Sprott (TSE:SII) Price Target Raised to C$210.00 at BMO Capital Markets

Sprott (TSE:SII) had its price target lifted by BMO Capital Markets from C$192.00 to C$210.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other brokerages have also issued reports on SII. Canaccord Genuity Group lifted their price target on shares of Sprott from C$130.00 to C$200.00 and gave the company a “buy” rating in a report on Friday, February 20th. TD Securities lifted their price target on shares of Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada raised shares of Sprott from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$186.00 to C$218.00 in a report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$202.00.

Sprott Price Performance

Shares of TSE:SII opened at C$202.50 on Monday. The stock has a market capitalization of C$5.22 billion, a PE ratio of 77.59, a PEG ratio of -3.34 and a beta of 1.50. The company has a current ratio of 1.78, a quick ratio of 2.89 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of C$194.76 and a 200-day moving average of C$154.75. Sprott has a 12 month low of C$64.80 and a 12 month high of C$230.43.

Sprott (TSE:SII) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$1.49 earnings per share (EPS) for the quarter. The company had revenue of C$143.61 million for the quarter. Sprott had a net margin of 24.67% and a return on equity of 20.71%. On average, equities research analysts predict that Sprott will post 3.2178828 EPS for the current fiscal year.

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, March 2nd. Sprott’s payout ratio is presently 49.81%.

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.