Sandstorm Gold (TSE:SSL) Reaches New 1-Year High - Here's What Happened

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as C$8.98 and last traded at C$8.98, with a volume of 122182 shares changing hands. The stock had previously closed at C$8.79.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SSL shares. Stifel Nicolaus boosted their price objective on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. CIBC boosted their price target on Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th. Finally, TD Securities raised their price objective on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th.

Sandstorm Gold Price Performance

The stock has a market cap of C$2.67 billion, a price-to-earnings ratio of 64.14, a price-to-earnings-growth 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. The company's 50-day moving average is C$8.17 and its 200-day moving average is C$8.02.

Sandstorm Gold (TSE:SSL - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.02). Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. The company had revenue of C$60.98 million for the quarter, compared to the consensus estimate of C$61.69 million. Equities research analysts expect that Sandstorm Gold Ltd. will post 0.230835 earnings per share for the current fiscal year.

Sandstorm Gold Dividend Announcement

The company also recently declared 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 was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.89%. Sandstorm Gold's dividend payout ratio (DPR) is presently 57.14%.

Insider Transactions at Sandstorm Gold

In other news, Director David Awram sold 50,000 shares of the business'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. 1.20% of the stock is owned by company insiders.

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.