Shares of Sandstorm Gold Ltd. (TSE:SSL – Get Free Report) reached a new 52-week high during trading on Tuesday after Stifel Nicolaus raised their price target on the stock from C$10.25 to C$11.00. The company traded as high as C$8.63 and last traded at C$8.56, with a volume of 132596 shares trading hands. The stock had previously closed at C$8.48.
A number of other research analysts have also recently issued reports on the company. Canaccord Genuity Group lifted their target price on Sandstorm Gold from C$10.50 to C$11.00 in a research report on Tuesday, July 23rd. TD Securities lifted their target price on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Finally, CIBC lifted their target price on Sandstorm Gold from C$9.00 to C$9.50 in a research report on Wednesday, July 10th.
Read Our Latest Research Report on SSL
Sandstorm Gold Stock Performance
Sandstorm Gold (TSE:SSL – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.01. The company had revenue of C$56.61 million for the quarter, compared to analysts’ expectations of C$55.48 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. Equities analysts forecast that Sandstorm Gold Ltd. will post 0.230835 earnings per share for the current fiscal year.
Sandstorm Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 25th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is currently 57.14%.
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.
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