Sprott (TSE:SII) Sets New 12-Month High - Still a Buy?

Key Points

• Sprott Inc. (TSE:SII) reached a new 52-week high of C$121.80 during trading, closing slightly lower at C$121.54, with a trading volume of 48,905 shares.
• Analysts have mixed ratings on Sprott, with TD Securities downgrading the stock from "buy" to "hold" while BMO Capital Markets raised its price target from C$98.00 to C$109.00, suggesting a consensus rating of "Moderate Buy."
• Sprott announced a quarterly dividend of $0.30 per share, equating to an annualized dividend of $1.20 and a yield of 1.0%, with a payout ratio of 59.28%.

Sprott Inc. (TSE:SII - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$121.80 and last traded at C$121.54, with a volume of 48905 shares trading hands. The stock had previously closed at C$117.38.

Wall Street Analyst Weigh In

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

Sprott Price 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 business's fifty day moving average price is C$97.14 and its 200-day moving average price is C$86.13. The company has a market capitalization of C$3.11 billion, a P/E ratio of 62.13, a P/E/G ratio of -3.34 and a beta of 1.18.

Sprott Dividend Announcement

The firm also recently announced 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. This represents a $1.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 18th. Sprott's dividend payout ratio is currently 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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