Sandstorm Gold Ltd. (TSE:SSL - Get Free Report) hit a new 52-week high during trading on Tuesday after Stifel Nicolaus raised their price target on the stock from C$10.25 to C$11.00. The company traded as high as C$8.63 and last traded at C$8.56, with a volume of 132596 shares trading hands. The stock had previously closed at C$8.48.
Several other research analysts have also recently issued reports on the stock. CIBC raised their target price on shares of Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th. TD Securities raised their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday. Finally, Canaccord Genuity Group raised their target price on shares of Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd.
Check Out Our Latest Report on Sandstorm Gold
Sandstorm Gold Trading Up 5.7 %
The firm has a 50-day moving average price of C$7.90 and a 200-day moving average price of C$7.72. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. The stock has a market cap of C$2.66 billion, a PE ratio of 61.14, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.
Sandstorm Gold (TSE:SSL - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, topping analysts' consensus estimates of C$0.03 by C$0.01. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. The business had revenue of C$56.61 million during the quarter, compared to analyst estimates of C$55.48 million. As a group, equities analysts anticipate that Sandstorm Gold Ltd. will post 0.230835 EPS for the current fiscal year.
Sandstorm Gold Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.89%. Sandstorm Gold's dividend payout ratio is currently 57.14%.
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.
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