Sprott (TSE:SII – Free Report) had its price target hoisted by TD Securities from C$55.00 to C$58.00 in a research report sent to investors on Thursday, BayStreet.CA reports.
Separately, Royal Bank of Canada upped their price objective on shares of Sprott from C$51.00 to C$54.00 and gave the company a sector perform rating in a research note on Thursday, February 22nd.
View Our Latest Stock Analysis on Sprott
Sprott Stock Performance
Sprott (TSE:SII – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 EPS for the quarter. The company had revenue of C$49.93 million during the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%. Equities research analysts predict that Sprott will post 2.9233596 earnings per share for the current fiscal year.
Sprott Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were given a $0.336 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.34 dividend on an annualized basis and a yield of 2.46%. This is an increase from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio (DPR) is presently 61.64%.
Sprott Company Profile
Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.
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