Sprott (TSE:SII) Sets New 52-Week High - Time to Buy?

Sprott Inc. (TSE:SII - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$105.05 and last traded at C$104.57, with a volume of 5806 shares. The stock had previously closed at C$103.49.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SII shares. BMO Capital Markets increased their target price on shares of Sprott from C$80.00 to C$94.00 in a report on Thursday, June 26th. TD Securities raised their target price on shares of Sprott from C$79.00 to C$84.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th.

Sprott Trading Down 0.2%

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 stock has a market cap of C$1.85 billion, a P/E ratio of 40.25, a PEG ratio of -3.34 and a beta of 1.45. The firm's 50-day simple moving average is C$87.46 and its 200 day simple moving average is C$72.16.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, May 20th. Sprott's payout ratio is 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.

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