Sandstorm Gold Ltd (SSL) Director Nolan Allan Watson Sells 373,500 Shares

Sandstorm Gold Ltd (TSE:SSL) Director Nolan Allan Watson sold 373,500 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$7.00, for a total value of C$2,614,500.00. Following the transaction, the director now directly owns 707,790 shares in the company, valued at C$4,954,530.

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

  • On Wednesday, May 15th, Nolan Allan Watson sold 26,500 shares of Sandstorm Gold stock. The stock was sold at an average price of C$7.01, for a total value of C$185,765.00.

SSL traded up C$0.08 during midday trading on Friday, reaching C$7.02. 855,480 shares of the company were exchanged, compared to its average volume of 551,553. The company has a debt-to-equity ratio of 8.34, a quick ratio of 4.86 and a current ratio of 5.54. The firm has a market capitalization of $1.24 billion and a P/E ratio of 184.74. Sandstorm Gold Ltd has a one year low of C$4.60 and a one year high of C$7.84.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings data on Tuesday, February 19th. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The business had revenue of C$23.08 million during the quarter, compared to analysts’ expectations of C$22.60 million. On average, equities analysts forecast that Sandstorm Gold Ltd will post 0.1 earnings per share for the current year.

A number of research analysts recently weighed in on the company. Canaccord Genuity dropped their price target on Sandstorm Gold from C$9.50 to C$9.00 in a research note on Tuesday, April 23rd. National Bank Financial upped their price target on Sandstorm Gold from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Wednesday, February 20th. CIBC upped their price target on Sandstorm Gold from C$7.00 to C$8.00 in a research note on Thursday, February 21st. Finally, Royal Bank of Canada boosted their price objective on Sandstorm Gold from C$7.50 to C$8.50 and gave the stock an “outperform” rating in a report on Wednesday, February 13th.

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Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold 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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