Sandstorm Gold (TSE:SSL – Free Report) had its price target upped by Canaccord Genuity Group from C$10.00 to C$10.50 in a research note released on Tuesday, BayStreet.CA reports.
A number of other equities analysts also recently weighed in on the stock. TD Securities decreased their target price on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating for the company in a research note on Wednesday, February 14th. CIBC raised their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th.
View Our Latest Stock Report on SSL
Sandstorm Gold Price Performance
Sandstorm Gold (TSE:SSL – Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.08. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%. The business had revenue of C$60.59 million during the quarter, compared to the consensus estimate of C$62.51 million. On average, sell-side analysts forecast that Sandstorm Gold will post 0.0946201 EPS for the current year.
Sandstorm Gold Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, April 15th. Sandstorm Gold’s payout ratio is 42.11%.
Insider Activity
In other news, Director Nolan Allan Watson purchased 27,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of C$7.33 per share, for a total transaction of C$199,376.00. Corporate insiders own 1.22% of the company’s stock.
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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