Sprott (TSE:SII) Hits New 1-Year High – What’s Next?

Shares of Sprott Inc. (TSE:SII) hit a new 52-week high during trading on Monday . The company traded as high as C$90.77 and last traded at C$90.22, with a volume of 3515 shares trading hands. The stock had previously closed at C$89.92.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SII. BMO Capital Markets boosted their price objective on shares of Sprott from C$75.00 to C$76.00 in a report on Friday, April 4th. Canaccord Genuity Group raised their price objective on Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, TD Securities boosted their target price on Sprott from C$79.00 to C$84.00 and gave the company a “buy” rating in a research note on Thursday, May 8th.

Sprott Stock Down 0.5%

The firm has a market capitalization of C$1.58 billion, a P/E ratio of 34.52, a PEG ratio of -3.34 and a beta of 1.45. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The firm’s 50-day moving average is C$79.15 and its 200 day moving average is C$67.79.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.35%. Sprott’s dividend payout ratio is currently 52.61%.

Sprott Company Profile

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.