Sandstorm Gold Ltd. (TSE:SSL - Get Free Report)'s share price traded down 8.8% during mid-day trading on Wednesday . The stock traded as low as C$8.27 and last traded at C$8.35. 209,135 shares were traded during trading, a decline of 40% from the average session volume of 347,807 shares. The stock had previously closed at C$9.16.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Raymond James dropped their price target on Sandstorm Gold from C$8.50 to C$8.25 and set an "outperform" rating on the stock in a research note on Thursday. CIBC decreased their price objective on Sandstorm Gold from C$10.00 to C$9.50 and set a "neutral" rating for the company in a report on Thursday.
Check Out Our Latest Research Report on SSL
Sandstorm Gold Stock Performance
The stock has a market cap of C$1.79 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. The stock has a fifty day moving average of C$8.35 and a 200-day moving average of C$8.10. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44.
Sandstorm Gold Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.94%. Sandstorm Gold's dividend payout ratio (DPR) is currently 53.23%.
Insider Activity
In other news, Director David Awram sold 50,000 shares of Sandstorm Gold stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total value of C$403,000.00. Corporate insiders own 1.20% of the company's stock.
Sandstorm Gold Company Profile
(
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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.
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