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

Sprott Inc. (TSE:SII - Get Free Report) announced a quarterly dividend on Monday, March 10th, TickerTech Dividends reports. Investors of record on Tuesday, March 25th will be given a dividend of 0.30 per share on Tuesday, March 25th. This represents a $1.20 annualized dividend and a yield of 1.95%. The ex-dividend date is Monday, March 10th.

Sprott Stock Up 2.0 %

TSE:SII traded up C$1.20 on Wednesday, reaching C$61.68. The stock had a trading volume of 55,418 shares, compared to its average volume of 31,001. The company has a 50-day moving average of C$61.38 and a 200 day moving average of C$60.39. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The stock has a market cap of C$1.10 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. Sprott has a 12-month low of C$46.59 and a 12-month high of C$66.31.

Sprott (TSE:SII - Get Free Report) last released its quarterly 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%. On average, research analysts predict that Sprott will post 3.2178828 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SII. BMO Capital Markets set a C$75.00 price target on shares of Sprott and gave the stock an "outperform" rating in a research report on Friday, March 7th. TD Securities raised their price objective on shares of 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 target price on shares of Sprott from C$67.00 to C$71.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th.

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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.