Sprott (TSE:SII) Price Target Raised to C$125.00 at TD Securities

Sprott (TSE:SII) had its target price raised by TD Securities from C$100.00 to C$125.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Separately, BMO Capital Markets lifted their price target on shares of Sprott from C$98.00 to C$109.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Sprott currently has a consensus rating of “Moderate Buy” and a consensus price target of C$101.67.

Sprott Stock Up 0.4%

Shares of Sprott stock opened at C$115.62 on Tuesday. 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 52-week low of C$56.05 and a 52-week high of C$125.65. The stock has a market capitalization of C$2.98 billion, a price-to-earnings ratio of 59.60, a P/E/G ratio of -3.34 and a beta of 1.22. The company’s 50 day moving average price is C$108.01 and its 200-day moving average price is C$94.18.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.4%. This is an increase from Sprott’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, November 17th. Sprott’s dividend payout ratio (DPR) is presently 59.28%.

About Sprott

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.