Sandstorm Gold (TSE:SSL) Price Target Raised to C$9.50 at CIBC

Sandstorm Gold (TSE:SSLFree Report) had its price target lifted by CIBC from C$9.00 to C$9.50 in a report issued on Wednesday, BayStreet.CA reports.

Several other equities analysts also recently commented on the company. Canaccord Genuity Group upped their price objective on Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday, April 23rd. National Bankshares upped their price target on Sandstorm Gold from C$8.50 to C$8.75 in a research report on Monday, May 6th.

Read Our Latest Research Report on SSL

Sandstorm Gold Stock Up 1.4 %

Shares of TSE:SSL opened at C$7.74 on Wednesday. The company has a market capitalization of C$2.31 billion, a PE ratio of 70.36, a price-to-earnings-growth ratio of 0.90 and a beta of 1.08. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.29. The company has a debt-to-equity ratio of 30.37, a current ratio of 2.26 and a quick ratio of 1.17. The business has a fifty day moving average price of C$7.65 and a two-hundred day moving average price of C$6.95.

Sandstorm Gold (TSE:SSLGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.03). The company had revenue of C$57.72 million for the quarter, compared to analysts’ expectations of C$58.92 million. Sandstorm Gold had a return on equity of 1.60% and a net margin of 12.24%. Analysts forecast that Sandstorm Gold will post 0.1024252 earnings per share for the current year.

Sandstorm Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 26th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, July 16th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling at Sandstorm Gold

In related news, Director Nolan Allan Watson purchased 27,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average cost of C$7.33 per share, with a total value of C$199,376.00. In related news, Director Nolan Allan Watson purchased 27,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average cost of C$7.33 per share, for a total transaction of C$199,376.00. Also, Director David E. De Witt sold 28,900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of C$8.04, for a total transaction of C$232,211.50. Insiders own 1.22% of the company’s stock.

Sandstorm Gold Company Profile

(Get Free Report)

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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