Sandstorm Gold (TSE:SSL) Hits New 12-Month High - Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$10.37 and last traded at C$10.36, with a volume of 93558 shares changing hands. The stock had previously closed at C$9.82.

Analyst Ratings Changes

A number of equities analysts have recently commented on SSL shares. CIBC reduced their price objective on shares of Sandstorm Gold from C$10.00 to C$9.50 and set a "neutral" rating for the company in a report on Thursday, February 20th. Raymond James decreased their price objective on Sandstorm Gold from C$8.50 to C$8.25 and set an "outperform" rating on the stock in a report on Thursday, February 20th.

Sandstorm Gold Stock Down 1.0 %

The firm has a market cap of C$2.27 billion, a price-to-earnings ratio of 72.20, a PEG 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 business's 50-day moving average is C$9.09 and its 200-day moving average is C$8.44.

Sandstorm Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 0.74%. Sandstorm Gold's payout ratio is 53.23%.

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.