Sprott Inc. (SII) To Go Ex-Dividend on August 17th

Sprott Inc. (TSE:SII) announced a quarterly dividend on Monday, August 17th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.40 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 17th.

Sprott Trading Down 0.8%

SII stock opened at C$161.94 on Friday. Sprott has a 1-year low of C$85.84 and a 1-year high of C$230.43. The business’s 50 day simple moving average is C$158.34 and its 200 day simple moving average is C$178.50. The firm has a market capitalization of C$4.17 billion, a PE ratio of 39.69, a PEG ratio of -3.34 and a beta of 1.57.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 EPS for the quarter. The firm had revenue of C$113.98 million during the quarter. Sprott had a net margin of 26.68% and a return on equity of 28.39%. As a group, sell-side analysts predict that Sprott will post 3.2178828 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Canaccord Genuity Group lowered their price objective on Sprott from C$230.00 to C$183.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. TD increased their target price on Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Royal Bank Of Canada decreased their price target on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, BMO Capital Markets dropped their price target on Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$187.40.

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.