FY2021 EPS Estimates for Sprott Inc. Lowered by Desjardins (TSE:SII)

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Sprott Inc. (TSE:SII) – Investment analysts at Desjardins reduced their FY2021 earnings estimates for Sprott in a research report issued to clients and investors on Monday, March 23rd. Desjardins analyst G. Ho now expects that the company will post earnings per share of $0.14 for the year, down from their prior estimate of $0.16.

Sprott (TSE:SII) last posted its quarterly earnings results on Friday, February 28th. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). The company had revenue of C$22.10 million during the quarter.

A number of other research firms have also recently commented on SII. TD Securities reduced their price target on Sprott from C$3.25 to C$3.00 and set a “hold” rating for the company in a report on Tuesday, March 3rd. Royal Bank of Canada upgraded Sprott from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$3.00 to C$3.50 in a report on Monday, January 20th.

Sprott stock opened at C$2.38 on Thursday. Sprott has a 52 week low of C$1.90 and a 52 week high of C$3.99. The company has a debt-to-equity ratio of 7.20, a quick ratio of 2.34 and a current ratio of 2.71. The stock has a market capitalization of $586.02 million and a P/E ratio of 47.60. The stock has a 50-day simple moving average of C$2.77 and a 200 day simple moving average of C$2.99.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Friday, March 6th. Sprott’s dividend payout ratio is presently 240.00%.

About Sprott

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.

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