Sandstorm Gold (TSE:SSL) Price Target Raised to C$17.00

Sandstorm Gold (TSE:SSL) had its price target increased by Canaccord Genuity Group from C$15.75 to C$17.00 in a report issued on Tuesday,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Raymond James lowered their price target on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus raised their price objective on Sandstorm Gold from C$11.00 to C$13.00 in a research note on Monday, April 21st. Finally, CIBC raised their price target on Sandstorm Gold from C$9.50 to C$11.25 in a research report on Thursday, April 17th.

Sandstorm Gold Price Performance

SSL stock opened at C$12.57 on Tuesday. Sandstorm Gold has a 52 week low of C$6.93 and a 52 week high of C$13.19. 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 company has a fifty day simple moving average of C$11.75 and a two-hundred day simple moving average of C$9.78. The firm has a market capitalization of C$2.63 billion, a P/E ratio of 83.64, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 25th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.64%. The ex-dividend date was Monday, April 14th. Sandstorm Gold’s dividend payout ratio is currently 53.23%.

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.