Sprott Inc. to Issue Quarterly Dividend of $0.30 (TSE:SII)

Sprott Inc. (TSE:SII) declared a quarterly dividend on Tuesday, May 20th, TickerTech Dividends reports. Shareholders of record on Wednesday, June 4th will be paid a dividend of 0.30 per share on Wednesday, June 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Tuesday, May 20th.

Sprott Stock Up 0.3%

Shares of SII opened at C$77.76 on Friday. Sprott has a 12 month low of C$52.20 and a 12 month high of C$78.97. The company has a 50-day moving average price of C$67.68 and a two-hundred day moving average price of C$63.51. 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 stock has a market cap of C$1.39 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last posted its earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share (EPS) for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. Equities analysts predict that Sprott will post 3.2178828 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. TD Securities lifted their target price on shares of Sprott from C$79.00 to C$84.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Canaccord Genuity Group lifted their target price on shares of Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, 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.

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.