Sprott (TSE:SII – Get Free Report) released its earnings results on Wednesday. The company reported C$1.22 earnings per share (EPS) for the quarter, FiscalAI reports. Sprott had a net margin of 26.68% and a return on equity of 28.39%. The company had revenue of C$106.95 million during the quarter.
Sprott Stock Up 6.9%
SII opened at C$157.46 on Thursday. The firm has a 50-day simple moving average of C$167.18 and a two-hundred day simple moving average of C$175.53. Sprott has a 52 week low of C$111.41 and a 52 week high of C$230.43. The company has a market capitalization of C$4.06 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of -3.34 and a beta of 1.72.
Sprott Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, December 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, November 16th. This is an increase from Sprott’s previous quarterly dividend of $0.40. Sprott’s dividend payout ratio is presently 36.76%.
Analyst Ratings Changes
Several equities analysts have weighed in on SII shares. RBC Dominion Securities lifted their price target on shares of Sprott from C$204.00 to C$207.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. TD increased their price objective on shares of Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. BMO Capital Markets decreased their price objective on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Royal Bank Of Canada lowered their target price on shares of Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Canaccord Genuity Group lowered their target price on shares of Sprott from C$230.00 to C$183.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Sprott currently has a consensus rating of “Moderate Buy” and an average price target of C$190.67.
Read Our Latest Report on Sprott
About Sprott
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).
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