Shares of Sprott Inc. (TSE:SII - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$95.85 and last traded at C$95.53, with a volume of 18688 shares trading hands. The stock had previously closed at C$94.63.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on SII. 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 note on Thursday, May 8th. BMO Capital Markets lifted their price objective on Sprott from C$80.00 to C$94.00 in a research report on Thursday, June 26th.
Check Out Our Latest Analysis on SII
Sprott Stock Up 1.2%
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 market cap of C$1.71 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The firm has a 50 day moving average price of C$82.46 and a 200-day moving average price of C$69.55.
Sprott Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors 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 1.25%. Sprott's dividend payout ratio is presently 52.61%.
Sprott Company Profile
(
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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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