Sandstorm Gold Ltd. (TSE: SSL) Receives Consensus ‘Buy’ Rating by Brokerages


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%.

(A d)

Hey, Tim Sykes here…and if you don’t know how to spot these classic trading patterns…then grab my free eBook now…Plus, I’ll be sharing my #1 rule for trading Penny Stocks.

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.

See also

Analyst Recommendations for Sandstorm Gold (TSE: SSL)

This instant 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]

Should you invest $1,000 in Sandstorm Gold right now?

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

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily 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 “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


About Author

Comments are closed.