Sandstorm Gold (TSE:SSL – Free Report) had its price objective increased by Canaccord Genuity Group from C$10.00 to C$10.50 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.
SSL has been the subject of several other research reports. TD Securities lowered their price target on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating for the company in a research report on Wednesday, February 14th. CIBC upped their price target on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research report on Monday, April 15th.
View Our Latest Research Report on Sandstorm Gold
Sandstorm Gold Price Performance
Sandstorm Gold (TSE:SSL – Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported C$0.11 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$60.59 million for the quarter, compared to the consensus estimate of C$62.51 million. As a group, equities analysts anticipate that Sandstorm Gold will post 0.0946201 EPS for the current year.
Sandstorm Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 26th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.09%. Sandstorm Gold’s payout ratio is 42.11%.
Insider Activity at Sandstorm Gold
In other news, Director Nolan Allan Watson bought 27,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average price of C$7.33 per share, with a total value of C$199,376.00. 1.22% of the stock is currently owned by corporate insiders.
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.
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