Sprott Inc. (SII) PT Set at C$2.50 by Scotiabank
Sprott Inc. (TSE:SII) has been assigned a C$2.50 target price by research analysts at Scotiabank in a research note issued on Monday. The firm currently has a a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 14.16% from the company’s current price.
SII has been the topic of a number of other reports. TD Securities set a C$2.50 price objective on shares of Sprott and gave the company a “hold” rating in a research note on Monday. CIBC upgraded shares of Sprott from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$2.75 to C$3.50 in a research note on Monday, August 15th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of C$2.55.
Shares of Sprott (TSE:SII) opened at 2.19 on Monday. The stock has a 50 day moving average of $2.23 and a 200 day moving average of $2.45. The stock has a market cap of $548.86 million and a P/E ratio of 20.47. Sprott has a one year low of $1.67 and a one year high of $2.79.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Tuesday, December 6th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.48%.
Sprott Company Profile
Sprott Inc is an alternative asset management company. The Company has five segments: Sprott Asset Management LP (SAM), Global Companies, Sprott Resource Lending Corp. (SRLC), Consulting, and Corporate & Other. The SAM segment offers discretionary portfolio management, as well as asset management services to its branded Funds and Managed Accounts.
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