Sprott (TSE:SII) Sets New 12-Month High – Here’s What Happened

Sprott Inc. (TSE:SII) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$227.26 and last traded at C$225.36, with a volume of 91807 shares traded. The stock had previously closed at C$217.73.

Analyst Ratings Changes

SII has been the topic of several research reports. Canaccord Genuity Group lifted their price target on shares of Sprott from C$130.00 to C$200.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. BMO Capital Markets lifted their target price on shares of Sprott from C$162.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Royal Bank Of Canada raised shares of Sprott from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$186.00 to C$218.00 in a research note on Friday, February 20th. Finally, TD Securities raised their price objective on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$197.50.

Sprott Price Performance

The stock has a market cap of C$5.64 billion, a PE ratio of 83.76, a PEG ratio of -3.34 and a beta of 1.44. The business’s 50-day simple moving average is C$171.81 and its 200-day simple moving average is C$134.19. The company has a quick ratio of 2.89, a current ratio of 1.78 and a debt-to-equity ratio of 0.41.

Sprott (TSE:SII) last released its quarterly earnings results on Thursday, February 19th. The company reported C$1.49 EPS for the quarter. Sprott had a return on equity of 20.71% and a net margin of 24.67%.The business had revenue of C$143.61 million during the quarter. On average, research analysts expect that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. Sprott’s dividend payout ratio (DPR) is presently 49.81%.

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.