Sprott (TSE:SII – Free Report) had its target price raised by TD Securities from C$55.00 to C$58.00 in a report released on Thursday morning, BayStreet.CA reports.
Separately, Royal Bank of Canada lifted their price target on shares of Sprott from C$51.00 to C$54.00 and gave the stock a sector perform rating in a research note on Thursday, February 22nd.
Read Our Latest Report on Sprott
Sprott Trading Up 0.1 %
Sprott (TSE:SII – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. The company had revenue of C$49.93 million during the quarter. Equities research analysts predict that Sprott will post 2.9233596 EPS for the current fiscal year.
Sprott Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were given a $0.336 dividend. This is an increase from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.34 annualized dividend and a yield of 2.46%. Sprott’s dividend payout ratio is 61.64%.
Sprott Company Profile
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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