Sandstorm Gold (TSE:SSL) Shares Down 0.2% – What’s Next?

Sandstorm Gold Ltd. (TSE:SSL) shares were down 0.2% during mid-day trading on Thursday . The stock traded as low as C$8.01 and last traded at C$8.07. Approximately 141,579 shares traded hands during trading, a decline of 57% from the average daily volume of 330,768 shares. The stock had previously closed at C$8.09.

Wall Street Analysts Forecast Growth

SSL has been the topic of a number of research reports. CIBC increased their target price on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th. 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. Finally, TD Securities upped their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th.

Sandstorm Gold Price Performance

The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. The company has a fifty day simple moving average of C$8.18 and a two-hundred day simple moving average of C$7.86. The company has a market capitalization of C$2.34 billion, a price-to-earnings ratio of 56.21, a P/E/G ratio of 0.90 and a beta of 1.11.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The firm had revenue of C$60.98 million for the quarter, compared to analysts’ expectations of C$61.69 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. As a group, research analysts anticipate that Sandstorm Gold Ltd. will post 0.230835 earnings per share for the current year.

Sandstorm Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 57.14%.

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.