Sandstorm Gold Ltd. (TSE:SSL – Get Free Report)’s stock price hit a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$10.25 to C$11.00. The stock traded as high as C$8.63 and last traded at C$8.56, with a volume of 132596 shares. The stock had previously closed at C$8.48.
Several other equities analysts have also recently weighed in on the stock. CIBC increased their price objective on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research note on Wednesday, July 10th. TD Securities raised their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Finally, Canaccord Genuity Group raised their target price on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd.
Check Out Our Latest Report on Sandstorm Gold
Sandstorm Gold Trading Down 1.2 %
Sandstorm Gold (TSE:SSL – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of C$55.48 million. On average, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.230835 EPS for the current fiscal year.
Sandstorm Gold Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a yield of 0.90%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 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.
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