Sprott (TSE:SII) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Sprott (TSE:SII) to a strong-buy rating in a report published on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on SII. TD Securities increased their price objective on shares of Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Canaccord Genuity Group increased their price objective on shares of Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Sprott Trading Up 4.1 %

TSE SII opened at C$64.07 on Thursday. The firm has a 50 day moving average of C$61.36 and a two-hundred day moving average of C$60.34. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of C$1.15 billion, a PE ratio of 24.97, 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 (TSE:SII) last announced its quarterly earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share (EPS) for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. As a group, research analysts expect that Sprott will post 3.2178828 EPS for the current fiscal year.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.87%. Sprott’s dividend payout ratio is currently 52.61%.

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.