Sandstorm Gold Ltd. (TSE:SSL) to Issue Quarterly Dividend of $0.02

Key Points

• Sandstorm Gold Ltd. has announced a quarterly dividend of $0.02 per share, with shareholders recorded as of September 26th receiving the payment on October 7th.
• The company's share price rose to C$16.72, marking a trading volume significantly above its average, and it currently has a market cap of C$4.90 billion.
• Equities research analysts have mixed ratings for Sandstorm Gold, with a consensus rating of "Hold" and a target price averaging C$13.75.

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Shareholders of record on Friday, September 26th will be given a dividend of 0.02 per share on Tuesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 0.5%.

Sandstorm Gold Price Performance

Shares of TSE:SSL traded up C$0.39 on Monday, hitting C$16.72. The company had a trading volume of 2,626,142 shares, compared to its average volume of 576,220. The company has a market cap of C$4.90 billion, a PE ratio of 139.33, a PEG ratio of 0.90 and a beta of 0.66. The business has a 50 day moving average of C$14.29 and a 200 day moving average of C$12.37. Sandstorm Gold has a 52-week low of C$7.47 and a 52-week high of C$16.78. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 26.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Canaccord Genuity Group upped their price target on Sandstorm Gold from C$15.75 to C$17.00 in a research note on Tuesday, June 10th. Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. CIBC lowered Sandstorm Gold from a "neutral" rating to a "tender" rating and lifted their target price for the stock from C$13.50 to C$16.50 in a research report on Monday. Finally, TD Securities lowered Sandstorm Gold from a "strong-buy" rating to a "strong sell" rating and set a C$14.00 price objective for the company. in a research report on Thursday, July 10th. Two 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 MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$13.75.

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.

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