Sandstorm Gold (TSE:SSL – Free Report) had its target price hoisted by Stifel Nicolaus from C$10.25 to C$11.00 in a research note released on Monday, BayStreet.CA reports.
Other analysts also recently issued research reports about the stock. TD Securities raised their price target on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Canaccord Genuity Group raised their price objective on shares of Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. Finally, CIBC upped their target price on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research note on Wednesday, July 10th.
Check Out Our Latest Stock Report on SSL
Sandstorm Gold Trading Down 1.2 %
Sandstorm Gold (TSE:SSL – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The firm had revenue of C$56.61 million for the quarter, compared to analyst estimates of C$55.48 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. Equities research analysts predict that Sandstorm Gold will post 0.230835 EPS for the current fiscal year.
Sandstorm Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 25th will be given a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.08 annualized dividend and a yield of 0.90%. Sandstorm Gold’s dividend payout ratio is presently 57.14%.
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.
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