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

Key Points

• Analysts have a “Moderate Buy” consensus on Sprott, with four buy ratings and two holds; the average 12-month price target is C$190.67.
• Sprott shares recently traded at C$159.89, below the consensus target and their 50- and 200-day moving averages of roughly C$173, after targets from several brokerages were revised.
• The company reported quarterly revenue of C$113.98 million and EPS of C$1.89, while maintaining a quarterly dividend of $0.40 per share, equivalent to a 1.0% yield.

Sprott Inc. (TSE:SII - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$190.67.

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

Sprott Price Performance

Shares of SII stock traded up C$2.68 during trading hours on Thursday, hitting C$159.89. The stock had a trading volume of 25,472 shares, compared to its average volume of 79,107. The firm has a market capitalization of C$4.11 billion, a PE ratio of 39.19, a PEG ratio of -3.34 and a beta of 1.72. Sprott has a twelve month low of C$109.90 and a twelve month high of C$230.43. The stock's 50 day moving average is C$173.31 and its 200 day moving average is C$173.33.

Sprott (TSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. Sprott had a net margin of 26.68% and a return on equity of 28.39%. The company had revenue of C$113.98 million for the quarter. As a group, equities analysts predict that Sprott will post 3.22 earnings per share for the current year.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. Sprott's payout ratio is currently 36.76%.

About Sprott

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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