Sandstorm Gold (TSE:SSL) Price Target Raised to C$13.00 at Stifel Nicolaus

Sandstorm Gold (TSE:SSL) had its target price boosted by Stifel Nicolaus from C$11.00 to C$13.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on SSL. Canaccord Genuity Group boosted their price objective on Sandstorm Gold from C$12.25 to C$12.75 and gave the company a “buy” rating in a research note on Wednesday, April 9th. CIBC increased their price target on shares of Sandstorm Gold from C$9.50 to C$11.25 in a research note on Thursday, April 17th. Finally, Raymond James lowered their price objective on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating on the stock in a research report on Thursday, February 20th.

Sandstorm Gold Stock Performance

Shares of SSL stock opened at C$11.70 on Monday. The stock’s 50-day moving average is C$9.86 and its two-hundred day moving average is C$8.78. The company has a debt-to-equity ratio of 26.44, a quick ratio of 1.17 and a current ratio of 2.29. Sandstorm Gold has a 1 year low of C$6.93 and a 1 year high of C$12.16. The firm has a market cap of C$2.45 billion, a price-to-earnings ratio of 77.85, a PEG ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 25th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.08 annualized dividend and a yield of 0.68%. Sandstorm Gold’s dividend payout ratio is currently 53.23%.

About Sandstorm Gold

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.