Analysts Set Sandstorm Gold Ltd. (TSE:SSL) Price Target at C$11.27

Shares of Sandstorm Gold Ltd. (TSE:SSLGet Rating) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$11.27.

Several equities analysts have recently issued reports on SSL shares. Cormark reaffirmed a “buy” rating and issued a C$12.50 price target (up previously from C$11.50) on shares of Sandstorm Gold in a research report on Tuesday, May 3rd. HC Wainwright reaffirmed a “buy” rating and issued a C$14.75 price target on shares of Sandstorm Gold in a research report on Wednesday, June 1st. National Bankshares lifted their price target on Sandstorm Gold from C$10.00 to C$12.50 in a research report on Wednesday, April 20th. Finally, Canaccord Genuity Group lifted their price target on Sandstorm Gold from C$11.50 to C$12.50 in a research report on Friday, April 22nd.

Shares of SSL stock opened at C$8.16 on Thursday. Sandstorm Gold has a 12 month low of C$6.86 and a 12 month high of C$11.61. The stock has a market cap of C$1.57 billion and a PE ratio of 39.61. The company has a current ratio of 7.08, a quick ratio of 6.31 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average price is C$8.87 and its 200-day moving average price is C$8.75.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Friday, April 29th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Monday, April 18th. Sandstorm Gold’s dividend payout ratio (DPR) is 7.61%.

In other Sandstorm Gold news, Director Nolan Allan Watson bought 12,500 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was acquired at an average price of C$7.99 per share, with a total value of C$99,875.00. Following the transaction, the director now owns 871,290 shares in the company, valued at C$6,961,607.10.

Sandstorm Gold Company Profile (Get Rating)

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a 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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Analyst Recommendations for Sandstorm Gold (TSE:SSL)

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