Sandstorm Gold (TSE:SSL – Free Report) had its target price raised by CIBC from C$8.00 to C$9.00 in a research report sent to investors on Monday, BayStreet.CA reports.
Separately, TD Securities decreased their price objective on shares of Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating for the company in a research note on Wednesday, February 14th.
View Our Latest Research Report on Sandstorm Gold
Sandstorm Gold Stock Performance
Sandstorm Gold (TSE:SSL – Get Free Report) last posted its quarterly earnings data 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. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%. The firm had revenue of C$60.59 million during the quarter, compared to analyst estimates of C$62.51 million. Research analysts forecast that Sandstorm Gold will post 0.0946201 EPS for the current year.
Sandstorm Gold Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 26th will be given a $0.02 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.07%. Sandstorm Gold’s payout ratio is 42.11%.
Insiders Place Their Bets
In related news, Director Nolan Allan Watson bought 27,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was bought at an average price of C$7.33 per share, for a total transaction of C$199,376.00. Insiders own 1.22% of the company’s stock.
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.
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