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

Canaccord Genuity Group set a C$67.00 price objective on Sprott (TSE:SII) in a report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, TD Securities reduced their target price on Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Sprott Stock Up 3.5 %

Shares of TSE SII opened at C$63.10 on Thursday. Sprott has a 52-week low of C$46.59 and a 52-week high of C$66.31. The company has a debt-to-equity ratio of 9.19, a quick ratio of 2.89 and a current ratio of 3.02. The business has a fifty day moving average of C$61.23 and a two-hundred day moving average of C$59.88. The stock has a market cap of C$1.60 billion, a PE ratio of 28.81, a PEG ratio of -3.34 and a beta of 1.45.

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

Sprott Increases Dividend

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