Sandstorm Gold (TSE:SSL) Hits New 1-Year High – What’s Next?

Sandstorm Gold Ltd. (TSE:SSL)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$10.37 and last traded at C$10.36, with a volume of 93558 shares trading hands. The stock had previously closed at C$9.82.

Analysts Set New Price Targets

Several research firms have weighed in on SSL. CIBC lowered their price objective on shares of Sandstorm Gold from C$10.00 to C$9.50 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Raymond James reduced their price objective on Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a research note on Thursday, February 20th.

Sandstorm Gold Stock Up 6.9 %

The business’s 50 day simple moving average is C$8.89 and its 200-day simple moving average is C$8.37. The company has a debt-to-equity ratio of 26.44, a quick ratio of 1.17 and a current ratio of 2.29. The company has a market cap of C$2.20 billion, a price-to-earnings ratio of 69.87, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.76%. Sandstorm Gold’s dividend payout ratio (DPR) 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.