Sandstorm Gold (TSE:SSL) Hits New 12-Month High – Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL) shares hit a new 52-week high on Monday . The company traded as high as C$12.16 and last traded at C$11.82, with a volume of 85559 shares changing hands. The stock had previously closed at C$11.75.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. CIBC upped their target price on shares of Sandstorm Gold from C$9.50 to C$11.25 in a research note on Thursday. Raymond James dropped their price objective on Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group upped their target price on Sandstorm Gold from C$12.25 to C$12.75 and gave the stock a “buy” rating in a report on Wednesday, April 9th.

Sandstorm Gold Price Performance

The firm has a market capitalization of C$2.44 billion, a P/E ratio of 77.39, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17. The stock’s fifty day simple moving average is C$9.82 and its 200 day simple moving average is C$8.76.

Sandstorm Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, April 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.69%. Sandstorm Gold’s payout ratio is 53.23%.

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.