Sandstorm Gold (TSE:SSL) Price Target Cut to C$8.25 by Analysts at Raymond James

Sandstorm Gold (TSE:SSL) had its price objective reduced by Raymond James from C$8.50 to C$8.25 in a research note released on Thursday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Separately, CIBC increased their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, November 8th.

Sandstorm Gold Stock Up 3.1 %

Shares of TSE:SSL opened at C$8.77 on Thursday. Sandstorm Gold has a 1 year low of C$5.42 and a 1 year high of C$9.48. The company has a market capitalization of C$1.84 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. The business has a fifty day moving average price of C$8.35 and a two-hundred day moving average price of C$8.10. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17.

Sandstorm Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio is currently 53.23%.

Insider Buying and Selling at Sandstorm Gold

In other news, Director David Awram sold 50,000 shares of Sandstorm Gold stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total value 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.