Sandstorm Gold (TSE:SSL) Given New C$10.00 Price Target at CIBC

Sandstorm Gold (TSE:SSL) had its price target hoisted by CIBC from C$9.50 to C$10.00 in a research report report published on Friday morning,BayStreet.CA reports.

SSL has been the subject of a number of other research reports. TD Securities boosted their price target on Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Canaccord Genuity Group boosted their price target on Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus boosted their target price on Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st.

Sandstorm Gold Stock Performance

Shares of SSL traded down C$0.76 during midday trading on Friday, reaching C$8.01. 1,400,500 shares of the stock were exchanged, compared to its average volume of 327,554. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.98. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63. The company has a market cap of C$2.38 billion, a P/E ratio of 57.21, a PEG ratio of 0.90 and a beta of 1.11. The stock’s 50 day simple moving average is C$8.18 and its 200 day simple moving average is C$7.82.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The company had revenue of C$60.98 million during the quarter, compared to analyst estimates of C$61.69 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. On average, sell-side analysts expect that Sandstorm Gold will post 0.230835 earnings per share for the current year.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold’s payout ratio is 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.