Sprott Inc. (SII) PT Set at C$2.50 by TD Securities
Sprott Inc. (TSE:SII) has been given a C$2.50 price objective by equities researchers at TD Securities in a research note issued to investors on Monday. The firm presently has a a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 14.16% from the company’s current price.
A number of other research analysts also recently commented on SII. 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. Scotiabank reiterated a “sector perform” rating and set a C$2.50 price objective on shares of Sprott in a research note on Monday, August 15th. Five analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of C$2.55.
Shares of Sprott (TSE:SII) opened at 2.19 on Monday. The company’s 50-day moving average is $2.23 and its 200-day moving average is $2.45. Sprott has a 12-month low of $1.67 and a 12-month high of $2.79. The stock has a market cap of $548.86 million and a P/E ratio of 20.47.
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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