Sandstorm Gold (TSE:SSL – Free Report) had its price objective boosted by TD Securities from C$9.50 to C$10.00 in a research note published on Monday, BayStreet.CA reports.
Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their price target on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research report on Tuesday, April 23rd. CIBC boosted their price objective on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research note on Wednesday, July 10th. Finally, National Bankshares boosted their price objective on shares of Sandstorm Gold from C$8.50 to C$8.75 in a research note on Monday, May 6th.
Get Our Latest Report on Sandstorm Gold
Sandstorm Gold Trading Down 2.0 %
Sandstorm Gold (TSE:SSL – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.03). Sandstorm Gold had a return on equity of 1.60% and a net margin of 12.24%. The business had revenue of C$57.72 million for the quarter, compared to the consensus estimate of C$58.92 million. As a group, research analysts anticipate that Sandstorm Gold will post 0.1024252 EPS for the current fiscal year.
Sandstorm Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 26th will be paid a $0.02 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $0.08 dividend on an annualized basis and a yield of 1.03%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 72.73%.
Insider Activity at Sandstorm Gold
In related news, Director David E. De Witt sold 28,900 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of C$8.04, for a total value of C$232,211.50. 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.
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