Sandstorm Gold Ltd. (TSE:SSL) Director Nolan Allan Watson Purchases 27,200 Shares of Stock

Sandstorm Gold Ltd. (TSE:SSL) Director Nolan Allan Watson purchased 27,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was acquired at an average price of C$7.33 per share, with a total value of C$199,376.00.

Nolan Allan Watson also recently made the following trade(s):

• On Tuesday, March 12th, Nolan Allan Watson acquired 7,800 shares of Sandstorm Gold stock. The stock was acquired at an average cost of C$6.39 per share, with a total value of C$49,826.40.

Sandstorm Gold Price Performance

Shares of TSE SSL opened at C$7.25 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 3.32 and a debt-to-equity ratio of 29.92. Sandstorm Gold Ltd. has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.38. The business has a 50 day moving average price of C$6.46 and a two-hundred day moving average price of C$6.46. The firm has a market cap of C$2.16 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.08. The business had revenue of C$60.59 million during the quarter, compared to the consensus estimate of C$62.51 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.95%. Sell-side analysts expect that Sandstorm Gold Ltd. will post 0.0946201 earnings per share for the current fiscal year.

Sandstorm Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, April 15th. Sandstorm Gold’s dividend payout ratio is presently 42.11%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Securities decreased their price target on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. CIBC lifted their price target on shares of Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday.

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.