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Sprott (TSE:SII)‘s stock had its “underperform” rating reaffirmed by stock analysts at CIBC in a report issued on Friday. They currently have a C$2.75 target price on the stock, down from their previous target price of C$3.00. CIBC’s price target suggests a potential downside of 7.09% from the company’s current price.

Sprott (TSE:SII) traded down 0.34% on Friday, hitting $2.95. 16,460 shares of the company’s stock traded hands. Sprott has a one year low of $2.38 and a one year high of $3.85. The stock’s 50-day moving average is $3.00 and its 200-day moving average is $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 earnings per share for the quarter, missing the analysts’ 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 announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Thursday, August 14th.

A number of other firms have also recently commented on SII. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Sprott in a research note on Friday. They now have a C$3.25 price target on the stock, down previously from C$3.50. 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of C$3.33.

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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