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Sprott (TSE:SII) Hits New 12-Month High - Here's Why

Sprott logo with Financial Services background

Sprott Inc. (TSE:SII - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$81.00 and last traded at C$79.70, with a volume of 38183 shares traded. The stock had previously closed at C$79.50.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SII. BMO Capital Markets boosted their price target on Sprott from C$75.00 to C$76.00 in a research report on Friday, April 4th. Canaccord Genuity Group boosted their price target 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. Finally, TD Securities boosted their price target on Sprott from C$79.00 to C$84.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

View Our Latest Analysis on Sprott

Sprott Trading Down 1.3%

The business has a fifty day simple moving average of C$70.99 and a 200 day simple moving average of C$64.80. The stock has a market cap of C$1.42 billion, a price-to-earnings ratio of 30.87, a PEG 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.

Sprott (TSE:SII - Get Free Report) last announced its earnings results 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%. As a group, equities analysts anticipate that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, May 20th. Sprott's dividend payout ratio (DPR) is 52.61%.

Sprott Company Profile

(Get Free Report)

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.

See Also

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