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
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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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