Sandstorm Gold (TSE:SSL) Price Target Raised to C$9.00 at CIBC

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

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

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at C$7.25 on Monday. The business has a 50 day simple moving average of C$6.43 and a two-hundred day simple moving average of C$6.45. Sandstorm Gold has a 12 month low of C$5.36 and a 12 month high of C$8.38. The stock has a market capitalization of C$2.16 billion, a P/E ratio of 38.16, a PEG ratio of 0.90 and a beta of 1.03. 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 announced its earnings results on Thursday, February 15th. The company reported C$0.11 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.08. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. The business had revenue of C$60.59 million during the quarter, compared to analysts’ expectations of C$62.51 million. As a group, analysts predict that Sandstorm Gold will post 0.0946201 EPS for the current fiscal year.

Sandstorm Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 26th will be given a $0.02 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.10%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 42.11%.

Insider Activity

In related news, Director Nolan Allan Watson purchased 7,800 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average cost of C$6.39 per share, for a total transaction of C$49,826.40. Company 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.