Sprott (TSE:SII) Hits New 1-Year High on Analyst Upgrade

Shares of Sprott Inc. (TSE:SII) hit a new 52-week high during mid-day trading on Friday after Royal Bank of Canada raised their price target on the stock from C$59.00 to C$61.00. The stock traded as high as C$58.51 and last traded at C$57.58, with a volume of 18943 shares changing hands. The stock had previously closed at C$57.39.

Separately, TD Securities upgraded Sprott from a “hold” rating to a “buy” rating and lifted their price target for the company from C$58.00 to C$66.00 in a research note on Thursday.

Sprott Stock Performance

The company has a quick ratio of 2.89, a current ratio of 2.10 and a debt-to-equity ratio of 7.96. The stock has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 26.17, a PEG ratio of -3.34 and a beta of 1.43. The firm has a fifty day moving average of C$52.52 and a 200-day moving average of C$47.87.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 EPS for the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. The business had revenue of C$49.93 million for the quarter. As a group, sell-side analysts anticipate that Sprott Inc. will post 2.6029823 EPS for the current year.

Sprott Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.74%. Sprott’s dividend payout ratio (DPR) is 61.36%.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.