Shares of Sprott Inc. (TSE:SII – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$190.67.
A number of equities analysts have weighed in on the stock. TD upped their price objective on shares of Sprott from C$170.00 to C$175.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Royal Bank Of Canada lowered their target price 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 Sprott from C$204.00 to C$207.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets cut their price target on Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Canaccord Genuity Group cut their price target on 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.
View Our Latest Stock Analysis on Sprott
Sprott Stock Performance
Shares of SII stock traded up C$2.68 on Thursday, hitting C$159.89. The stock had a trading volume of 25,472 shares, compared to its average volume of 79,107. The stock’s 50 day moving average is C$173.31 and its 200-day moving average is C$173.33. The firm has a market capitalization of C$4.11 billion, a price-to-earnings ratio of 39.19, a P/E/G ratio of -3.34 and a beta of 1.72. Sprott has a 52-week low of C$109.90 and a 52-week high of C$230.43.
Sprott (TSE:SII – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. Sprott had a net margin of 26.68% and a return on equity of 28.39%. The firm had revenue of C$113.98 million for the quarter. Equities analysts expect that Sprott will post 3.22 earnings per share for the current year.
Sprott Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.40 per share. The ex-dividend date was Monday, August 17th. This represents a $1.60 annualized dividend and a yield of 1.0%. Sprott’s payout ratio is currently 36.76%.
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).
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