Sprott (TSE:SII) Reaches New 52-Week High at $52.87

Sprott Inc. (TSE:SII - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as C$52.87 and last traded at C$52.75, with a volume of 14627 shares traded. The stock had previously closed at C$51.18.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Securities lowered their price objective on shares of Sprott from C$58.00 to C$57.00 and set a "hold" rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada upped their price objective on shares of Sprott from C$51.00 to C$54.00 and gave the stock a "sector perform" rating in a report on Thursday, February 22nd.

Sprott Stock Up 4.5 %

The stock has a market capitalization of C$1.38 billion, a P/E ratio of 24.52, a P/E/G ratio of -3.34 and a beta of 1.43. The company's 50-day moving average price is C$49.62 and its 200 day moving average price is C$45.26. The company has a debt-to-equity ratio of 7.96, a quick ratio of 2.89 and a current ratio of 2.10.

Sprott (TSE:SII - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share for the quarter. The company had revenue of C$49.93 million during the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. As a group, equities analysts expect that Sprott Inc. will post 2.9084889 earnings per share for the current year.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were issued a $0.336 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.34 annualized dividend and a dividend yield of 2.51%. This is a positive change from Sprott's previous quarterly dividend of $0.25. Sprott's payout ratio is currently 61.93%.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.