Sprott (TSE:SII) Price Target Raised to C$207.00

Sprott (TSE:SII) had its target price hoisted by RBC Dominion Securities from C$204.00 to C$207.00 in a research report sent to investors on Thursday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on SII. BMO Capital Markets reduced their price target on Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. TD increased their price objective on Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Canaccord Genuity Group lowered their price objective on Sprott from C$230.00 to C$183.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada lowered their price objective on Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$190.67.

Sprott Stock Performance

Shares of TSE:SII opened at C$152.37 on Thursday. Sprott has a 52-week low of C$109.90 and a 52-week high of C$230.43. The firm has a market capitalization of C$3.92 billion, a P/E ratio of 37.35, a P/E/G ratio of -3.34 and a beta of 1.72. The stock has a 50 day moving average price of C$173.12 and a 200-day moving average price of C$172.98.

Sprott (TSE:SII) last released its earnings results on Wednesday, August 5th. The company reported C$1.89 EPS for the quarter. Sprott had a return on equity of 28.39% and a net margin of 26.68%. The company had revenue of C$113.98 million during the quarter. On average, equities analysts forecast that Sprott will post 3.22 EPS for the current fiscal 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 paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Sprott’s payout ratio is presently 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).