Canaccord Genuity Group Analysts Give Sprott (TSE:SII) a C$67.00 Price Target

Canaccord Genuity Group set a C$67.00 price target on Sprott (TSE:SII) in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, TD Securities lowered their price objective on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research report on Thursday, November 7th.

Sprott Stock Up 0.0 %

Shares of SII opened at C$63.11 on Thursday. The firm has a 50 day simple moving average of C$61.25 and a two-hundred day simple moving average of C$59.90. The company has a debt-to-equity ratio of 9.19, a current ratio of 3.02 and a quick ratio of 2.89. Sprott has a one year low of C$46.59 and a one year high of C$66.31. The company has a market cap of C$1.60 billion, a P/E ratio of 28.82, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.67 earnings per share for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. Research analysts forecast that Sprott will post 3.2178828 EPS for the current fiscal year.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, December 3rd were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 1.90%. Sprott’s dividend payout ratio (DPR) is currently 61.64%.

About Sprott

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.