Sandstorm Gold (TSE:SSL – Free Report) had its price target increased by Canaccord Genuity Group from C$10.00 to C$10.50 in a research note released on Tuesday morning, BayStreet.CA reports.
SSL has been the topic of several other reports. TD Securities cut their target price on Sandstorm Gold from C$8.00 to C$7.00 and set a buy rating on the stock in a report on Wednesday, February 14th. CIBC boosted their price objective on Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th.
Check Out Our Latest Stock Report on SSL
Sandstorm Gold Trading Up 2.9 %
Sandstorm Gold (TSE:SSL – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The business had revenue of C$60.59 million for the quarter, compared to analyst estimates of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. Equities analysts anticipate that Sandstorm Gold will post 0.0946201 EPS for the current fiscal year.
Sandstorm Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.08 annualized dividend and a yield of 1.04%. Sandstorm Gold’s payout ratio is 42.11%.
Insider Activity at Sandstorm Gold
In other news, Director Nolan Allan Watson acquired 27,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average price of C$7.33 per share, for a total transaction of C$199,376.00. 1.22% of the stock is owned by company 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.
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