Sandstorm Gold (TSE:SSL) Reaches New 12-Month High – Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$13.85 and last traded at C$13.57, with a volume of 540609 shares changing hands. The stock had previously closed at C$13.15.

Analyst Upgrades and Downgrades

Several research firms recently commented on SSL. CIBC raised their target price on Sandstorm Gold from C$9.50 to C$11.25 in a research report on Thursday, April 17th. Stifel Nicolaus raised their target price on Sandstorm Gold from C$11.00 to C$13.00 in a research report on Monday, April 21st. Finally, Canaccord Genuity Group raised their target price on Sandstorm Gold from C$15.75 to C$17.00 in a research report on Tuesday, June 10th.

Sandstorm Gold Trading Up 4.5%

The company has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 91.43, a PEG ratio of 0.90 and a beta of 1.11. 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 firm has a 50-day moving average price of C$12.25 and a 200-day moving average price of C$10.32.

Sandstorm Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 25th will be given a $0.02 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.58%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 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.