Sprott Inc. to Issue Quarterly Dividend of $0.25 (TSE:SII)

Sprott Inc. (TSE:SII - Get Free Report) declared a quarterly dividend on Tuesday, May 7th, TickerTech reports. Investors of record on Tuesday, May 21st will be paid a dividend of 0.25 per share on Wednesday, June 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, May 17th.

Sprott Trading Up 2.9 %

Shares of TSE:SII traded up C$1.64 during trading on Thursday, reaching C$57.39. 49,590 shares of the stock were exchanged, compared to its average volume of 21,028. The company has a debt-to-equity ratio of 7.96, a quick ratio of 2.89 and a current ratio of 2.10. The firm has a market cap of C$1.48 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of -3.34 and a beta of 1.43. The firm's 50-day moving average price is C$52.22 and its 200 day moving average price is C$47.61. Sprott has a 12-month low of C$38.43 and a 12-month high of C$58.29.

Sprott (TSE:SII - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. The company had revenue of C$49.93 million during the quarter. On average, sell-side analysts anticipate that Sprott will post 2.6029823 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SII has been the topic of a number of research analyst reports. TD Securities raised Sprott from a "hold" rating to a "buy" rating and increased their target price for the stock from C$58.00 to C$66.00 in a report on Thursday. Royal Bank of Canada boosted their target price on shares of Sprott from C$54.00 to C$59.00 and gave the company a "sector perform" rating in a research note on Monday, April 29th.

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.