Sandstorm Gold (TSE:SSL) Shares Down 2.1% – Time to Sell?

by · The Cerbat Gem

Sandstorm Gold Ltd. (TSE:SSL – Get Free Report) traded down 2.1% on Wednesday . The stock traded as low as C$15.00 and last traded at C$16.15. 842,727 shares were traded during mid-day trading, an increase of 16% from the average session volume of 726,460 shares. The stock had previously closed at C$16.50.

Analysts Set New Price Targets

SSL has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price objective on Sandstorm Gold from C$18.50 to C$22.00 in a research report on Thursday, October 2nd. CIBC raised their price target on Sandstorm Gold from C$16.50 to C$21.50 in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$15.75.

Get Our Latest Report on Sandstorm Gold

Sandstorm Gold Stock Down 2.1%

The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44. The company has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 134.58, a P/E/G ratio of 0.90 and a beta of 0.70. The business’s 50-day moving average is C$16.56 and its 200-day moving average is C$14.76.

Sandstorm Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, October 7th were paid a $0.02 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.5%. Sandstorm Gold’s dividend payout ratio is presently 47.57%.

Sandstorm Gold Company Profile

(Get Free Report)

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.

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