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

Sprott Inc. (TSE:SII)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$66.31 and last traded at C$66.11, with a volume of 5960 shares trading hands. The stock had previously closed at C$65.78.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SII shares. BMO Capital Markets lifted their target price on shares of Sprott from C$75.00 to C$76.00 in a research note on Friday, April 4th. TD Securities increased their price target on Sprott from C$70.00 to C$71.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Canaccord Genuity Group boosted their price objective on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Sprott Stock Performance

The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of C$1.18 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The company’s 50 day moving average is C$61.84 and its 200-day moving average is C$61.49.

Sprott (TSE:SII) last issued its earnings results on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. As a group, equities analysts anticipate that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.82%. Sprott’s dividend payout ratio is 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.