Insider Buying: Sandstorm Gold Ltd. (TSE:SSL) Director Purchases 27,200 Shares of Stock

Sandstorm Gold Ltd. (TSE:SSL) Director Nolan Allan Watson purchased 27,200 shares of the stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of C$7.33 per share, for a total transaction of C$199,376.00.

Nolan Allan Watson also recently made the following trade(s):

• On Tuesday, March 12th, Nolan Allan Watson purchased 7,800 shares of Sandstorm Gold stock. The stock was acquired at an average cost of C$6.39 per share, for a total transaction of C$49,826.40.

Sandstorm Gold Price Performance

SSL stock opened at C$7.25 on Wednesday. The company has a market cap of C$2.16 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. The company has a quick ratio of 1.17, a current ratio of 3.32 and a debt-to-equity ratio of 29.92. Sandstorm Gold Ltd. has a twelve month low of C$5.36 and a twelve month high of C$8.38. The business’s 50-day simple moving average is C$6.46 and its 200 day simple moving average is C$6.46.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.08. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%. The firm had revenue of C$60.59 million during the quarter, compared to analysts’ expectations of C$62.51 million. On average, research analysts anticipate that Sandstorm Gold Ltd. will post 0.0946201 earnings per share for the current year.

Sandstorm Gold Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SSL shares. CIBC lifted their target price on Sandstorm Gold from C$8.00 to C$9.00 in a research report on Monday. TD Securities decreased their target price on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th.

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.