Sprott (TSE:SII) Given a C$67.00 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$67.00 price objective on Sprott (TSE:SIIFree Report) in a research report released on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, TD Securities lowered their target price on Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Read Our Latest Analysis on SII

Sprott Price Performance

Shares of Sprott stock opened at C$62.69 on Monday. The company has a quick ratio of 2.89, a current ratio of 3.02 and a debt-to-equity ratio of 9.19. Sprott has a twelve month low of C$46.59 and a twelve month high of C$66.31. The business has a 50-day moving average price of C$61.06 and a 200 day moving average price of C$59.77. The firm has a market cap of C$1.59 billion, a PE ratio of 28.63, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SIIGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.67 EPS for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. Sell-side analysts predict that Sprott will post 3.2178828 earnings per share for the current fiscal year.

Sprott Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio is currently 61.64%.

Sprott Company Profile

(Get Free Report)

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company’s closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company’s branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.

Further Reading

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