Sandstorm Gold (TSE:SSL) Reaches New 12-Month High – Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$9.33 and last traded at C$9.26, with a volume of 461332 shares. The stock had previously closed at C$8.98.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Securities lifted their price target on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Stifel Nicolaus boosted their target price on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research report on Monday, October 21st. Finally, CIBC lifted their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th.

Sandstorm Gold Stock Performance

The firm’s fifty day simple moving average is C$8.19 and its 200 day simple moving average is C$8.03. The company has a market capitalization of C$2.75 billion, a PE ratio of 66.14, a price-to-earnings-growth 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is 57.14%.

Insider Activity at Sandstorm Gold

In related news, Director David Awram sold 50,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total value of C$403,000.00. 1.20% of the stock is 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.