Sprott (TSE:SII) Sets New 12-Month High - What's Next?

Shares of Sprott Inc. (TSE:SII - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$90.77 and last traded at C$90.22, with a volume of 3515 shares traded. The stock had previously closed at C$89.92.

Analyst Ratings Changes

Several research firms have recently issued reports on SII. BMO Capital Markets increased their price objective on shares of Sprott from C$80.00 to C$94.00 in a report on Thursday. TD Securities increased 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. Finally, Canaccord Genuity Group boosted their price objective 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.

Sprott Price Performance

The firm has a market capitalization of C$1.65 billion, a P/E ratio of 35.98, a P/E/G ratio of -3.34 and a beta of 1.45. The business's fifty day moving average is C$79.97 and its 200 day moving average is C$68.16. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.30%. Sprott's dividend payout ratio (DPR) is presently 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.