Sprott (TSE:SII) Price Target Lowered to C$50.00 at TD Securities

Sprott (TSE:SIIGet Rating) had its price target reduced by TD Securities from C$58.00 to C$50.00 in a research report released on Wednesday, BayStreet.CA reports.

Separately, Royal Bank of Canada lowered their price objective on shares of Sprott from C$67.00 to C$63.00 and set a sector perform rating for the company in a research note on Monday, May 9th.

Sprott Stock Performance

TSE:SII opened at C$46.78 on Wednesday. The company has a fifty day moving average of C$46.33 and a 200-day moving average of C$51.64. The firm has a market capitalization of C$1.17 billion and a P/E ratio of 25.85. The company has a quick ratio of 2.58, a current ratio of 2.85 and a debt-to-equity ratio of 12.71. Sprott has a twelve month low of C$41.72 and a twelve month high of C$71.70.

Sprott (TSE:SIIGet Rating) last released its quarterly earnings data on Friday, May 6th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$40.89 million during the quarter. As a group, sell-side analysts anticipate that Sprott will post 2.3177671 EPS for the current year.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Monday, August 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. Sprott’s dividend payout ratio (DPR) is presently 55.25%.

Sprott Company Profile

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Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.

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