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Sandstorm Gold (TSE:SSL) Hits New 1-Year High - Still a Buy?

Sandstorm Gold logo with Basic Materials background

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$12.32 and last traded at C$12.28, with a volume of 215922 shares. The stock had previously closed at C$12.12.

Analyst Ratings Changes

Several research firms have recently issued reports on SSL. CIBC upped their price objective on Sandstorm Gold from C$9.50 to C$11.25 in a research note on Thursday, April 17th. Raymond James cut their target price on Sandstorm Gold from C$8.50 to C$8.25 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Canaccord Genuity Group increased their target price on Sandstorm Gold from C$12.25 to C$12.75 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Finally, Stifel Nicolaus increased their target price on Sandstorm Gold from C$11.00 to C$13.00 in a report on Monday, April 21st.

Check Out Our Latest Analysis on Sandstorm Gold

Sandstorm Gold Stock Down 1.5%

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 stock has a 50 day simple moving average of C$11.37 and a 200 day simple moving average of C$9.48. The firm has a market capitalization of C$2.53 billion, a PE ratio of 80.45, a PEG ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 25th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.66%. Sandstorm Gold's dividend payout ratio (DPR) is currently 53.23%.

About Sandstorm Gold

(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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