Royal Bank Of Canada Issues Positive Forecast for Sprott (TSE:SII) Stock Price

Sprott (TSE:SII) had its price target lifted by Royal Bank Of Canada from C$218.00 to C$230.00 in a research note published on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on SII. Canaccord Genuity Group increased their target price on Sprott from C$130.00 to C$200.00 and gave the company a “buy” rating in a research note on Friday, February 20th. BMO Capital Markets increased their target price on Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Finally, TD Securities increased their target price on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$211.00.

Sprott Stock Down 6.3%

Shares of TSE:SII opened at C$194.53 on Thursday. The company has a market capitalization of C$5.02 billion, a price-to-earnings ratio of 74.53, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56. The company has a 50 day moving average of C$199.13 and a two-hundred day moving average of C$162.53. Sprott has a 52-week low of C$73.46 and a 52-week high of C$230.43.

Sprott (TSE:SII) last released its earnings results on Wednesday, May 6th. The company reported C$1.57 EPS for the quarter. The company had revenue of C$198.75 million during the quarter. Sprott had a return on equity of 24.78% and a net margin of 22.41%. On average, equities analysts anticipate that Sprott will post 3.2178828 earnings per share for the current year.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 0.8%. Sprott’s dividend payout ratio (DPR) is 49.81%.

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.