Sandstorm Gold Ltd (TSE:SSL) Director Sells C$74,500.00 in Stock

Sandstorm Gold Ltd (TSE:SSL) Director David E. De Witt sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$7.45, for a total transaction of C$74,500.00. Following the sale, the director now owns 915,585 shares in the company, valued at approximately C$6,821,108.25.

TSE SSL opened at C$7.66 on Wednesday. Sandstorm Gold Ltd has a 12 month low of C$4.60 and a 12 month high of C$7.84. The company has a market cap of $1.31 billion and a PE ratio of 201.58. The business’s 50 day moving average price is C$7.15. The company has a debt-to-equity ratio of 8.34, a quick ratio of 4.86 and a current ratio of 5.54.

Sandstorm Gold (TSE:SSL) last released its earnings results on Tuesday, May 7th. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). The business had revenue of C$24.16 million for the quarter, compared to the consensus estimate of C$22.44 million. Sell-side analysts predict that Sandstorm Gold Ltd will post 0.09 earnings per share for the current fiscal year.

Separately, Canaccord Genuity decreased their target price on shares of Sandstorm Gold from C$9.50 to C$9.00 in a research note on Tuesday, April 23rd.

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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