Sandstorm Gold (TSE:SSL – Free Report) had its price target hoisted by CIBC from C$8.00 to C$9.00 in a research report released on Monday, BayStreet.CA reports.
Separately, TD Securities lowered their price objective on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating for the company in a research report on Wednesday, February 14th.
View Our Latest Stock Analysis on Sandstorm Gold
Sandstorm Gold Stock Up 2.9 %
Sandstorm Gold (TSE:SSL – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The business had revenue of C$60.59 million for the quarter, compared to analysts’ expectations of C$62.51 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%. Sell-side analysts expect that Sandstorm Gold will post 0.0946201 earnings per share for the current year.
Sandstorm Gold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 26th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Monday, April 15th. Sandstorm Gold’s payout ratio is 42.11%.
Insider Buying and Selling at Sandstorm Gold
In related news, Director Nolan Allan Watson acquired 27,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of C$7.33 per share, for a total transaction of C$199,376.00. 1.22% of the stock is currently owned by company insiders.
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.
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