Shares of Sandstorm Gold Ltd. (TSE:SSL - Get Free Report) reached a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from C$11.00 to C$13.00. The stock traded as high as C$12.16 and last traded at C$11.82, with a volume of 85559 shares changing hands. The stock had previously closed at C$11.75.
Other equities research analysts have also recently issued research reports about the company. CIBC raised their target price on Sandstorm Gold from C$9.50 to C$11.25 in a research note on Thursday, April 17th. Raymond James lowered their price objective on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group raised their price target on shares of Sandstorm Gold from C$12.25 to C$12.75 and gave the stock a "buy" rating in a report on Wednesday, April 9th.
Get Our Latest Stock Report on Sandstorm Gold
Sandstorm Gold Trading Down 0.4 %
The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44. The company has a market capitalization of C$2.46 billion, a P/E ratio of 78.05, a P/E/G ratio of 0.90 and a beta of 1.11. The firm's 50-day moving average price is C$10.01 and its 200 day moving average price is C$8.85.
Sandstorm Gold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 25th will be issued a $0.02 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.68%. Sandstorm Gold's dividend payout ratio is presently 53.23%.
About Sandstorm Gold
(
Get Free Report)
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.
Featured Stories
Before you consider Sandstorm Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sandstorm Gold wasn't on the list.
While Sandstorm Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
