The shares of Sandstorm Gold Ltd. (TSE: SSL) received an average “Hold” rating from the eleven brokerages currently hedging the stock, Marketbeat Ratings reports. One research analyst rated the stock with a sell recommendation, three gave a hold recommendation, and five gave the company a buy recommendation. The twelve-month average target price among brokerage firms that hedged the stock in the past year is C $ 10.80.
Several brokerage firms have recently published reports on SSL. National Bank Financial lowered its target price for Sandstorm Gold shares to C $ 11.50 and established an “outperformance” rating for the company in a research note on Friday, September 10. TD Securities reduced its price target for Sandstorm Gold shares from C $ 12.50 to C $ 11.00 and established a “buy” rating for the company in a research report released on Friday, December 3. Cormark lowered its price target for Sandstorm Gold shares from C $ 13.00 to C $ 12.50 and set a “buy” rating for the company in a research report released Monday. The Royal Bank of Canada has set a price target of C $ 7.00 for the shares of Sandstorm Gold and assigned the stock an “underperformance” rating in a research report published on Thursday, November 18. Finally, BMO Capital Markets reassessed a “market performance” rating and set a price target of C $ 9.00 for Sandstorm Gold shares in a research report released Monday.
Shares of TSE: SSL opened at C $ 7.69 on Thursday. Sandstorm Gold has a 52 week low at CA $ 6.86 and a 52 week high at CA $ 11.34. The company has a market capitalization of 1.47 billion Canadian dollars and a P / E ratio of 40.69. The company has a 50-day simple moving average of C $ 7.87 and a 200-day simple moving average of C $ 8.70. The company has a debt to equity ratio of 0.43, a quick ratio of 8.81 and a current ratio of 9.69.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 28. Shareholders of record on Tuesday, January 18 will receive a dividend of $ 0.02. The ex-dividend date is Monday January 17th. This represents a dividend of $ 0.08 on an annualized basis and a dividend yield of 1.04%. Sandstorm Gold’s payout ratio is 328.04%.
In other news, director David Awram sold 20,500 shares of Sandstorm Gold in a trade that took place on Tuesday, December 7. The shares were sold for an average price of C $ 7.50, for a total value of C $ 153,832.00. Following the closing of the sale, the Director now directly owns 592,940 shares of the company, valued at C $ 4,449,421.76.
Sandstorm Gold Company Profile
Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have late-stage development projects or operating mines. The company offers upfront payments to companies to acquire a gold stream or royalty and receives the right to purchase a percentage of a mine’s production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
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