BMO Capital Markets Cuts Sprott (TSE:SII) Price Target to C$195.00

Sprott (TSE:SII) had its price objective decreased by BMO Capital Markets from C$210.00 to C$195.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the company. Canaccord Genuity Group boosted their target price on Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. TD raised their price target on Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reduced their price objective on shares of Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Sprott currently has an average rating of “Moderate Buy” and an average price target of C$202.80.

Sprott Stock Performance

Sprott stock opened at C$145.18 on Wednesday. The stock has a 50-day simple moving average of C$164.84 and a 200 day simple moving average of C$178.80. The stock has a market capitalization of C$3.74 billion, a P/E ratio of 44.26, a PEG ratio of -3.34 and a beta of 1.58. Sprott has a 52 week low of C$85.84 and a 52 week high of C$230.43.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$1.57 earnings per share (EPS) for the quarter. Sprott had a return on equity of 23.54% and a net margin of 22.40%.The firm had revenue of C$198.75 million for the quarter. Research analysts forecast that Sprott will post 3.2178828 earnings per share for the current year.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, May 19th. Sprott’s payout ratio is currently 42.68%.

Sprott Company Profile

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.