Sandstorm Gold (TSE:SSL - Free Report) had its price objective boosted by TD Securities from C$10.00 to C$11.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.
Several other brokerages also recently weighed in on SSL. CIBC upped their price target on Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th. Canaccord Genuity Group increased their price objective on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd.
View Our Latest Stock Analysis on SSL
Sandstorm Gold Price Performance
SSL stock traded up C$0.19 during midday trading on Friday, reaching C$8.30. The stock had a trading volume of 1,275,389 shares, compared to its average volume of 304,174. The company's fifty day simple moving average is C$7.84 and its 200 day simple moving average is C$7.70. The company has a market cap of C$2.47 billion, a price-to-earnings ratio of 60.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 26.63. Sandstorm Gold has a 52-week low of C$5.36 and a 52-week high of C$8.58.
Sandstorm Gold (TSE:SSL - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.01. The business had revenue of C$56.61 million during the quarter, compared to analyst estimates of C$55.48 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. As a group, sell-side analysts predict that Sandstorm Gold will post 0.230835 earnings per share for the current fiscal year.
Sandstorm Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 25th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.08 annualized dividend and a yield of 0.96%. Sandstorm Gold's dividend payout ratio is currently 57.14%.
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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