Sprott Inc. (TSE:SII) Stock Has Average Target Price of C$190.67

Sprott Inc. (TSE:SII) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$190.67.

Several research firms have recently commented on SII. Royal Bank Of Canada reduced their target price on Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. BMO Capital Markets decreased their price target on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Canaccord Genuity Group dropped their price target on shares of Sprott from C$230.00 to C$183.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. TD upped their price target on shares of Sprott from C$170.00 to C$175.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Finally, RBC Dominion Securities upped their price target on shares of Sprott from C$204.00 to C$207.00 and gave the company an “outperform” rating in a report on Thursday, October 15th.

Sprott Trading Up 0.6%

Shares of SII opened at C$149.89 on Thursday. The firm has a market capitalization of C$3.87 billion, a P/E ratio of 36.74, a price-to-earnings-growth ratio of -3.34 and a beta of 1.72. The stock’s fifty day simple moving average is C$172.22 and its 200 day simple moving average is C$171.85. Sprott has a twelve month low of C$109.90 and a twelve month high of C$230.43.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 earnings per share for the quarter. Sprott had a return on equity of 28.39% and a net margin of 26.68%. The firm had revenue of C$113.98 million during the quarter. Sell-side analysts predict that Sprott will post 3.22 earnings per share for the current year.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, August 17th. Sprott’s dividend payout ratio (DPR) is currently 36.76%.

Sprott Company Profile

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the Company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).