Sandstorm Gold (TSE:SSL) Shares Down 3.2% - Here's Why

Key Points

• Sandstorm Gold Ltd. shares fell by 3.2%, trading at C$16.50 after hitting a low of C$16.42 during a day with significantly increased trading volume of over 12 million shares.
• CIBC raised their price target for Sandstorm Gold from C$16.50 to C$21.50, while TD Securities downgraded it from a "strong-buy" to a "strong sell" with a target of C$14.00.
• Sandstorm recently declared a quarterly dividend of $0.02 per share, reflecting a 0.5% yield, with a payout ratio of 47.57%.

Shares of Sandstorm Gold Ltd. (TSE:SSL - Get Free Report) traded down 3.2% during mid-day trading on Monday . The stock traded as low as C$16.42 and last traded at C$16.50. 12,168,813 shares traded hands during trading, an increase of 1,576% from the average session volume of 725,881 shares. The stock had previously closed at C$17.04.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. CIBC lifted their price target on Sandstorm Gold from C$16.50 to C$21.50 in a research note on Friday, October 10th. TD Securities lowered 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. Canaccord Genuity Group boosted their target price on Sandstorm Gold from C$18.50 to C$22.00 in a research note on Thursday, October 2nd. Finally, Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$15.75.

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 business has a 50 day moving average price of C$16.19 and a two-hundred day moving average price of C$13.69. The company has a market cap of C$4.84 billion, a P/E ratio of 137.50, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, October 7th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, September 26th. Sandstorm Gold's payout ratio is currently 47.57%.

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.

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