Shares of Sprott Inc. (TSE:SII - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$78.59 and last traded at C$76.26, with a volume of 82832 shares traded. The stock had previously closed at C$76.38.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on SII shares. TD Securities lifted their price target on shares of Sprott from C$79.00 to C$84.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Canaccord Genuity Group lifted their target price 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. Finally, BMO Capital Markets lifted their target price on Sprott from C$75.00 to C$76.00 in a research note on Friday, April 4th.
View Our Latest Research Report on Sprott
Sprott Stock Down 0.2%
The stock has a 50 day moving average of C$67.00 and a 200-day moving average of C$63.32. The firm has a market capitalization of C$1.36 billion, a P/E ratio of 29.72, 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 quarterly earnings data on Wednesday, February 26th. The company reported C$0.46 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Research analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.
Sprott Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, May 20th. Sprott's payout ratio is presently 52.61%.
About Sprott
(
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.
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