Sprott (TSE:SII) Hits New 1-Year High - Here's Why

Shares of Sprott Inc. (TSE:SII - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$73.62 and last traded at C$73.10, with a volume of 4469 shares changing hands. The stock had previously closed at C$72.90.

Analysts Set New Price Targets

Several research analysts recently weighed in on SII shares. TD Securities raised their target price on Sprott from C$70.00 to C$71.00 and gave the company a "buy" rating in a research note on Friday, February 28th. BMO Capital Markets lifted their price objective on shares of Sprott from C$75.00 to C$76.00 in a research note on Friday, April 4th. Finally, Canaccord Genuity Group increased 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.

Sprott Price Performance

The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89. The firm has a market cap of C$1.29 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The stock's fifty day moving average price is C$62.64 and its 200-day moving average price is C$61.87.

Sprott (TSE:SII - Get Free Report) 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%. Equities research analysts predict that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.66%. Sprott's 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.

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