Sandstorm Gold (TSE:SSL) Reaches New 1-Year High – Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.45 and last traded at C$15.45, with a volume of 3515926 shares changing hands. The stock had previously closed at C$15.03.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. TD Securities lowered Sandstorm Gold from a “strong-buy” rating to a “strong sell” rating and set a C$14.00 price target on the stock. in a research note on Thursday, July 10th. Canaccord Genuity Group boosted their price target on Sandstorm Gold from C$15.75 to C$17.00 in a research note on Tuesday, June 10th. Finally, Stifel Canada lowered Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sandstorm Gold presently has a consensus rating of “Hold” and a consensus price target of C$12.70.

Sandstorm Gold Price Performance

The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44. The business has a 50-day moving average price of C$13.51 and a two-hundred day moving average price of C$11.74. The company has a market capitalization of C$3.24 billion, a price-to-earnings ratio of 102.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 25th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 15th. Sandstorm Gold’s dividend payout ratio is presently 53.23%.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.