Sprott (TSE:SII) Given a C$67.00 Price Target at Canaccord Genuity Group

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

Separately, TD Securities decreased their price objective on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a report on Thursday, November 7th.

Sprott Price Performance

Shares of TSE:SII opened at C$63.10 on Thursday. The stock has a market capitalization of C$1.60 billion, a P/E ratio of 28.81, a P/E/G ratio of -3.34 and a beta of 1.45. The business has a 50-day moving average of C$61.23 and a two-hundred day moving average of C$59.88. 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 9.19, a current ratio of 3.02 and a quick ratio of 2.89.

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

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.30 per share. The ex-dividend date was Monday, November 18th. This is a positive change from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.90%. Sprott’s payout ratio 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.