Sprott Inc. (SII) Forecasted to Earn FY2018 Earnings of $0.15 Per Share
Sprott Inc. (TSE:SII) – Desjardins raised their FY2018 earnings estimates for shares of Sprott in a research note issued on Monday. Desjardins analyst G. Ho now expects that the company will post earnings of $0.15 per share for the year, up from their previous forecast of $0.11. Desjardins currently has a “Hold” rating on the stock.
Separately, TD Securities reduced their price objective on Sprott from C$2.75 to C$2.50 and set a “hold” rating for the company in a report on Monday, August 14th. Seven investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of C$2.54.
Sprott (SII) traded up 3.21% during mid-day trading on Wednesday, reaching $2.25. The company had a trading volume of 60,156 shares. Sprott has a one year low of $1.92 and a one year high of $2.69. The stock has a market capitalization of $522.86 million and a PE ratio of 29.61. The company’s 50-day moving average is $2.14 and its 200-day moving average is $2.26.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, September 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date was Thursday, August 17th.
Sprott Company Profile
Sprott Inc is an alternative asset management company. The Company has five segments: Sprott Asset Management LP (SAM), Global Companies, Sprott Resource Lending Corp. (SRLC), Consulting, and Corporate & Other. The SAM segment offers discretionary portfolio management, as well as asset management services to its branded Funds and Managed Accounts.
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