Sprott (TSE:SII) Hits New 52-Week High - Here's What Happened

Shares of Sprott Inc. (TSE:SII - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$73.62 and last traded at C$73.10, with a volume of 4469 shares traded. The stock had previously closed at C$72.90.

Analyst Upgrades and Downgrades

SII has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their price target on Sprott from C$67.00 to C$71.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. BMO Capital Markets boosted their target price on shares of Sprott from C$75.00 to C$76.00 in a report on Friday, April 4th. Finally, TD Securities increased their price target on shares of Sprott from C$70.00 to C$71.00 and gave the stock a "buy" rating in a research note on Friday, February 28th.

Sprott Price Performance

The firm has a market cap of C$1.30 billion, a price-to-earnings ratio of 28.24, 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 quick ratio of 2.89 and a current ratio of 3.30. The company's fifty day moving average is C$63.79 and its two-hundred day moving average is C$62.29.

Sprott (TSE:SII - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Equities research analysts forecast that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.66%. Sprott's dividend payout ratio is currently 52.61%.

Sprott Company Profile

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.