. Following the transaction, the director now directly owns 332,040 shares in the company, valued at C$2,989,289.71. Insiders have sold 188,500 shares of company stock worth $1,671,249 over the last 90 days.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Friday, April 29th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, April 18th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 44.20%.
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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