Sprott (TSE:SII) Price Target Raised to C$210.00

Sprott (TSE:SII) had its target price increased by BMO Capital Markets from C$192.00 to C$210.00 in a report published on Monday morning,BayStreet.CA reports.

SII has been the topic of a number of other reports. Royal Bank Of Canada raised Sprott from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$186.00 to C$218.00 in a research note on Friday, February 20th. Canaccord Genuity Group lifted their price target on Sprott from C$130.00 to C$200.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, TD Securities upped their price target on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Sprott has a consensus rating of “Moderate Buy” and a consensus target price of C$202.00.

Sprott Stock Performance

Shares of TSE:SII opened at C$198.81 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.78 and a quick ratio of 2.89. The business’s 50 day moving average price is C$196.23 and its 200-day moving average price is C$155.71. The firm has a market capitalization of C$5.13 billion, a PE ratio of 76.17, a P/E/G ratio of -3.34 and a beta of 1.50. Sprott has a 1 year low of C$68.99 and a 1 year high of C$230.43.

Sprott (TSE:SII) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$1.49 earnings per share (EPS) for the quarter. The firm had revenue of C$143.61 million for the quarter. Sprott had a return on equity of 20.71% and a net margin of 24.67%. As a group, equities research analysts expect that Sprott will post 3.2178828 earnings per share for the current fiscal year.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 17th were given a $0.40 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Sprott’s dividend payout ratio is 49.81%.

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.