Sandstorm Gold (TSE:SSL) Sets New 52-Week High - What's Next?

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$13.85 and last traded at C$13.57, with a volume of 540609 shares trading hands. The stock had previously closed at C$13.15.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SSL shares. Stifel Nicolaus upped their price objective on shares of Sandstorm Gold from C$11.00 to C$13.00 in a report on Monday, April 21st. Canaccord Genuity Group upped their price objective on shares of Sandstorm Gold from C$15.75 to C$17.00 in a report on Tuesday, June 10th. Finally, CIBC upped their price objective on shares of Sandstorm Gold from C$9.50 to C$11.25 in a report on Thursday, April 17th.

Sandstorm Gold Price Performance

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's 50 day moving average is C$12.25 and its 200 day moving average is C$10.32. The firm has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 92.89, a P/E/G ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 25th will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.57%. Sandstorm Gold's payout ratio is 53.23%.

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.