Sprott Inc. (SII.TO) – What Are Investment Firms Saying About This Stock?

Sprott Inc. (TSE:SII) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$190.67.

Several research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price objective on Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. RBC Dominion Securities lifted their target price on shares of Sprott from C$204.00 to C$207.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. TD boosted their target price on shares of Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Canaccord Genuity Group decreased their price target on shares of Sprott from C$230.00 to C$183.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, BMO Capital Markets dropped their price target on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd.

Sprott Price Performance

Shares of SII opened at C$161.11 on Monday. Sprott has a 12-month low of C$113.74 and a 12-month high of C$230.43. The business has a 50-day simple moving average of C$165.97 and a two-hundred day simple moving average of C$175.46. The stock has a market cap of C$4.14 billion, a PE ratio of 36.37, a PEG ratio of -3.34 and a beta of 1.66.

Sprott (TSE:SII) last announced its quarterly earnings results on Wednesday, November 4th. The company reported C$1.22 EPS for the quarter. The firm had revenue of C$106.95 million for the quarter. Sprott had a return on equity of 29.76% and a net margin of 27.73%. On average, equities research analysts expect that Sprott will post 3.22 EPS for the current year.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, December 1st will be paid a $0.50 dividend. This is a positive change from Sprott’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 16th. Sprott’s payout ratio is presently 36.12%.

Sprott Company Profile

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the Company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).