Sandstorm Gold (TSE:SSL) Shares Down 8.8% – Time to Sell?

Sandstorm Gold Ltd. (TSE:SSL) traded down 8.8% on Wednesday . The stock traded as low as C$8.27 and last traded at C$8.35. 209,135 shares traded hands during trading, a decline of 40% from the average session volume of 347,807 shares. The stock had previously closed at C$9.16.

Wall Street Analyst Weigh In

Separately, CIBC raised their target price on Sandstorm Gold from C$9.50 to C$10.00 in a research report on Friday, November 8th.

Sandstorm Gold Stock Down 10.0 %

The firm has a 50 day simple moving average of C$8.31 and a two-hundred day simple moving average of C$8.08. The company has a market capitalization of C$1.73 billion, a PE ratio of 54.83, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 26.44.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $0.02 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.97%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 53.23%.

Insiders Place Their Bets

In other Sandstorm Gold news, 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 transaction of C$403,000.00. 1.20% 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.