Sprott (TSE:SII) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of Sprott (TSE:SIIFree Report) from a hold rating to a buy rating in a research note released on Thursday morning, BayStreet.CA reports. The brokerage currently has C$66.00 target price on the stock, up from their previous target price of C$58.00.

Separately, Royal Bank of Canada lifted their price target on shares of Sprott from C$54.00 to C$59.00 and gave the stock a sector perform rating in a research report on Monday, April 29th.

Get Our Latest Research Report on SII

Sprott Price Performance

Shares of TSE SII traded up C$0.19 during midday trading on Thursday, reaching C$57.58. 41,252 shares of the company traded hands, compared to its average volume of 21,249. Sprott has a 12 month low of C$38.43 and a 12 month high of C$58.51. The firm has a market cap of C$1.49 billion, a PE ratio of 26.17, a PEG ratio of -3.34 and a beta of 1.43. The stock’s 50-day simple moving average is C$52.52 and its 200-day simple moving average is C$47.81. The company has a debt-to-equity ratio of 7.96, a quick ratio of 2.89 and a current ratio of 2.10.

Sprott (TSE:SIIGet Free Report) last posted its 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. As a group, equities analysts anticipate that Sprott will post 2.6029823 earnings per share for the current fiscal year.

Sprott Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, June 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. Sprott’s dividend payout ratio is currently 61.36%.

Sprott Company Profile

(Get Free Report)

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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