Sandstorm Gold (TSE:SSL) Price Target Increased to C$11.00 by Analysts at Stifel Nicolaus

Sandstorm Gold (TSE:SSL - Free Report) had its target price lifted by Stifel Nicolaus from C$10.25 to C$11.00 in a research report sent to investors on Monday, BayStreet.CA reports.

Several other equities analysts have also commented on the stock. TD Securities upped their price target on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday. Canaccord Genuity Group lifted their target price on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. Finally, CIBC boosted their price target on Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th.

Sandstorm Gold Trading Up 2.2 %

Shares of Sandstorm Gold stock traded up C$0.18 during trading hours on Monday, reaching C$8.48. 803,669 shares of the company's stock were exchanged, compared to its average volume of 306,634. The firm has a market capitalization of C$2.52 billion, a price-to-earnings ratio of 61.00, 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. The company has a fifty day moving average of C$7.87 and a 200-day moving average of C$7.71.

Sandstorm Gold (TSE:SSL - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share (EPS) 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 firm had revenue of C$56.61 million for the quarter, compared to analyst estimates of C$55.48 million. Sell-side analysts forecast that Sandstorm Gold will post 0.230835 EPS for the current fiscal year.

Sandstorm Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 25th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, October 15th. Sandstorm Gold's payout ratio is currently 57.14%.

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.