Sandstorm Gold (TSE:SSL) Sets New 52-Week High – Here’s Why

Sandstorm Gold Ltd. (TSE:SSL) reached a new 52-week high on Tuesday . The stock traded as high as C$9.33 and last traded at C$9.26, with a volume of 461332 shares changing hands. The stock had previously closed at C$8.98.

Wall Street Analyst Weigh In

SSL has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. TD Securities upped their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Finally, CIBC raised their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th.

Sandstorm Gold Stock Performance

The stock has a 50-day moving average of C$8.19 and a 200 day moving average of C$8.03. The stock has a market cap of C$2.75 billion, a PE ratio of 66.14, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63.

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.86%. Sandstorm Gold’s payout ratio is 57.14%.

Insider Buying and Selling

In other news, Director David Awram sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total value of C$403,000.00. 1.20% of the stock is owned by company insiders.

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.