CIBC Boosts Sandstorm Gold (TSE:SSL) Price Target to C$10.00

Sandstorm Gold (TSE:SSL) had its price target boosted by CIBC from C$9.50 to C$10.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

SSL has been the topic of several other research reports. Stifel Nicolaus increased their price target on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. TD Securities raised their target price on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th. Finally, Canaccord Genuity Group boosted their target price on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd.

Sandstorm Gold Stock Down 5.0 %

SSL stock opened at C$7.61 on Friday. The firm has a market cap of C$2.26 billion, a PE ratio of 54.36, a PEG ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.98. The company has a fifty day simple moving average of C$8.18 and a 200 day simple moving average of C$7.82. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 26.63.

Sandstorm Gold (TSE:SSL) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The company had revenue of C$60.98 million during the quarter, compared to analyst estimates of C$61.69 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. Sell-side analysts anticipate that Sandstorm Gold will post 0.230835 EPS for the current fiscal year.

Sandstorm Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were paid a $0.02 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.05%. Sandstorm Gold’s payout ratio is 57.14%.

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.