Sandstorm Gold (TSE:SSL) Price Target Cut to C$9.50 by Analysts at CIBC

Sandstorm Gold (TSE:SSL) had its target price reduced by CIBC from C$10.00 to C$9.50 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

Separately, Raymond James reduced their price target on Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating on the stock in a report on Thursday.

Sandstorm Gold Stock Up 3.1 %

SSL opened at C$8.77 on Thursday. The company has a market cap of C$1.84 billion, a P/E ratio of 58.36, a P/E/G ratio of 0.90 and a beta of 1.11. The business’s 50-day moving average price is C$8.35 and its 200-day moving average price is C$8.10. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 26.44. Sandstorm Gold has a 12 month low of C$5.42 and a 12 month high of C$9.48.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.91%. Sandstorm Gold’s dividend payout ratio is presently 53.23%.

Insider Activity at Sandstorm Gold

In other Sandstorm Gold news, Director David Awram sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total transaction of C$403,000.00. 1.20% of the stock is owned by company insiders.

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.