Sprott (TSE:SII) Given New C$94.00 Price Target at BMO Capital Markets

Sprott (TSE:SII) had its price objective lifted by BMO Capital Markets from C$80.00 to C$94.00 in a research note published on Thursday morning,BayStreet.CA reports.

SII has been the topic of a number of other reports. Canaccord Genuity Group upped their price objective on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. TD Securities increased their price target on Sprott from C$79.00 to C$84.00 and gave the stock a “buy” rating in a report on Thursday, May 8th.

Sprott Trading Down 0.7%

Shares of SII stock opened at C$92.32 on Thursday. Sprott has a 1 year low of C$52.20 and a 1 year high of C$93.44. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89. The stock’s 50 day simple moving average is C$79.97 and its two-hundred day simple moving average is C$68.16. The company has a market cap of C$1.65 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.30%. Sprott’s payout ratio is 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.