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

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

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

Sandstorm Gold Stock Down 0.4 %

Shares of SSL opened at C$7.84 on Wednesday. The business’s 50 day simple moving average is C$7.66 and its 200-day simple moving average is C$6.96. 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 stock has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 71.27, a price-to-earnings-growth ratio of 0.90 and a beta of 1.08.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings data on Thursday, May 2nd. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.03). Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.60%. The business had revenue of C$57.72 million for the quarter, compared to the consensus estimate of C$58.92 million. As a group, equities analysts expect that Sandstorm Gold will post 0.1024252 earnings per share for the current fiscal year.

Sandstorm Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 26th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.02%. The ex-dividend date is Tuesday, July 16th. Sandstorm Gold’s payout ratio is 72.73%.

Insider Activity

In related news, Director Nolan Allan Watson bought 27,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were bought at an average price of C$7.33 per share, for a total transaction of C$199,376.00. In other Sandstorm Gold news, Director Nolan Allan Watson acquired 27,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average price 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 on Tuesday, May 28th. The stock was sold at an average price of C$8.04, for a total value of C$232,211.50. Company insiders own 1.22% of the company’s stock.

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.