Sandstorm Gold Ltd (TSE:SSL) Director David Awram sold 50,000 shares of Sandstorm Gold stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$8.55, for a total value of C$427,500.00. Following the sale, the director now directly owns 478,440 shares in the company, valued at C$4,090,662.
TSE:SSL traded down C$0.34 during mid-day trading on Friday, reaching C$8.02. The stock had a trading volume of 268,577 shares, compared to its average volume of 541,322. The company has a market capitalization of $1.46 billion and a price-to-earnings ratio of 161.60. Sandstorm Gold Ltd has a 1-year low of C$4.60 and a 1-year high of C$9.21. The stock’s 50 day simple moving average is C$8.01 and its two-hundred day simple moving average is C$7.46. The company has a debt-to-equity ratio of 7.33, a current ratio of 6.13 and a quick ratio of 5.97.
A number of analysts have recently issued reports on SSL shares. CIBC lifted their target price on Sandstorm Gold from C$8.50 to C$9.25 in a research report on Wednesday. Raymond James lifted their target price on Sandstorm Gold from C$6.25 to C$6.75 and gave the stock an “outperform” rating in a research report on Wednesday. National Bank Financial lifted their target price on Sandstorm Gold from C$9.25 to C$10.50 and gave the stock an “outperform” rating in a research report on Tuesday. TD Securities lifted their target price on Sandstorm Gold from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Canaccord Genuity lifted their target price on Sandstorm Gold from C$9.50 to C$10.50 in a research report on Friday, July 19th.
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.
See Also: What is a Lock-Up Period?
Receive News & Ratings for Sandstorm Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandstorm Gold and related companies with MarketBeat.com's FREE daily email newsletter.