Sprott (TSE:SII) Price Target Lowered to C$195.00 at BMO Capital Markets

Sprott (TSE:SII) had its target price trimmed by BMO Capital Markets from C$210.00 to C$195.00 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on SII. Canaccord Genuity Group boosted their price target on Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Royal Bank Of Canada cut their price objective on Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, TD raised their price objective on Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$202.80.

Sprott Price Performance

Shares of SII opened at C$152.85 on Wednesday. The firm has a 50-day moving average of C$166.25 and a 200-day moving average of C$178.97. Sprott has a one year low of C$85.84 and a one year high of C$230.43. The company has a market cap of C$3.94 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of -3.34 and a beta of 1.58.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$1.57 earnings per share for the quarter. The company had revenue of C$198.75 million for the quarter. Sprott had a net margin of 22.40% and a return on equity of 23.54%. Analysts expect that Sprott will post 3.2178828 earnings per share for the current year.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, May 19th. Sprott’s dividend payout ratio (DPR) is currently 42.68%.

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.