Canaccord Genuity Group Issues Positive Forecast for Sandstorm Gold (TSE:SSL) Stock Price

Sandstorm Gold (TSE:SSL) had its price objective upped by Canaccord Genuity Group from C$15.75 to C$17.00 in a research report released on Tuesday,BayStreet.CA reports.

A number of other equities analysts have also issued reports on SSL. Raymond James dropped their target price 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. CIBC boosted their target price on shares of Sandstorm Gold from C$9.50 to C$11.25 in a research report on Thursday, April 17th. Finally, Stifel Nicolaus boosted their target price on shares of Sandstorm Gold from C$11.00 to C$13.00 in a research report on Monday, April 21st.

Sandstorm Gold Trading Down 1.3%

Sandstorm Gold stock opened at C$12.31 on Tuesday. The company has a debt-to-equity ratio of 26.44, a quick ratio of 1.17 and a current ratio of 2.29. The business’s 50-day simple moving average is C$11.64 and its 200-day simple moving average is C$9.74. The firm has a market capitalization of C$2.58 billion, a PE ratio of 81.91, a PEG ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a 52 week low of C$6.93 and a 52 week high of C$13.19.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 25th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.65%. The ex-dividend date was Monday, April 14th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 53.23%.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.