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Sandstorm Gold (TSE:SSL) Hits New 1-Year High - Here's Why

Sandstorm Gold logo with Basic Materials background

Key Points

  • Sandstorm Gold Ltd. recently achieved a new 52-week high at C$16.57, highlighting strong market performance with a trading volume of 76,688 shares.
  • Analysts have mixed sentiments, with Canaccord Genuity raising its price target to C$17.00, while TD Securities downgraded the stock to a "strong sell" with a target of C$14.00.
  • The company declared a quarterly dividend of $0.02 per share, providing an annualized yield of 0.5% and indicating a payout ratio of 47.57%.
  • Five stocks to consider instead of Sandstorm Gold.

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$16.57 and last traded at C$16.57, with a volume of 76688 shares changing hands. The stock had previously closed at C$16.33.

Analyst Ratings Changes

A number of brokerages have issued reports on SSL. CIBC lowered shares of Sandstorm Gold from a "neutral" rating to a "tender" rating and lifted their target price for the company from C$13.50 to C$16.50 in a research note on Monday. Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. TD Securities lowered shares of Sandstorm Gold from a "strong-buy" rating to a "strong sell" rating and set a C$14.00 target price for the company. in a research note on Thursday, July 10th. Finally, Canaccord Genuity Group lifted their target price on shares of Sandstorm Gold from C$15.75 to C$17.00 in a research note on Tuesday, June 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$13.75.

View Our Latest Report on SSL

Sandstorm Gold Stock Performance

The company has a debt-to-equity ratio of 26.44, a quick ratio of 1.17 and a current ratio of 2.29. The firm's 50 day moving average is C$14.57 and its 200-day moving average is C$12.58. The firm has a market cap of C$4.84 billion, a price-to-earnings ratio of 137.67, a price-to-earnings-growth ratio of 0.90 and a beta of 0.66.

Sandstorm Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 26th will be paid a $0.02 dividend. 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

(Get Free Report)

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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