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

Sandstorm Gold Ltd. (TSE:SSL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$9.33 and last traded at C$9.26, with a volume of 461332 shares trading hands. The stock had previously closed at C$8.98.

Wall Street Analysts Forecast Growth

SSL has been the subject of a number of analyst reports. Stifel Nicolaus upped their target price on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. TD Securities raised their price objective on Sandstorm Gold from C$10.00 to C$11.00 in a research report on Friday, October 18th. Finally, CIBC boosted their target price on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th.

Sandstorm Gold Price Performance

The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 26.63. The company has a market capitalization of C$2.80 billion, a price-to-earnings ratio of 67.14, a P/E/G ratio of 0.90 and a beta of 1.11. The firm has a 50-day simple moving average of C$8.24 and a two-hundred day simple moving average of C$8.05.

Sandstorm Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 0.85%. Sandstorm Gold’s dividend payout ratio is presently 57.14%.

Insider Activity

In other Sandstorm Gold news, Director David Awram sold 50,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total transaction of C$403,000.00. Insiders own 1.20% of the company’s stock.

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.