Sprott Given Hold Rating at Canaccord Genuity (SII)
Sprott (TSE:SII)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity in a report issued on Friday. They currently have a C$3.25 price objective on the stock, down from their previous price objective of C$3.50. Canaccord Genuity’s price objective suggests a potential upside of 9.80% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities upgraded shares of Sprott from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. They now have a C$4.00 price target on the stock. Analysts at CIBC raised their price target on shares of Sprott from C$2.50 to C$3.00 in a research note on Tuesday, July 22nd. They now have an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$3.33.
Sprott (TSE:SII) traded down 0.34% on Friday, hitting $2.95. The stock had a trading volume of 16,460 shares. Sprott has a 52-week low of $2.38 and a 52-week high of $3.85. The stock has a 50-day moving average of $3.00 and a 200-day moving average of $3.22. The company’s market cap is $728.0 million.
Sprott (TSE:SII) last announced its earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 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 declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, August 14th.
Sprott Inc is an independent asset management company. The Company operates through four wholly owned subsidiaries, Sprott Asset Management LP (TSE:SII), Sprott Private Wealth LP (SPW), Sprott Consulting LP (SC) and Sprott U.
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