Sprott (TSE:SII) Sets New 12-Month High at $52.87

Sprott Inc. (TSE:SIIGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$52.87 and last traded at C$52.75, with a volume of 14627 shares trading hands. The stock had previously closed at C$51.18.

Analyst Ratings Changes

A number of brokerages have weighed in on SII. TD Securities reduced their price target on Sprott from C$58.00 to C$57.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. Royal Bank of Canada lifted their price objective on Sprott from C$51.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 22nd.

Check Out Our Latest Stock Report on SII

Sprott Stock Up 4.5 %

The company has a debt-to-equity ratio of 7.96, a current ratio of 2.10 and a quick ratio of 2.89. The business has a 50 day moving average price of C$49.52 and a 200 day moving average price of C$45.20. The firm has a market capitalization of C$1.38 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of -3.34 and a beta of 1.43.

Sprott (TSE:SIIGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 EPS for the quarter. The business had revenue of C$49.93 million for the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%. On average, analysts predict that Sprott Inc. will post 2.9084889 earnings per share for the current year.

Sprott Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were paid a dividend of $0.336 per share. This represents a $1.34 annualized dividend and a yield of 2.51%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 1st. Sprott’s payout ratio is currently 61.93%.

Sprott Company Profile

(Get Free Report)

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.

Further Reading

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