BMO Capital Markets Issues Positive Forecast for Sprott (TSE:SII) Stock Price

Sprott (TSE:SII) had its price target upped by BMO Capital Markets from C$98.00 to C$109.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, TD Securities cut shares of Sprott from a “buy” rating to a “hold” rating and boosted their target price for the company from C$84.00 to C$100.00 in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$93.33.

Sprott Price Performance

SII opened at C$99.28 on Thursday. The firm has a market cap of C$2.56 billion, a P/E ratio of 51.18, a PEG ratio of -3.34 and a beta of 1.06. The firm has a 50-day moving average of C$94.05 and a 200 day moving average of C$81.67. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. Sprott has a fifty-two week low of C$55.88 and a fifty-two week high of C$105.59.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. Sprott’s dividend payout ratio (DPR) is presently 59.28%.

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.