Sandstorm Gold (TSE:SSL) Sets New 12-Month High – What’s Next?

Sandstorm Gold Ltd. (TSE:SSL) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$8.98 and last traded at C$8.98, with a volume of 122182 shares. The stock had previously closed at C$8.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. CIBC upped their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th. Finally, TD Securities raised their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th.

Sandstorm Gold Stock Down 0.7 %

The company has a market capitalization of C$2.67 billion, a PE ratio of 64.14, a PEG 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. The business has a fifty day moving average of C$8.15 and a 200 day moving average of C$8.02.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. The business had revenue of C$60.98 million during the quarter, compared to analysts’ expectations of C$61.69 million. Equities research analysts anticipate that Sandstorm Gold Ltd. will post 0.230835 EPS for the current year.

Sandstorm Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 0.89%. Sandstorm Gold’s dividend payout ratio (DPR) is 57.14%.

Insider Activity at Sandstorm Gold

In related news, Director David Awram sold 50,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total transaction of C$403,000.00. 1.20% of the stock is currently owned by insiders.

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.