The shares of Sandstorm Gold Ltd. (TSE:SSL) received an average “buy” recommendation from the eleven research firms that currently cover the company, reports MarketBeat Ratings. One analyst rated the stock with a sell recommendation, three gave a hold recommendation and six gave the company a buy recommendation. The 1-year average price target among brokerages that have quoted the stock over the past year is C$11.05.
Several equity analysts have recently weighed in on SSL shares. HC Wainwright reissued a “buy” rating and set a target price of C$15.00 on Sandstorm Gold shares in a research report on Tuesday, January 11. Morgan Stanley lowered its price target on Sandstorm Gold to C$11.00 and set a “buy” rating on the stock in a Friday, Dec. 3 research report. Royal Bank of Canada set a target price of CA$7.00 on Sandstorm Gold and gave the company an “underperforming” rating in a Thursday, November 18 research report. National Bankshares reduced its target price on Sandstorm Gold from C$10.75 to C$9.50 in a Friday, January 7 research report. Finally, BMO Capital Markets restated a “market performance” rating and set a price target of C$9.00 on Sandstorm Gold shares in a report released on Monday, December 20.
TSE SSL opened at C$7.67 on Friday. The company has a market capitalization of C$1.47 billion and a P/E ratio of 40.16. The company has a debt ratio of 0.43, a quick ratio of 8.81 and a current ratio of 9.69. The company’s 50-day moving average price is CA$7.60 and its 200-day moving average price is CA$8.08. Sandstorm Gold has a fifty-two week low of C$6.86 and a fifty-two week high of C$11.34.
The company also recently announced a quarterly dividend, which was paid on Friday, January 28. Shareholders of record on Tuesday, January 18 received a dividend of $0.02. This represents an annualized dividend of $0.08 and a dividend yield of 1.04%. The ex-dividend date was Monday, January 17. Sandstorm Gold’s dividend payout ratio is 41.88%.
In other Sandstorm Gold news, Director David Awram sold 20,500 shares of the company in a trade on Tuesday, December 7. The stock was sold at an average price of CA$7.50, for a total value of CA$153,832.00. Following the completion of the sale, the administrator now directly owns 592,940 shares of the company, valued at approximately C$4,449,421.76. Additionally, director Andrew Swarthout sold 50,000 shares of the company in a trade on Tuesday, January 11. The stock was sold at an average price of CA$7.65, for a total value of CA$382,635.00. Following the completion of the sale, the director now owns 35,667 shares of the company, valued at CA$272,948.85. Insiders sold a total of 93,500 shares of the company valued at $715,269 during the last quarter.
About Sandstorm Gold
Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal and royalty purchase contracts 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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