Sprott (TSE:SII) PT Set at C$67.00 by Canaccord Genuity Group

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

Separately, TD Securities reduced their price objective on shares of 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 Performance

SII opened at C$61.14 on Monday. 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. The business’s fifty day moving average is C$60.95 and its 200-day moving average is C$59.71. Sprott has a 52-week low of C$46.59 and a 52-week high of C$66.31. The company has a debt-to-equity ratio of 9.19, a quick ratio of 2.89 and a current ratio of 3.02.

Sprott Increases Dividend

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