Sandstorm Gold (TSE:SSL) Hits New 52-Week High - Here's What Happened

Key Points

• Sandstorm Gold Ltd. reached a new 52-week high of C$18.03, with its stock last trading at C$18.02 on significant volume.
• Analysts have mixed views on the stock, with Canaccord Genuity boosting its price target to C$22.00 while TD Securities downgraded it to a "strong sell" with a C$14.00 target.
• The company recently declared a quarterly dividend of $0.02 per share, representing an annualized yield of 0.4% and a dividend payout ratio of 47.57%.

Shares of Sandstorm Gold Ltd. (TSE:SSL - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$18.03 and last traded at C$18.02, with a volume of 87564 shares traded. The stock had previously closed at C$17.74.

Analysts Set New Price Targets

A number of research analysts have commented on SSL shares. Canaccord Genuity Group increased their target price on Sandstorm Gold from C$18.50 to C$22.00 in a report on Thursday, October 2nd. 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. Stifel Canada cut shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Finally, CIBC upped their target price on shares of Sandstorm Gold from C$16.50 to C$21.50 in a research report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$15.75.

Sandstorm Gold Stock Up 3.0%

The business's 50 day simple moving average is C$16.01 and its 200 day simple moving average is C$13.51. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44. The company has a market capitalization of C$5.36 billion, a PE ratio of 152.33, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70.

Sandstorm Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, October 7th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.4%. Sandstorm Gold's dividend payout ratio (DPR) is 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.

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