Canaccord Genuity Group Analysts Give Sprott (TSE:SII) a C$67.00 Price Target

Canaccord Genuity Group set a C$67.00 price objective on Sprott (TSE:SII) in a research report released on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, TD Securities dropped their price objective on Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Sprott Price Performance

TSE:SII opened at C$62.69 on Monday. The business’s 50-day moving average is C$61.06 and its 200 day moving average is C$59.77. The company has a current ratio of 3.02, a quick ratio of 2.89 and a debt-to-equity ratio of 9.19. Sprott has a 12 month low of C$46.59 and a 12 month high of C$66.31. The company has a market capitalization of C$1.59 billion, a P/E ratio of 28.63, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last released its earnings results on Wednesday, November 6th. The company reported C$0.67 EPS for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. On average, equities research analysts forecast that Sprott will post 3.2178828 earnings per share for the current fiscal year.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, December 3rd were paid a $0.30 dividend. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.91%. Sprott’s dividend payout ratio (DPR) is 61.64%.

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.