Sprott (TSE:SII) Reaches New 12-Month High at $55.91

Sprott Inc. (TSE:SII - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$55.91 and last traded at C$55.55, with a volume of 11300 shares traded. The stock had previously closed at C$55.22.

Analysts Set New Price Targets

SII has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on Sprott from C$51.00 to C$54.00 and gave the company a "sector perform" rating in a research note on Thursday, February 22nd. TD Securities reduced their target price on Sprott from C$58.00 to C$57.00 and set a "hold" rating on the stock in a research note on Thursday, February 22nd.

Sprott Trading Up 1.0 %

The company has a current ratio of 2.10, a quick ratio of 2.89 and a debt-to-equity ratio of 7.96. The business has a 50 day moving average of C$50.10 and a 200-day moving average of C$45.55. The stock has a market cap of C$1.44 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of -3.34 and a beta of 1.43.

Sprott (TSE:SII - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$49.93 million for the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%. On average, analysts anticipate that Sprott Inc. will post 2.9994451 EPS for the current year.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were issued a $0.336 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Sprott's previous quarterly dividend of $0.25. This represents a $1.34 annualized dividend and a yield of 2.41%. Sprott's payout ratio is 62.21%.

About Sprott

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.