Sprott (TSE:SII) Given a C$75.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a C$75.00 price objective on Sprott (TSE:SII) in a research note released on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently commented on SII. TD Securities increased their target price on Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Canaccord Genuity Group increased their target price on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.

Sprott Trading Up 4.1 %

SII stock opened at C$64.07 on Friday. Sprott has a 1-year low of C$46.59 and a 1-year high of C$66.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89. The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 24.97, a PEG ratio of -3.34 and a beta of 1.45. The business has a 50 day simple moving average of C$61.29 and a two-hundred day simple moving average of C$60.29.

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

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th will be given a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.87%. Sprott’s dividend payout ratio is presently 52.61%.

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.