Insider Selling: Sandstorm Gold Ltd. (TSE:SSL) Director Sells 50,000 Shares of Stock

Sandstorm Gold Ltd. (TSE:SSL) Director Andrew Swarthout sold 50,000 shares of the company’s stock in a transaction on Tuesday, January 11th. The shares were sold at an average price of C$7.65, for a total value of C$382,635.00. Following the sale, the director now directly owns 35,667 shares of the company’s stock, valued at C$272,948.85.

Shares of TSE:SSL opened at C$7.73 on Friday. The company has a current ratio of 9.69, a quick ratio of 8.81 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of C$1.48 billion and a PE ratio of 41.12. Sandstorm Gold Ltd. has a 1 year low of C$6.86 and a 1 year high of C$11.34. The firm has a fifty day moving average price of C$7.84 and a 200 day moving average price of C$8.35.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings results on Wednesday, November 3rd. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.01). The firm had revenue of C$34.75 million during the quarter. On average, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 28th. Shareholders of record on Tuesday, January 18th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, January 17th. This represents a $0.08 dividend on an annualized basis and a yield of 1.03%. Sandstorm Gold’s payout ratio is currently 42.55%.

SSL has been the topic of several recent analyst reports. Raymond James cut their target price on shares of Sandstorm Gold to C$11.50 and set a “market perform” rating on the stock in a research note on Thursday, December 30th. Morgan Stanley reduced their price objective on Sandstorm Gold to C$11.00 and set a “buy” rating for the company in a research note on Friday, December 3rd. TD Securities decreased their price objective on Sandstorm Gold from C$12.50 to C$11.00 and set a “buy” rating for the company in a research report on Friday, December 3rd. BMO Capital Markets reiterated a “market perform” rating and issued a C$9.00 target price on shares of Sandstorm Gold in a report on Monday, December 20th. Finally, HC Wainwright restated a “buy” rating and set a C$15.00 price target on shares of Sandstorm Gold in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$11.05.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold 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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