Sandstorm Gold (SSL) Scheduled to Post Earnings on Thursday

Sandstorm Gold (TSE:SSL – Get Rating) is scheduled to release its earnings data after the market closes on Thursday, August 11th. Analysts expect Sandstorm Gold to post earnings of C$0.06 per share for the quarter.

Sandstorm Gold (TSE:SSL – Get Rating) last released its earnings results on Wednesday, May 11th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.02). The firm had revenue of C$44.80 million for the quarter.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at C$7.24 on Thursday. The firm’s 50 day simple moving average is C$7.85 and its 200-day simple moving average is C$8.74. The company has a market cap of C$1.49 billion and a P/E ratio of 34.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 7.08 and a quick ratio of 6.31. Sandstorm Gold has a fifty-two week low of C$6.86 and a fifty-two week high of C$11.61.

Sandstorm Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Tuesday, July 19th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Monday, July 18th. Sandstorm Gold’s dividend payout ratio (DPR) is currently 7.46%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. National Bankshares boosted their price objective on shares of Sandstorm Gold from C$10.00 to C$12.50 in a research report on Wednesday, April 20th. Cormark reaffirmed a “buy” rating and set a C$12.50 price objective (up from C$11.50) on shares of Sandstorm Gold in a research report on Tuesday, May 3rd. HC Wainwright reaffirmed a “buy” rating and set a C$14.75 price objective on shares of Sandstorm Gold in a research report on Wednesday, June 1st. Finally, Canaccord Genuity Group boosted their price objective on shares of Sandstorm Gold from C$11.50 to C$12.50 in a research report on Friday, April 22nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$11.07.

Insider Transactions at Sandstorm Gold

In related news, Director Nolan Allan Watson acquired 12,500 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were purchased at an average price of C$7.99 per share, with a total value of C$99,875.00. Following the acquisition, the director now directly owns 871,290 shares in the company, valued at C$6,961,607.10.

About Sandstorm Gold

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Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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