Nolan Allan Watson Buys 27,200 Shares of Sandstorm Gold Ltd. (TSE:SSL) Stock

Sandstorm Gold Ltd. (TSE:SSL) Director Nolan Allan Watson purchased 27,200 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of C$7.33 per share, with a total value of C$199,376.00.

Nolan Allan Watson also recently made the following trade(s):

• On Tuesday, March 12th, Nolan Allan Watson acquired 7,800 shares of Sandstorm Gold stock. The shares were purchased at an average price of C$6.39 per share, with a total value of C$49,826.40.

Sandstorm Gold Price Performance

Shares of SSL opened at C$7.46 on Thursday. The company’s fifty day moving average price is C$6.49 and its 200-day moving average price is C$6.46. Sandstorm Gold Ltd. has a 1-year low of C$5.36 and a 1-year high of C$8.38. The company has a debt-to-equity ratio of 29.92, a current ratio of 3.32 and a quick ratio of 1.17. The firm has a market capitalization of C$2.22 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03.

Sandstorm Gold (TSE:SSL) last released its earnings results on Thursday, February 15th. The company reported C$0.11 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The firm had revenue of C$60.59 million during the quarter, compared to the consensus estimate of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. On average, equities research analysts predict that Sandstorm Gold Ltd. will post 0.0946201 EPS for the current year.

Sandstorm Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 26th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, April 15th. Sandstorm Gold’s dividend payout ratio (DPR) is currently 42.11%.

Analyst Upgrades and Downgrades

SSL has been the subject of several analyst reports. TD Securities decreased their price objective on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. CIBC boosted their price target on Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday.

About Sandstorm Gold

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.