TD Securities Increases Sprott (TSE:SII) Price Target to C$71.00

Sprott (TSE:SII) had its target price hoisted by TD Securities from C$70.00 to C$71.00 in a research report report published on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Canaccord Genuity Group lifted their target price on Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a research report on Thursday.

Sprott Trading Up 0.8 %

SII stock opened at C$61.37 on Friday. The firm has a fifty day moving average price of C$61.27 and a 200 day moving average price of C$60.11. Sprott has a fifty-two week low of C$46.59 and a fifty-two week high of C$66.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The firm has a market cap of C$1.10 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last posted its earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. Sell-side analysts anticipate that Sprott will post 3.2178828 earnings per share for the current fiscal year.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.96%. Sprott’s dividend payout ratio (DPR) is presently 52.61%.

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.