Canaccord Genuity Group set a C$67.00 price objective on Sprott (TSE:SII – Free 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
Sprott (TSE:SII – Get 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
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.
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