Sandstorm Gold Ltd (TSE:SSL) Director Sells C$581,000.00 in Stock

Sandstorm Gold Ltd (TSE:SSL) Director David Awram sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of C$11.62, for a total transaction of C$581,000.00. Following the completion of the sale, the director now owns 483,440 shares of the company’s stock, valued at approximately C$5,617,572.80.

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

  • On Monday, June 22nd, David Awram sold 38,800 shares of Sandstorm Gold stock. The stock was sold at an average price of C$12.35, for a total transaction of C$479,180.00.

TSE SSL traded up C$0.36 during midday trading on Tuesday, hitting C$12.73. The company had a trading volume of 774,735 shares, compared to its average volume of 809,095. 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 stock has a market cap of $2.35 billion and a price-to-earnings ratio of 636.50. The firm has a fifty day simple moving average of C$11.46 and a two-hundred day simple moving average of C$9.43. Sandstorm Gold Ltd has a fifty-two week low of C$4.64 and a fifty-two week high of C$12.82.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.05). The business had revenue of C$28.64 million for the quarter, compared to the consensus estimate of C$34.32 million. As a group, equities analysts predict that Sandstorm Gold Ltd will post 0.15 earnings per share for the current year.

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

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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