Sandstorm Gold (TSE:SSL) Downgraded to Tender Rating by CIBC

CIBC lowered shares of Sandstorm Gold (TSE:SSL) from a neutral rating to a tender rating in a research report sent to investors on Monday,BayStreet.CA reports. CIBC currently has C$16.50 target price on the stock, up from their prior target price of C$13.50.

SSL has been the subject of several other research reports. Stifel Canada cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 21st. TD Securities downgraded Sandstorm Gold from a “strong-buy” rating to a “strong sell” rating and set a C$14.00 price objective for the company. in a research report on Thursday, July 10th. Finally, Canaccord Genuity Group raised their target price on Sandstorm Gold from C$15.75 to C$17.00 in a research report on Tuesday, June 10th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$13.75.

Sandstorm Gold Stock Performance

Shares of SSL opened at C$16.72 on Monday. The firm has a fifty day moving average of C$14.35 and a 200-day moving average of C$12.42. The company has a market cap of C$4.90 billion, a price-to-earnings ratio of 139.33, a price-to-earnings-growth ratio of 0.90 and a beta of 0.66. 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$7.47 and a 1 year high of C$16.78.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 26th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.5%. Sandstorm Gold’s dividend payout ratio is presently 47.57%.

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.