Sandstorm Gold (TSE:SSL) Price Target Raised to C$22.00

Sandstorm Gold (TSE:SSL) had its price target increased by Canaccord Genuity Group from C$18.50 to C$22.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

SSL has been the topic of several other reports. Stifel Canada cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. TD Securities cut shares of Sandstorm Gold from a “strong-buy” rating to a “strong sell” rating and set a C$14.00 price target on the stock. in a report on Thursday, July 10th. Finally, CIBC cut shares of Sandstorm Gold from a “neutral” rating to a “tender” rating and boosted their price target for the company from C$13.50 to C$16.50 in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$14.75.

Sandstorm Gold Price Performance

Shares of TSE:SSL opened at C$17.49 on Thursday. The company’s fifty day moving average is C$15.33 and its two-hundred day moving average is C$13.14. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44. Sandstorm Gold has a 12-month low of C$7.47 and a 12-month high of C$17.63. The company has a market cap of C$5.13 billion, a P/E ratio of 145.75, a price-to-earnings-growth ratio of 0.90 and a beta of 0.66.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, October 7th will be issued a $0.02 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.5%. 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.