TD Securities Raises Sandstorm Gold (TSE:SSL) Price Target to C$11.00

Sandstorm Gold (TSE:SSL) had its price target boosted by TD Securities from C$10.00 to C$11.00 in a report published on Friday, BayStreet.CA reports.

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

Sandstorm Gold Stock Performance

Shares of SSL opened at C$8.48 on Friday. The stock’s fifty day moving average price is C$7.90 and its two-hundred day moving average price is C$7.72. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.58. The firm has a market cap of C$2.52 billion, a PE ratio of 60.57, a PEG ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.04 earnings per share 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 business had revenue of C$56.61 million during the quarter, compared to analyst estimates of C$55.48 million. On average, equities research analysts forecast that Sandstorm Gold will post 0.230835 EPS for the current year.

Sandstorm Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 25th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, October 15th. Sandstorm Gold’s payout ratio is currently 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.