Canaccord Genuity Group Boosts Sandstorm Gold (TSE:SSL) Price Target to C$22.00

Sandstorm Gold (TSE:SSL) had its target price raised by Canaccord Genuity Group from C$18.50 to C$22.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on SSL. Stifel Canada cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. TD Securities cut shares of Sandstorm Gold from a “strong-buy” rating to a “strong sell” rating and set a C$14.00 price target for the company. in a report on Thursday, July 10th. Finally, CIBC cut shares of Sandstorm Gold from a “neutral” rating to a “tender” rating and upped their price target for the company from C$13.50 to C$16.50 in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$14.75.

Sandstorm Gold Trading Up 0.9%

Shares of TSE:SSL opened at C$17.49 on Thursday. The stock has a market capitalization of C$5.13 billion, a PE ratio of 145.75, a P/E/G ratio of 0.90 and a beta of 0.66. Sandstorm Gold has a 1 year low of C$7.47 and a 1 year high of C$17.63. The firm has a fifty day moving average price of C$15.33 and a 200 day moving average price of C$13.14. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, October 7th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 26th. Sandstorm Gold’s dividend payout ratio (DPR) is presently 47.57%.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.