Sandstorm Gold Ltd. (TSE:SSL) Director Sells C$403,000.00 in Stock

Sandstorm Gold Ltd. (TSE:SSL) Director David Awram sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total value of C$403,000.00.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock opened at C$8.00 on Friday. The stock has a market cap of C$2.38 billion, a price-to-earnings ratio of 57.14, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. The company has a debt-to-equity ratio of 26.63, a quick ratio of 1.17 and a current ratio of 1.99. The stock has a 50 day moving average price of C$8.16 and a 200-day moving average price of C$7.87. Sandstorm Gold Ltd. has a one year low of C$5.36 and a one year high of C$8.98.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings data 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 firm had revenue of C$60.98 million for the quarter, compared to the consensus estimate of C$61.69 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. Equities analysts expect that Sandstorm Gold Ltd. will post 0.230835 EPS for the current year.

Sandstorm Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s payout ratio is currently 57.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SSL. CIBC upped their price objective on Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th. Stifel Nicolaus upped their price target on shares of Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st. Finally, TD Securities lifted their price objective on shares of Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th.

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.