Sprott Inc. (SII) Earns “Hold” Rating from TD Securities

TD Securities reiterated their hold rating on shares of Sprott Inc. (TSE:SII) in a research report report published on Tuesday morning. The brokerage currently has a C$2.50 price objective on the stock.

SII has been the topic of several other reports. Royal Bank of Canada restated a sector perform rating and issued a C$2.50 price objective on shares of Sprott in a report on Tuesday, April 11th. Canaccord Genuity lowered shares of Sprott from a buy rating to a hold rating and reduced their price objective for the company from C$2.75 to C$2.50 in a report on Thursday, January 12th. Finally, BMO Capital Markets restated a market perform rating and issued a C$2.25 price objective on shares of Sprott in a report on Friday, March 31st. Seven research analysts have rated the stock with a hold rating, Sprott has an average rating of Hold and an average price target of C$2.50.

Analyst Recommendations for Sprott (TSE:SII)

Shares of Sprott (TSE:SII) opened at 2.23 on Tuesday. The stock has a 50 day moving average of $2.28 and a 200 day moving average of $2.34. The stock has a market cap of $542.31 million and a P/E ratio of 17.15. Sprott has a 52 week low of $1.97 and a 52 week high of $2.79.

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The firm also recently declared a quarterly dividend, which was paid on Monday, March 27th. Shareholders of record on Monday, March 27th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $0.12 dividend on an annualized basis and a yield of 5.38%.

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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