Sprott (TSE:SII) Reaches New 1-Year High - Should You Buy?

Sprott Inc. (TSE:SII - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$66.31 and last traded at C$66.11, with a volume of 5960 shares traded. The stock had previously closed at C$65.78.

Wall Street Analysts Forecast Growth

SII has been the subject of several recent research reports. Canaccord Genuity Group increased their price target 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. TD Securities raised their price target 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, BMO Capital Markets upped their price objective on shares of Sprott from C$75.00 to C$76.00 in a research note on Friday, April 4th.

Sprott Stock Performance

The firm has a market capitalization of C$1.30 billion, a P/E ratio of 28.41, a P/E/G ratio of -3.34 and a beta of 1.45. The stock has a fifty day simple moving average of C$62.43 and a two-hundred day simple moving average of C$61.77. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89.

Sprott (TSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share 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 Inc. will post 3.2178828 EPS for the current year.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were given 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 yield of 1.65%. Sprott's 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.