Sandstorm Gold (TSE:SSL) Hits New 1-Year High – Here’s Why

Sandstorm Gold Ltd. (TSE:SSL)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$8.98 and last traded at C$8.98, with a volume of 122182 shares. The stock had previously closed at C$8.79.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. CIBC increased their price objective on Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, November 8th. Finally, TD Securities boosted their price target on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th.

Sandstorm Gold Trading Up 1.8 %

The stock has a market capitalization of C$2.66 billion, a PE ratio of 63.93, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. The company has a 50 day moving average of C$8.12 and a two-hundred day moving average of C$8.00.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. The business had revenue of C$60.98 million during the quarter, compared to analysts’ expectations of C$61.69 million. Sell-side analysts predict that Sandstorm Gold Ltd. will post 0.230835 EPS for the current year.

Sandstorm Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.89%. Sandstorm Gold’s payout ratio is 57.14%.

Insider Activity

In other Sandstorm Gold news, Director David Awram sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total transaction of C$403,000.00. Corporate insiders own 1.20% of the company’s stock.

About Sandstorm Gold

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.