National Bankshares Raises Sandstorm Gold (TSE:SSL) Price Target to C$8.75

Sandstorm Gold (TSE:SSL) had its price objective upped by National Bankshares from C$8.50 to C$8.75 in a research report report published on Monday morning, BayStreet.CA reports.

A number of other analysts have also issued reports on the stock. TD Securities cut their price target on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating on the stock in a research note on Wednesday, February 14th. CIBC upped their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th. Finally, Canaccord Genuity Group upped their price target on Sandstorm Gold from C$10.00 to C$10.50 in a report on Tuesday, April 23rd.

Sandstorm Gold Price Performance

SSL stock opened at C$7.69 on Monday. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.30. The company has a debt-to-equity ratio of 31.19, a current ratio of 3.32 and a quick ratio of 1.17. The firm has a market capitalization of C$2.29 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 0.90 and a beta of 1.09. The business has a 50 day simple moving average of C$6.98 and a 200-day simple moving average of C$6.57.

Sandstorm Gold (TSE:SSL) last posted its earnings results on Thursday, February 15th. The company reported C$0.11 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.08. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%. The company had revenue of C$60.59 million for the quarter, compared to analysts’ expectations of C$62.51 million. Equities research analysts anticipate that Sandstorm Gold will post 0.1195739 earnings per share for the current fiscal year.

Sandstorm Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were paid a dividend of $0.02 per share. The ex-dividend date was Monday, April 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.04%. Sandstorm Gold’s payout ratio is currently 42.11%.

Insider Activity at Sandstorm Gold

In other Sandstorm Gold news, Director Nolan Allan Watson purchased 27,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was bought at an average cost of C$7.33 per share, with a total value of C$199,376.00. 1.23% of the stock is currently owned by corporate insiders.

Sandstorm Gold Company Profile

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.