Sandstorm Gold Ltd. (TSE: SSL) Receives Consensus ‘Moderate Buy’ Rating from Analysts


Sandstorm Gold Ltd. (TSE: SSL- Get a rating) received an average recommendation of “moderate buy” from the eleven analysts who currently cover the company, reports Two research analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The average 1-year target price among brokerages that have hedged the stock over the past year is C$11.08.

SSL has been the subject of several research analyst reports. National Bankshares cut its target price on Sandstorm Gold from CA$12.50 to CA$11.50 and set an “outperform” rating for the company in a Tuesday, August 16 research note. TD Securities raised its target price on Sandstorm Gold from C$10.00 to C$10.50 and gave the stock a “buy” rating in a Tuesday, August 16 research note. National Bank Financial reaffirmed an “outperformance specifications overweight” rating on Sandstorm Gold shares in a Monday, Aug. 15 research report. HC Wainwright reissued a “buy” rating and set a target price of C$14.75 on Sandstorm Gold shares in a research report on Wednesday, June 1. Finally, CIBC lowered its price target on Sandstorm Gold from C$13.50 to C$12.50 and set an “outperform” rating for the stock in a Friday, Aug. 12 research note.

Insider Trading at Sandstorm Gold

In other news, director Andrew Swarthout sold 15,000 shares of Sandstorm Gold in a trade on Wednesday, September 14. The stock was sold at an average price of CA$8.41, for a total value of CA$126,142.65. Following the completion of the sale, the director now owns 43,667 shares of the company, valued at C$367,218.07.

Sandstorm Gold Stock down 7.4%

TSE:SSL opened at C$7.61 on Friday. Sandstorm Gold has a 12-month low of C$6.86 and a 12-month high of C$11.61. The company has a market cap of C$2.13 billion and a price-earnings ratio of 18.12. The stock has a 50-day simple moving average of C$7.70 and a 200-day simple moving average of C$8.61. The company has a current ratio of 2.49, a quick ratio of 2.45 and a debt ratio of 0.37.

Sandstorm Gold (TSE: SSL – Get a rating) last reported results on Thursday, August 11. The company reported earnings per share (EPS) of C$0.08 for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The company recorded revenue of C$45.91 million during the quarter. Analysts expect Sandstorm Gold to post an EPS of 0.21 for the current year.

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Tuesday, July 19 received a dividend of $0.02. The ex-dividend date was Monday, July 18. This represents a dividend of $0.08 on an annualized basis and a dividend yield of 1.05%. Sandstorm Gold’s dividend payout ratio (DPR) is 7.41%.

About Sandstorm Gold

(Get a rating)

Sandstorm Gold Ltd. operates as a gold royalty company. The Company is focused on acquiring royalties and contracts to purchase gold and other metals (streams) from companies that have late-stage development projects or operating mines. It offers upfront payments to companies to acquire a 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.

Recommended Stories

Analyst Recommendations for Sandstorm Gold (TSE: SSL)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Sandstorm Gold, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Sandstorm Gold wasn’t on the list.

While Sandstorm Gold currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here


About Author

Comments are closed.