David Awram Sells 50,000 Shares of Sandstorm Gold Ltd. (TSE:SSL) Stock

Sandstorm Gold Ltd. (TSE:SSL) Director David Awram sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$8.06, for a total transaction of C$403,000.00.

Sandstorm Gold Stock Down 1.1 %

Shares of SSL stock opened at C$8.00 on Friday. The company’s fifty day simple moving average is C$8.16 and its two-hundred day simple moving average is C$7.87. Sandstorm Gold Ltd. has a 52 week low of C$5.36 and a 52 week high of C$8.98. The stock has a market cap of C$2.38 billion, a P/E ratio of 57.14, a PEG ratio of 0.90 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 26.63.

Sandstorm Gold (TSE:SSL) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. The firm had revenue of C$60.98 million for the quarter, compared to the consensus estimate of C$61.69 million. Analysts predict that Sandstorm Gold Ltd. will post 0.230835 EPS for the current fiscal year.

Sandstorm Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

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

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.