Sandstorm Gold Ltd. (TSE:SSL) to Issue Quarterly Dividend of $0.02

Sandstorm Gold Ltd. (TSE:SSL) declared a quarterly dividend on Wednesday, December 15th, Zacks reports. Shareholders of record on Tuesday, January 18th will be given a dividend of 0.02 per share on Friday, January 28th. This represents a $0.08 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Monday, January 17th.

Shares of TSE SSL opened at C$7.73 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.81 and a current ratio of 9.69. The firm has a market cap of C$1.48 billion and a price-to-earnings ratio of 41.12. Sandstorm Gold has a 1 year low of C$6.86 and a 1 year high of C$11.34. The stock’s 50-day simple moving average is C$7.84 and its 200-day simple moving average is C$8.35.

Sandstorm Gold (TSE:SSL) last issued its earnings results on Wednesday, November 3rd. The company reported C$0.04 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.01). The business had revenue of C$34.75 million during the quarter. As a group, research analysts predict that Sandstorm Gold will post 0.23 EPS for the current year.

Several research firms have recently commented on SSL. Royal Bank of Canada set a C$7.00 price target on shares of Sandstorm Gold and gave the company an “underperform” rating in a report on Thursday, November 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$9.00 price objective on shares of Sandstorm Gold in a research note on Monday, December 20th. TD Securities reduced their price objective on shares of Sandstorm Gold from C$12.50 to C$11.00 and set a “buy” rating on the stock in a research note on Friday, December 3rd. National Bankshares dropped their price objective on shares of Sandstorm Gold from C$10.75 to C$9.50 in a report on Friday, January 7th. Finally, Cormark decreased their price objective on shares of Sandstorm Gold from C$13.00 to C$12.50 and set a “buy” rating for the company in a research report on Monday, December 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$11.05.

In related news, Director Andrew Swarthout sold 50,000 shares of the company’s stock in a transaction dated Tuesday, January 11th. The stock was sold at an average price of C$7.65, for a total value of C$382,635.00. Following the completion of the sale, the director now directly owns 35,667 shares of the company’s stock, valued at approximately C$272,948.85. Also, Director David Awram sold 20,500 shares of the stock in a transaction that occurred on Tuesday, December 7th. The stock was sold at an average price of C$7.50, for a total value of C$153,832.00. Following the sale, the director now directly owns 592,940 shares of the company’s stock, valued at C$4,449,421.76. Over the last quarter, insiders have sold 93,500 shares of company stock valued at $715,269.

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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