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Investment analysts at Canaccord Genuity dropped their target price on shares of Sprott (TSE:SII) from C$3.75 to C$2.75 in a note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would indicate a potential downside of 14.60% from the stock’s previous close.

Shares of Sprott (TSE:SII) traded down 0.31% during mid-day trading on Thursday, hitting $3.22. 27,652 shares of the company’s stock traded hands. Sprott has a one year low of $2.21 and a one year high of $3.85. The stock’s 50-day moving average is $3.24 and its 200-day moving average is $3.08. The company’s market cap is $824.2 million.

Sprott (TSE:SII) last issued its quarterly earnings data on Friday, March 28th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01. On average, analysts predict that Sprott will post $0.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Wednesday, May 21st.

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