Sprott (TSE:SII) Price Target Raised to C$84.00

Sprott (TSE:SII) had its price target increased by TD Securities from C$79.00 to C$84.00 in a research report sent to investors on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms also recently weighed in on SII. BMO Capital Markets boosted their target price on shares of Sprott from C$75.00 to C$76.00 in a research report on Friday, April 4th. Canaccord Genuity Group boosted their price objective on shares of Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a report on Thursday, February 27th.

Sprott Stock Performance

Shares of SII opened at C$77.08 on Thursday. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The firm has a market cap of C$1.38 billion, a PE ratio of 30.04, a P/E/G ratio of -3.34 and a beta of 1.45. Sprott has a 12 month low of C$52.20 and a 12 month high of C$77.86. The stock has a fifty day moving average price of C$66.16 and a 200-day moving average price of C$63.09.

Sprott (TSE:SII) last released its quarterly earnings results on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Equities research analysts predict that Sprott will post 3.2178828 earnings per share for the current fiscal year.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.20 annualized dividend and a yield of 1.56%. Sprott’s dividend payout ratio (DPR) is presently 52.61%.

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.