Sandstorm Gold (TSE:SSL) Reaches New 1-Year High – Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$9.49 and last traded at C$9.48, with a volume of 16861 shares changing hands. The stock had previously closed at C$9.41.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. CIBC cut their price target on Sandstorm Gold from C$10.00 to C$9.50 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Raymond James dropped their target price 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, February 20th.

Sandstorm Gold Trading Down 0.2 %

The company has a 50 day moving average of C$8.76 and a two-hundred day moving average of C$8.31. The company has a debt-to-equity ratio of 26.44, a quick ratio of 1.17 and a current ratio of 2.29. The stock has a market capitalization of C$2.03 billion, a PE ratio of 64.34, a P/E/G ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.83%. Sandstorm Gold’s dividend payout ratio is currently 53.23%.

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.