TD Securities Raises Sandstorm Gold (TSE:SSL) Price Target to C$10.00

Sandstorm Gold (TSE:SSL) had its price objective increased by TD Securities from C$9.50 to C$10.00 in a research report report published on Monday morning, BayStreet.CA reports.

A number of other research analysts have also issued reports on SSL. Canaccord Genuity Group boosted their target price on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday, April 23rd. CIBC raised their target price on Sandstorm Gold from C$9.00 to C$9.50 in a research note on Wednesday, July 10th. Finally, National Bankshares upped their price target on Sandstorm Gold from C$8.50 to C$8.75 in a report on Monday, May 6th.

Sandstorm Gold Price Performance

SSL stock opened at C$7.90 on Monday. Sandstorm Gold has a 52-week low of C$5.36 and a 52-week high of C$8.29. The company has a quick ratio of 1.17, a current ratio of 2.26 and a debt-to-equity ratio of 30.37. The company has a market capitalization of C$2.35 billion, a PE ratio of 71.82, a P/E/G ratio of 0.90 and a beta of 1.08. The stock’s 50 day moving average is C$7.69 and its two-hundred day moving average is C$7.03.

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

Sandstorm Gold Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.08 annualized dividend and a yield of 1.01%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity at Sandstorm Gold

In other Sandstorm Gold news, Director David E. De Witt sold 28,900 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of C$8.04, for a total value of C$232,211.50. 1.22% of the stock is currently owned by company 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.