Sandstorm Gold (TSE:SSL) Shares Down 8.8% – Time to Sell?

Sandstorm Gold Ltd. (TSE:SSL)’s share price dropped 8.8% on Wednesday . The company traded as low as C$8.27 and last traded at C$8.35. Approximately 209,135 shares were traded during trading, a decline of 40% from the average daily volume of 347,807 shares. The stock had previously closed at C$9.16.

Analyst Upgrades and Downgrades

Separately, CIBC raised their target price on Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, November 8th.

Sandstorm Gold Trading Down 10.0 %

The firm has a market capitalization of C$1.73 billion, a P/E ratio of 54.83, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. 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 firm has a 50 day moving average price of C$8.31 and a two-hundred day moving average price of C$8.08.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is presently 53.23%.

Insider Transactions at Sandstorm Gold

In other news, Director David Awram sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total transaction of C$403,000.00. Corporate insiders own 1.20% of the company’s stock.

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.