Sprott (TSE:SII) Sets New 12-Month High - Should You Buy?

Key Points

• Sprott Inc. shares reached a new 52-week high of C$125.11, closing at C$124.90, with 60,598 shares traded on the day.
• Analysts have set a consensus rating of "Moderate Buy" for Sprott, with an average target price of C$93.33, while some ratings range from "Buy" to "Hold."
• The company announced a quarterly dividend of $0.30 per share, resulting in an annualized yield of 1.0% and a payout ratio of 59.28%.

Shares of Sprott Inc. (TSE:SII - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$125.11 and last traded at C$124.90, with a volume of 60598 shares traded. The stock had previously closed at C$120.25.

Analysts Set New Price Targets

SII has been the topic of several research reports. BMO Capital Markets upped their target price on Sprott from C$98.00 to C$109.00 and gave the company an "outperform" rating in a report on Thursday, September 18th. TD Securities lowered Sprott from a "buy" rating to a "hold" rating and raised their price objective for the company from C$84.00 to C$100.00 in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Sprott presently has a consensus rating of "Moderate Buy" and an average target price of C$93.33.

Sprott Stock Up 2.8%

The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The business has a 50-day simple moving average of C$100.19 and a two-hundred day simple moving average of C$88.27. The company has a market cap of C$3.19 billion, a price-to-earnings ratio of 63.71, a PEG ratio of -3.34 and a beta of 1.18.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. Sprott's dividend payout ratio is 59.28%.

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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