Canaccord Genuity Group set a C$67.00 target price on Sprott (TSE:SII - Free Report) in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.
Separately, TD Securities dropped 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 report on Thursday, November 7th.
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Sprott Trading Up 0.6 %
Sprott stock traded up C$0.37 during midday trading on Monday, reaching C$61.14. 4,521 shares of the stock traded hands, compared to its average volume of 19,838. The company has a current ratio of 3.02, a quick ratio of 2.89 and a debt-to-equity ratio of 9.19. The firm has a market cap of C$1.55 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The company has a 50-day simple moving average of C$60.95 and a two-hundred day simple moving average of C$59.71. Sprott has a 12-month low of C$46.59 and a 12-month high of C$66.31.
Sprott Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.30 per share. This is a boost from Sprott's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Monday, November 18th. Sprott's payout ratio is 61.64%.
About Sprott
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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.
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