Sandstorm Gold (TSE:SSL) Trading Down 0.2% – Here’s What Happened

Sandstorm Gold Ltd. (TSE:SSL)’s stock price was down 0.2% during mid-day trading on Thursday . The company traded as low as C$8.01 and last traded at C$8.07. Approximately 141,579 shares changed hands during trading, a decline of 57% from the average daily volume of 330,768 shares. The stock had previously closed at C$8.09.

Analyst Ratings Changes

SSL has been the subject of several recent analyst reports. TD Securities lifted their price target on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Stifel Nicolaus increased their price target on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. Finally, CIBC boosted their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th.

Sandstorm Gold Stock Performance

The business has a fifty day simple moving average of C$8.19 and a two-hundred day simple moving average of C$7.86. The company has a market cap of C$2.40 billion, a P/E ratio of 57.64, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The business had revenue of C$60.98 million for the quarter, compared to the consensus estimate of C$61.69 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. On average, sell-side analysts anticipate that Sandstorm Gold Ltd. will post 0.230835 EPS for the current year.

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were given a $0.02 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.99%. Sandstorm Gold’s payout ratio is currently 57.14%.

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.