Sprott (TSE:SII) Given New C$76.00 Price Target at BMO Capital Markets

Sprott (TSE:SII) had its target price boosted by BMO Capital Markets from C$75.00 to C$76.00 in a research note published on Friday morning,BayStreet.CA reports.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group lifted their target price on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. TD Securities increased their price objective on shares of Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a report on Friday, February 28th.

Sprott Trading Down 5.5 %

Sprott stock opened at C$57.89 on Friday. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. Sprott has a 12-month low of C$52.20 and a 12-month high of C$66.31. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of -3.34 and a beta of 1.45. The firm has a 50 day moving average of C$62.17 and a 200 day moving average of C$61.38.

Sprott (TSE:SII) last released its earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. As a group, research analysts predict that Sprott will post 3.2178828 earnings per share for the current year.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.07%. The ex-dividend date was Monday, March 10th. Sprott’s dividend payout ratio is presently 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.