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

Sprott Inc. (TSE:SII) declared a quarterly dividend on Tuesday, May 7th, TickerTech reports. Stockholders 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 1.77%. The ex-dividend date is Friday, May 17th.

Sprott Stock Performance

Sprott stock traded up C$0.77 during midday trading on Thursday, hitting C$56.52. 23,211 shares of the company were exchanged, compared to its average volume of 20,735. Sprott has a fifty-two week low of C$38.43 and a fifty-two week high of C$58.29. The firm has a market capitalization of C$1.46 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of -3.34 and a beta of 1.43. The business has a fifty day simple moving average of C$52.22 and a two-hundred day simple moving average of C$47.61. 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) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 EPS for the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. The business had revenue of C$49.93 million for the quarter. On average, sell-side analysts forecast that Sprott will post 2.6029823 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SII. Royal Bank of Canada upped their price target on Sprott from C$54.00 to C$59.00 and gave the company a “sector perform” rating in a report on Monday, April 29th. TD Securities boosted their price target on shares of Sprott from C$55.00 to C$58.00 in a research report on Thursday, April 25th.

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.