Sandstorm Gold (TSE:SSL) Reaches New 1-Year High – Still a Buy?

Sandstorm Gold Ltd. (TSE:SSL)’s share price reached a new 52-week high on Monday . The stock traded as high as C$9.49 and last traded at C$9.48, with a volume of 16861 shares trading hands. The stock had previously closed at C$9.41.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Raymond James cut their target price on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a research report on Thursday, February 20th. CIBC dropped their target price on shares of Sandstorm Gold from C$10.00 to C$9.50 and set a “neutral” rating on the stock in a research report on Thursday, February 20th.

Sandstorm Gold Trading Up 1.4 %

The company has a market cap of C$2.00 billion, a price-to-earnings ratio of 63.48, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. 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 company’s fifty day moving average price is C$8.69 and its two-hundred day moving average price is C$8.28.

Sandstorm Gold Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 annualized dividend and a yield of 0.84%. Sandstorm Gold’s dividend payout ratio is currently 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.