Sandstorm Gold (TSE:SSL) Reaches New 1-Year High – Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL) hit a new 52-week high on Monday . The stock traded as high as C$9.49 and last traded at C$9.48, with a volume of 16861 shares. The stock had previously closed at C$9.41.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SSL shares. CIBC reduced their price target on Sandstorm Gold from C$10.00 to C$9.50 and set a “neutral” rating on the stock in a report on Thursday, February 20th. 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, February 20th.

Sandstorm Gold Price Performance

The firm has a fifty day simple moving average of C$8.76 and a 200 day simple moving average of C$8.31. The company has a market capitalization of C$2.03 billion, a PE ratio of 64.34, 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 quick ratio of 1.17 and a current ratio of 2.29.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders 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 annualized dividend and a yield of 0.83%. Sandstorm Gold’s payout ratio is currently 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.