Sprott (TSE:SII) Given New C$71.00 Price Target at TD Securities

Sprott (TSE:SII - Free Report) had its price objective lifted by TD Securities from C$70.00 to C$71.00 in a research report report published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Canaccord Genuity Group boosted their target price on Sprott from C$67.00 to C$71.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th.

Sprott Stock Performance

Shares of SII traded down C$0.44 during mid-day trading on Friday, hitting C$60.28. 43,390 shares of the company's stock were exchanged, compared to its average volume of 26,842. Sprott has a fifty-two week low of C$46.59 and a fifty-two week high of C$66.31. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The business's 50 day moving average is C$61.28 and its two-hundred day moving average is C$60.19. The firm has a market capitalization of C$1.08 billion, a P/E ratio of 23.49, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. On average, equities analysts expect that Sprott will post 3.2178828 earnings per share for the current year.

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Sprott Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Monday, March 10th. Sprott's payout ratio is currently 52.61%.

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.