Sprott Inc. Declares Quarterly Dividend of $0.30 (TSE:SII)

Sprott Inc. (TSE:SII - Get Free Report) declared a quarterly dividend on Tuesday, May 20th, TickerTech Dividends reports. Shareholders of record on Wednesday, June 4th will be paid a dividend of 0.30 per share on Wednesday, June 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, May 20th.

Sprott Stock Performance

TSE SII traded up C$1.62 during trading hours on Friday, hitting C$79.38. The company's stock had a trading volume of 22,539 shares, compared to its average volume of 45,509. The company's 50 day simple moving average is C$69.05 and its two-hundred day simple moving average is C$63.96. Sprott has a 12 month low of C$52.20 and a 12 month high of C$80.04. The company has a market cap of C$1.42 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89.

Sprott (TSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. As a group, sell-side analysts expect that Sprott will post 3.2178828 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Securities upped their price target on shares of Sprott from C$79.00 to C$84.00 and gave the company a "buy" rating in a report on Thursday, May 8th. BMO Capital Markets raised their price target on Sprott from C$75.00 to C$76.00 in a research note on Friday, April 4th. Finally, Canaccord Genuity Group upped their price objective on Sprott from C$67.00 to C$71.00 and gave the company a "buy" rating in a research report on Thursday, February 27th.

About Sprott

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company's branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.