Sprott (TSE:SII) Price Target Raised to C$175.00

Sprott (TSE:SII) had its price objective hoisted by TD from C$170.00 to C$175.00 in a report issued on Thursday,BayStreet.CA reports. TD currently has a hold rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. BMO Capital Markets cut their price objective on Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reduced their price objective on Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sprott presently has a consensus rating of “Moderate Buy” and an average price target of C$187.40.

Sprott Stock Performance

Shares of SII opened at C$164.20 on Thursday. The company has a market capitalization of C$4.23 billion, a PE ratio of 50.06, a PEG ratio of -3.34 and a beta of 1.57. The company’s 50 day moving average price is C$159.87 and its 200 day moving average price is C$178.83. Sprott has a 52 week low of C$85.84 and a 52 week high of C$230.43.

Sprott (TSE:SII) last released its earnings results on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. The company had revenue of C$113.98 million during the quarter. Sprott had a net margin of 22.40% and a return on equity of 23.54%. On average, equities analysts forecast that Sprott will post 3.2178828 earnings per share for the current fiscal year.

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.40 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Sprott’s payout ratio is 42.68%.

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.