Sprott (TSE:SII) Sets New 52-Week High - Here's Why

Shares of Sprott Inc. (TSE:SII - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$98.41 and last traded at C$98.41, with a volume of 3638 shares trading hands. The stock had previously closed at C$96.99.

Analysts Set New Price Targets

SII has been the subject of several research reports. TD Securities raised their target price on Sprott from C$79.00 to C$84.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. BMO Capital Markets upped their target price on Sprott from C$80.00 to C$94.00 in a report on Thursday, June 26th.

Sprott Stock Performance

The firm has a market capitalization of C$1.82 billion, a PE ratio of 39.60, a P/E/G 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. The firm has a fifty day moving average price of C$86.40 and a 200 day moving average price of C$71.43.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, May 20th. Sprott's dividend 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.