TD Securities Issues Positive Forecast for Sprott (TSE:SII) Stock Price

Sprott (TSE:SII) had its target price lifted by TD Securities from C$130.00 to C$176.00 in a research note published on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

SII has been the topic of several other reports. Royal Bank Of Canada set a C$132.00 price target on shares of Sprott and gave the company a “sector perform” rating in a research note on Wednesday, December 10th. BMO Capital Markets boosted their price objective on shares of Sprott from C$109.00 to C$123.00 in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$125.50.

Sprott Price Performance

Sprott stock opened at C$180.84 on Friday. The company has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 92.27, a PEG ratio of -3.34 and a beta of 1.32. The stock’s 50 day moving average is C$137.99 and its 200-day moving average is C$115.91. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. Sprott has a 12 month low of C$56.05 and a 12 month high of C$182.11.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.51 EPS for the quarter. The firm had revenue of C$90.66 million for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Equities research analysts expect that Sprott will post 3.2178828 EPS for the current year.

Sprott Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were given a dividend of $0.40 per share. This is a positive change from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 17th. Sprott’s dividend payout ratio (DPR) is currently 61.22%.

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.