Sandstorm Gold (TSE:SSL) Hits New 12-Month High - What's Next?

Key Points

• Sandstorm Gold Ltd. reached a new 52-week high of C$16.12, reflecting strong market performance with a recent trading activity volume of 39,518 shares.
• Several analysts have downgraded the stock's rating, notably TD Securities moving it to a "strong sell" with a target price of C$14.00, while Canaccord Genuity raised their target from C$15.75 to C$17.00.
• Sandstorm Gold announced a quarterly dividend of $0.02 per share, which equates to an annualized payout of $0.08 and a yield of 0.5%, with a dividend payout ratio of 47.57%.

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$16.12 and last traded at C$15.98, with a volume of 39518 shares. The stock had previously closed at C$15.91.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SSL shares. TD Securities lowered Sandstorm Gold from a "strong-buy" rating to a "strong sell" rating and set a C$14.00 price target on the stock. in a research report on Thursday, July 10th. Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. Finally, Canaccord Genuity Group upped their target price on Sandstorm Gold from C$15.75 to C$17.00 in a research report on Tuesday, June 10th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$12.70.

Sandstorm Gold Stock Performance

The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 26.44. The firm has a market capitalization of C$4.77 billion, a price-to-earnings ratio of 135.58, a price-to-earnings-growth ratio of 0.90 and a beta of 0.66. The company has a 50-day moving average of C$14.23 and a 200-day moving average of C$12.27.

Sandstorm Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 25th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 15th. Sandstorm Gold's dividend payout ratio is currently 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.