Canaccord Genuity Group Increases Sandstorm Gold (TSE:SSL) Price Target to C$22.00

Sandstorm Gold (TSE:SSL) had its target price increased by Canaccord Genuity Group from C$18.50 to C$22.00 in a report published on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. CIBC cut Sandstorm Gold from a “neutral” rating to a “tender” rating and lifted their price target for the stock from C$13.50 to C$16.50 in a research note on Monday, September 15th. Stifel Canada cut Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 21st. Finally, TD Securities cut Sandstorm Gold from a “strong-buy” rating to a “strong sell” rating and set a C$14.00 target price on the stock. in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$14.75.

Sandstorm Gold Trading Down 0.4%

Shares of SSL opened at C$17.34 on Thursday. The business’s 50-day moving average price is C$15.25 and its 200 day moving average price is C$13.06. The stock has a market capitalization of C$5.08 billion, a P/E ratio of 144.50, a P/E/G ratio of 0.90 and a beta of 0.66. Sandstorm Gold has a 1-year low of C$7.47 and a 1-year high of C$17.63. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 26.44.

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, October 7th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.5%. Sandstorm Gold’s payout ratio is presently 47.57%.

Sandstorm Gold Company Profile

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.