TD Securities Increases Sandstorm Gold (TSE:SSL) Price Target to C$10.00

Sandstorm Gold (TSE:SSL) had its price target increased by TD Securities from C$9.50 to C$10.00 in a research report report published on Monday morning, BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday, April 23rd. CIBC increased their price target on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th. Finally, National Bankshares increased their price target on shares of Sandstorm Gold from C$8.50 to C$8.75 in a research report on Monday, May 6th.

Sandstorm Gold Stock Down 2.0 %

Shares of Sandstorm Gold stock opened at C$7.74 on Monday. The business has a 50-day moving average of C$7.70 and a 200-day moving average of C$7.04. The company has a debt-to-equity ratio of 30.37, a current ratio of 2.26 and a quick ratio of 1.17. The company has a market capitalization of C$2.31 billion, a PE ratio of 70.36, a P/E/G ratio of 0.90 and a beta of 1.08. Sandstorm Gold has a 1-year low of C$5.36 and a 1-year high of C$8.29.

Sandstorm Gold (TSE:SSL) last announced its earnings results on Thursday, May 2nd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.03). The business had revenue of C$57.72 million for the quarter, compared to analyst estimates of C$58.92 million. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.60%. As a group, equities analysts forecast that Sandstorm Gold will post 0.1024252 EPS for the current fiscal year.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 26th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.08 dividend on an annualized basis and a yield of 1.03%. Sandstorm Gold’s dividend payout ratio is currently 72.73%.

Insiders Place Their Bets

In other Sandstorm Gold news, Director David E. De Witt sold 28,900 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of C$8.04, for a total value of C$232,211.50. 1.22% of the stock is currently owned by corporate insiders.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.