Sandstorm Gold (TSE:SSL) Hits New 52-Week High – Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL) shares reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as C$11.10 and last traded at C$11.00, with a volume of 1163602 shares changing hands. The stock had previously closed at C$10.63.

Analyst Upgrades and Downgrades

SSL has been the topic of a number of research reports. Raymond James decreased their price objective 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. CIBC decreased their price target on shares of Sandstorm Gold from C$10.00 to C$9.50 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of Sandstorm Gold from C$12.25 to C$12.75 and gave the stock a “buy” rating in a research note on Wednesday.

Sandstorm Gold Trading Up 3.5 %

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 market capitalization of C$2.31 billion, a P/E ratio of 73.19, a P/E/G ratio of 0.90 and a beta of 1.11. The business has a 50-day moving average price of C$9.56 and a two-hundred day moving average price of C$8.65.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, April 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.73%. Sandstorm Gold’s payout ratio is 53.23%.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.