Sprott (TSE:SII – Free Report) had its price target increased by Royal Bank of Canada from C$54.00 to C$59.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Separately, TD Securities upped their price target on shares of Sprott from C$55.00 to C$58.00 in a research report on Thursday, April 25th.
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Sprott Stock Up 2.7 %
Sprott (TSE:SII – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. The business had revenue of C$49.93 million for the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. Equities research analysts predict that Sprott will post 2.9233596 earnings per share for the current fiscal year.
Sprott Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were given a dividend of $0.336 per share. This is an increase from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 1st. This represents a $1.34 annualized dividend and a yield of 2.42%. Sprott’s dividend payout ratio is 61.64%.
About Sprott
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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