Sandstorm Gold (TSE:SSL) Price Target Raised to C$17.00

Sandstorm Gold (TSE:SSL) had its target price boosted by Canaccord Genuity Group from C$15.75 to C$17.00 in a research report released on Tuesday,BayStreet.CA reports.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus upped their target price on shares of Sandstorm Gold from C$11.00 to C$13.00 in a research report on Monday, April 21st. CIBC upped their target price on shares of Sandstorm Gold from C$9.50 to C$11.25 in a research report on Thursday, April 17th. Finally, Raymond James cut their target price on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating on the stock in a research report on Thursday, February 20th.

Sandstorm Gold Stock Performance

SSL stock opened at C$12.31 on Tuesday. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17. The company has a 50 day moving average price of C$11.64 and a 200 day moving average price of C$9.74. Sandstorm Gold has a fifty-two week low of C$6.93 and a fifty-two week high of C$13.19. The stock has a market capitalization of C$2.58 billion, a PE ratio of 81.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 25th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.65%. Sandstorm Gold’s payout ratio is presently 53.23%.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.