Sprott (TSE:SII – Free Report) had its price objective hoisted by Royal Bank of Canada from C$54.00 to C$59.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Separately, TD Securities boosted their target price on Sprott from C$55.00 to C$58.00 in a research report on Thursday, April 25th.
Get Our Latest Stock Report on SII
Sprott Price Performance
Sprott (TSE:SII – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.52 EPS for the quarter. The firm had revenue of C$49.93 million during the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. As a group, sell-side analysts predict that Sprott will post 2.9233596 earnings per share for the current fiscal year.
Sprott Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were given a dividend of $0.336 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Sprott’s previous quarterly dividend of $0.25. This represents a $1.34 annualized dividend and a yield of 2.43%. Sprott’s payout ratio is presently 61.64%.
Sprott Company Profile
Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.
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