Sandstorm Gold (TSE:SSL – Free Report) had its price target hoisted by Canaccord Genuity Group from C$10.00 to C$10.50 in a report published on Tuesday morning, BayStreet.CA reports.
A number of other brokerages have also commented on SSL. CIBC boosted their price objective on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research report on Monday, April 15th. TD Securities cut their price objective on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating on the stock in a research report on Wednesday, February 14th.
Read Our Latest Report on Sandstorm Gold
Sandstorm Gold Stock Up 1.6 %
Sandstorm Gold (TSE:SSL – Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.08. The company had revenue of C$60.59 million during the quarter, compared to analysts’ expectations of C$62.51 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%. On average, equities research analysts anticipate that Sandstorm Gold will post 0.0946201 EPS for the current fiscal year.
Sandstorm Gold Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 26th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.07%. The ex-dividend date is Monday, April 15th. Sandstorm Gold’s dividend payout ratio (DPR) is currently 42.11%.
Insiders Place Their Bets
In other news, Director Nolan Allan Watson purchased 27,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of C$7.33 per share, with a total value of C$199,376.00. Insiders own 1.22% of the company’s stock.
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.
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