Sandstorm Gold (TSE:SSL) Sets New 12-Month High – Should You Buy?

Sandstorm Gold Ltd. (TSE:SSL)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$10.37 and last traded at C$10.36, with a volume of 93558 shares. The stock had previously closed at C$9.82.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SSL shares. CIBC reduced their price objective on Sandstorm Gold from C$10.00 to C$9.50 and set a “neutral” rating for the company in a report on Thursday, February 20th. Raymond James decreased their price objective on Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a report on Thursday, February 20th.

Sandstorm Gold Stock Performance

The firm has a 50-day simple moving average of C$8.98 and a 200-day simple moving average of C$8.40. 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 stock has a market cap of C$2.20 billion, a PE ratio of 70.00, a P/E/G ratio of 0.90 and a beta of 1.11.

Sandstorm Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold’s payout ratio is presently 53.23%.

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.