Sandstorm Gold (TSE:SSL) Sets New 52-Week High - Still a Buy?

Key Points

• Sandstorm Gold Ltd. reached a new 52-week high stock price of C$15.64 with a recent close at C$15.54, indicating strong market performance.
• Several analysts have revised their ratings for the company, with Stifel Canada downgrading it to a "hold" and Canaccord Genuity raising the price target to C$17.00.
• The company has announced a quarterly dividend of $0.02 per share, with a dividend yield of 0.5% and a payout ratio of 47.57%.

Sandstorm Gold Ltd. (TSE:SSL - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as C$15.64 and last traded at C$15.54, with a volume of 61176 shares traded. The stock had previously closed at C$15.34.

Wall Street Analyst Weigh In

SSL has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price objective on shares of Sandstorm Gold from C$15.75 to C$17.00 in a research report on Tuesday, June 10th. Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Finally, TD Securities cut shares of Sandstorm Gold from a "strong-buy" rating to a "strong sell" rating and set a C$14.00 price objective for the company. in a research report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating, two have given 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 a consensus target price of C$12.70.

Sandstorm Gold Price Performance

The company has a 50-day moving average of C$13.97 and a 200 day moving average of C$12.07. 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 stock has a market capitalization of C$4.66 billion, a PE ratio of 132.58, a PEG ratio of 0.90 and a beta of 0.66.

Sandstorm Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 25th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 15th. Sandstorm Gold's dividend payout ratio 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.