Sprott (TSE:SII) Price Target Raised to C$125.00

Sprott (TSE:SII) had its price target hoisted by TD Securities from C$100.00 to C$125.00 in a report released on Tuesday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Separately, BMO Capital Markets increased their price objective on Sprott from C$98.00 to C$109.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$106.33.

Sprott Trading Up 0.4%

Shares of SII stock opened at C$118.88 on Tuesday. The stock has a market capitalization of C$3.07 billion, a price-to-earnings ratio of 61.28, a PEG ratio of -3.34 and a beta of 1.22. The company’s fifty day simple moving average is C$109.18 and its two-hundred day simple moving average is C$94.52. Sprott has a 1 year low of C$56.05 and a 1 year high of C$125.65. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.40 per share. This is a positive change from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 17th. Sprott’s dividend payout ratio is 59.28%.

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.