Sprott Inc. (TSE:SII) Stock Has Average Price Target of C$190.67 According to Brokerages

Key Points

• Analyst sentiment is moderately positive: Four of six covering brokerages rate Sprott a buy, while two recommend holding; the average one-year price target is C$190.67.
• Several firms cut their price targets, though ratings remained positive: Canaccord lowered its target to C$183, BMO to C$195, and RBC to C$204.
• Sprott reported quarterly earnings of C$1.22 per share on C$106.95 million in revenue and raised its quarterly dividend from C$0.40 to C$0.50 per share.

Sprott Inc. (TSE:SII - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$190.67.

Several research analysts have commented on the company. BMO Capital Markets lowered their target price on Sprott from C$210.00 to C$195.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Canaccord Genuity Group dropped their target price on shares of Sprott from C$230.00 to C$183.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Royal Bank Of Canada reduced their price target on shares of Sprott from C$230.00 to C$204.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. RBC Dominion Securities lifted their price target on shares of Sprott from C$204.00 to C$207.00 and gave the company an "outperform" rating in a report on Thursday, October 15th. Finally, TD lifted their price target on shares of Sprott from C$170.00 to C$175.00 and gave the company a "hold" rating in a report on Thursday, August 6th.

Sprott Stock Performance

Sprott stock opened at C$161.11 on Monday. Sprott has a 52 week low of C$113.74 and a 52 week high of C$230.43. The stock has a market capitalization of C$4.14 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of -3.34 and a beta of 1.66. The stock has a fifty day moving average of C$165.97 and a 200-day moving average of C$175.46.

Sprott (TSE:SII - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported C$1.22 earnings per share for the quarter. The business had revenue of C$106.95 million for the quarter. Sprott had a return on equity of 29.76% and a net margin of 27.73%. On average, research analysts forecast that Sprott will post 3.22 earnings per share for the current year.

Sprott Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, December 1st will be given a $0.50 dividend. This is an increase from Sprott's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, November 16th. Sprott's dividend payout ratio (DPR) is 36.12%.

Sprott Company Profile

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the Company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).

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