Sandstorm Gold (TSE:SSL) Hits New 12-Month High - Here's Why

Key Points

• Sandstorm Gold reached a new 52-week high of C$16.83 and traded at C$16.30 with a volume of 109,513 shares on the most recent trading session.
• Analysts have mixed views on the stock, with TD Securities downgrading it to a "strong sell" while Canaccord Genuity increased its target price from C$15.75 to C$17.00.
• The company declared a quarterly dividend of $0.02 per share, resulting in an annualized yield of 0.5%, with a payout ratio of 47.57%.

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as C$16.83 and last traded at C$16.30, with a volume of 109513 shares changing hands. The stock had previously closed at C$16.52.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SSL shares. TD Securities downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "strong sell" rating and set a C$14.00 target price on the stock. in a report on Thursday, July 10th. CIBC downgraded shares of Sandstorm Gold from a "neutral" rating to a "tender" rating and lifted their target price for the stock from C$13.50 to C$16.50 in a report on Monday, September 15th. Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Finally, Canaccord Genuity Group lifted their target price on shares of Sandstorm Gold from C$15.75 to C$17.00 in a report on Tuesday, June 10th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sandstorm Gold currently has a consensus rating of "Hold" and a consensus target price of C$13.75.

Sandstorm Gold Stock Performance

The firm's fifty day moving average price is C$14.63 and its 200-day moving average price is C$12.68. 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 company has a market cap of C$4.82 billion, a P/E ratio of 137.08, a P/E/G ratio of 0.90 and a beta of 0.66.

Sandstorm Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.5%. Sandstorm Gold's dividend payout ratio (DPR) 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.