Sprott (TSE:SII) Reaches New 12-Month High - What's Next?

Sprott Inc. (TSE:SII - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as C$93.51 and last traded at C$93.51, with a volume of 24557 shares. The stock had previously closed at C$91.99.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SII shares. TD Securities upped their target price 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. BMO Capital Markets raised their target price on shares of Sprott from C$80.00 to C$94.00 in a report on Thursday.

Sprott Stock Performance

The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The firm's fifty day moving average price is C$80.35 and its two-hundred day moving average price is C$68.41. The stock has a market capitalization of C$1.68 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.28%. Sprott's payout ratio is 52.61%.

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.

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