Insider Selling: Sandstorm Gold Ltd. (TSE: SSL) Director sells 1,300 shares

Sandstorm Gold Ltd. (TSE: SSL- Get a rating) Director Vera Kobalia sold 1,300 shares of the company in a transaction that took place on Tuesday, December 10. The shares were sold at an average price of CA$8.91, for a total transaction of CA$11,583.00.

Sandstorm Gold trades down 0.6%

SSL traded at CA$0.04 during Friday’s trading, hitting CA$7.12. 299,463 shares of the company were traded, against an average volume of 322,089. Sandstorm Gold Ltd. has a 1-year low of C$6.86 and a 1-year high of C$11.61. The company has a current ratio of 7.08, a quick ratio of 6.31 and a debt ratio of 0.41. The stock has a market capitalization of C$1.46 billion and a PE ratio of 33.90. The company has a fifty-day moving average price of C$8.01 and a two-hundred-day moving average price of C$8.75.

Sandstorm Gold (TSE: SSL – Get a rating) last reported results on Wednesday, May 11. The company reported earnings per share of CA$0.06 for the quarter, missing analyst consensus estimates of CA$0.08 by CA$0.02. The company reported revenue of C$44.80 million for the quarter. As a group, equity research analysts predict that Sandstorm Gold Ltd. will show earnings per share of 0.22 for the current fiscal year.

Sandstorm Gold Announces Dividend

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The company also recently announced a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Tuesday, July 19 will receive a dividend of $0.02 per share. This represents a dividend of $0.08 on an annualized basis and a yield of 1.12%. The ex-date of this dividend is Monday, July 18. Sandstorm Gold’s payout ratio is 7.46%.

Analyst upgrades and downgrades

Several equity analysts have recently commented on SSL stocks. Cormark restated a “buy” rating and published a target price of C$12.50 (vs. C$11.50) on Sandstorm Gold shares in a research report on Tuesday, May 3. Canaccord Genuity Group raised its target price on Sandstorm Gold shares from C$11.50 to C$12.50 in a Friday, April 22 research report. National Bankshares raised its price target on Sandstorm Gold shares from C$10.00 to C$12.50 in a Wednesday, April 20 research report. Finally, HC Wainwright reiterated a “buy” rating and set a price target of C$14.75 on Sandstorm Gold shares in a Wednesday, June 1 research report. Three equity research analysts gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a “moderate buy” consensus rating and an average price target of C$11.07.

Sandstorm Gold Company Profile

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Sandstorm Gold Ltd. operates as a gold royalty company. The Company is focused on acquiring royalties and contracts to purchase gold and other metals (streams) from companies that have late-stage development projects or operating mines. It offers upfront payments to companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine’s production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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Insider buying and selling by quarter for Sandstorm Gold (TSE:SSL)

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