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

Canaccord Genuity Group set a C$67.00 price target on Sprott (TSE:SII) in a research note published on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, TD Securities lowered their target price on Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Sprott Stock Up 0.6 %

Shares of SII opened at C$61.14 on Monday. The firm’s 50-day simple moving average is C$60.95 and its 200 day simple moving average is C$59.71. The company has a debt-to-equity ratio of 9.19, a quick ratio of 2.89 and a current ratio of 3.02. The firm has a market cap of C$1.55 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. Sprott has a 52 week low of C$46.59 and a 52 week high of C$66.31.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, December 3rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, November 18th. Sprott’s dividend payout ratio (DPR) is currently 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.