Sandstorm Gold (TSE:SSL) Price Target Raised to C$10.00

Sandstorm Gold (TSE:SSL) had its price target upped by CIBC from C$9.50 to C$10.00 in a report published on Friday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. TD Securities upped their price objective on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Stifel Nicolaus upped their price objective on Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. Finally, Canaccord Genuity Group upped their price objective on Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at C$8.01 on Friday. 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 has a market capitalization of C$2.38 billion, a P/E ratio of 57.21, a PEG ratio of 0.90 and a beta of 1.11. The stock’s 50 day moving average is C$8.18 and its 200 day moving average is C$7.82. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.98.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The company had revenue of C$60.98 million during the quarter, compared to analysts’ expectations of C$61.69 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. On average, equities research analysts predict that Sandstorm Gold will post 0.230835 earnings per share for the current fiscal year.

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.00%. Sandstorm Gold’s payout ratio is 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.