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 MarketBeat.com. 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
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.
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