Sandstorm Gold (TSE:SSL) Shares Down 1.2%

Sandstorm Gold Ltd. (TSE:SSL)’s share price was down 1.2% during mid-day trading on Friday . The stock traded as low as C$7.35 and last traded at C$7.41. Approximately 347,503 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 309,605 shares. The stock had previously closed at C$7.50.

Analyst Ratings Changes

Several equities research analysts have issued reports on SSL shares. National Bankshares boosted their target price on shares of Sandstorm Gold from C$8.50 to C$8.75 in a research note on Monday, May 6th. Canaccord Genuity Group boosted their target price on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday, April 23rd. Finally, CIBC boosted their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th.

Sandstorm Gold Trading Down 1.2 %

The company’s 50-day moving average is C$7.63 and its 200-day moving average is C$6.86. The firm has a market cap of C$2.21 billion, a price-to-earnings ratio of 67.36, a P/E/G ratio of 0.90 and a beta of 1.08. The company has a debt-to-equity ratio of 30.37, a quick ratio of 1.17 and a current ratio of 2.26.

Sandstorm Gold (TSE:SSL) last released its earnings results on Thursday, May 2nd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.03). Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.60%. The business had revenue of C$57.72 million for the quarter, compared to analyst estimates of C$58.92 million. On average, research analysts predict that Sandstorm Gold Ltd. will post 0.1024252 earnings per share for the current year.

Sandstorm Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were paid a dividend of $0.02 per share. The ex-dividend date was Monday, April 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.08%. Sandstorm Gold’s payout ratio is 72.73%.

Insider Buying and Selling

In related news, Director David E. De Witt sold 28,900 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of C$8.04, for a total transaction of C$232,211.50. In other Sandstorm Gold news, Director David E. De Witt sold 28,900 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of C$8.04, for a total transaction of C$232,211.50. Also, Director Nolan Allan Watson purchased 27,200 shares of Sandstorm Gold stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of C$7.33 per share, with a total value of C$199,376.00. 1.22% of the stock is owned by company insiders.

About Sandstorm Gold

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.