Sandstorm Gold (TSE:SSL) Given New C$8.75 Price Target at National Bankshares

Sandstorm Gold (TSE:SSL) had its target price boosted by National Bankshares from C$8.50 to C$8.75 in a research report report published on Monday morning, BayStreet.CA reports.

A number of other research firms have also weighed in on SSL. CIBC boosted their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. Canaccord Genuity Group increased their price objective on Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday, April 23rd. Finally, TD Securities cut their target price on Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating on the stock in a report on Wednesday, February 14th.

Sandstorm Gold Stock Performance

TSE SSL opened at C$7.69 on Monday. The firm’s 50 day simple moving average is C$6.98 and its 200 day simple moving average is C$6.57. The firm has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 40.47, a P/E/G ratio of 0.90 and a beta of 1.09. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.30. The company has a current ratio of 3.32, a quick ratio of 1.17 and a debt-to-equity ratio of 31.19.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.08. The company had revenue of C$60.59 million for the quarter, compared to the consensus estimate of C$62.51 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%. As a group, research analysts expect that Sandstorm Gold will post 0.1195739 earnings per share for the current fiscal year.

Sandstorm Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 26th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, April 15th. Sandstorm Gold’s dividend payout ratio is 42.11%.

Insider Buying and Selling

In other Sandstorm Gold news, Director Nolan Allan Watson purchased 27,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of C$7.33 per share, with a total value of C$199,376.00. 1.23% of the stock is currently owned by 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.