Sandstorm Gold (TSE:SSL) Price Target Raised to C$11.00 at Stifel Nicolaus

Sandstorm Gold (TSE:SSL) had its price target increased by Stifel Nicolaus from C$10.25 to C$11.00 in a research report report published on Monday, BayStreet.CA reports.

SSL has been the subject of a number of other research reports. Canaccord Genuity Group increased their target price on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd. 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. Finally, CIBC lifted their price objective on Sandstorm Gold from C$9.00 to C$9.50 in a report on Wednesday, July 10th.

Sandstorm Gold Stock Performance

SSL opened at C$8.72 on Monday. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17. The business has a fifty day simple moving average of C$7.99 and a 200 day simple moving average of C$7.75. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.98. The company has a market capitalization of C$2.59 billion, a PE ratio of 62.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold (TSE:SSL) last announced its earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. The company had revenue of C$56.61 million during the quarter, compared to analysts’ expectations of C$55.48 million. Research analysts expect that Sandstorm Gold will post 0.230835 EPS for the current year.

Sandstorm Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 25th will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.92%. Sandstorm Gold’s dividend 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.