David Awram Sells 38,800 Shares of Sandstorm Gold Ltd (TSE:SSL) Stock

Sandstorm Gold Ltd (TSE:SSL) Director David Awram sold 38,800 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$12.35, for a total transaction of C$479,180.00. Following the transaction, the director now owns 444,640 shares in the company, valued at approximately C$5,491,304.

David Awram also recently made the following trade(s):

  • On Friday, June 19th, David Awram sold 50,000 shares of Sandstorm Gold stock. The stock was sold at an average price of C$11.62, for a total value of C$581,000.00.

Shares of SSL traded up C$0.36 during mid-day trading on Tuesday, reaching C$12.73. The company’s stock had a trading volume of 774,735 shares, compared to its average volume of 809,095. The company has a market cap of $2.35 billion and a price-to-earnings ratio of 636.50. Sandstorm Gold Ltd has a 1 year low of C$4.64 and a 1 year high of C$12.82. The company has a quick ratio of 5.31, a current ratio of 6.02 and a debt-to-equity ratio of 10.26. The business has a fifty day moving average of C$11.46 and a 200 day moving average of C$9.43.

Sandstorm Gold (TSE:SSL) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.05). The business had revenue of C$28.64 million during the quarter, compared to analysts’ expectations of C$34.32 million. On average, analysts predict that Sandstorm Gold Ltd will post 0.15 earnings per share for the current year.

SSL has been the topic of several research analyst reports. TD Securities cut Sandstorm Gold from a “buy” rating to a “hold” rating and lifted their price target for the company from C$12.00 to C$13.50 in a research report on Friday, May 8th. National Bank Financial lifted their target price on Sandstorm Gold from C$11.25 to C$14.25 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. CIBC raised their price objective on shares of Sandstorm Gold from C$12.25 to C$14.00 in a research report on Monday, May 11th. Finally, Canaccord Genuity lifted their price target on shares of Sandstorm Gold from C$11.00 to C$13.00 in a research report on Wednesday, May 20th.

About Sandstorm Gold

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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