Sprott (TSE:SII – Free Report) had its price objective hoisted by TD Securities from C$55.00 to C$58.00 in a research note released on Thursday morning, BayStreet.CA reports.
Separately, Royal Bank of Canada raised their target price on shares of Sprott from C$51.00 to C$54.00 and gave the stock a sector perform rating in a report on Thursday, February 22nd.
Get Our Latest Stock Report on SII
Sprott Trading Up 0.1 %
Sprott (TSE:SII – Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. The firm had revenue of C$49.93 million during the quarter. On average, analysts forecast that Sprott will post 2.9233596 earnings per share for the current year.
Sprott Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were issued a dividend of $0.336 per share. This represents a $1.34 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, March 1st. This is a boost from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio (DPR) is 61.64%.
Sprott Company Profile
Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.
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