Sprott Inc. (TSE:SII) Declares Quarterly Dividend of $0.25

Sprott Inc. (TSE:SII) declared a quarterly dividend on Tuesday, May 7th, TickerTech reports. Investors of record on Tuesday, May 21st will be given a dividend of 0.25 per share on Wednesday, June 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 17th.

Sprott Price Performance

Shares of SII traded up C$0.77 during midday trading on Thursday, hitting C$56.52. The company’s stock had a trading volume of 23,211 shares, compared to its average volume of 20,735. The company has a quick ratio of 2.89, a current ratio of 2.10 and a debt-to-equity ratio of 7.96. Sprott has a one year low of C$38.43 and a one year high of C$58.29. The stock has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of -3.34 and a beta of 1.43. The company’s fifty day simple moving average is C$52.22 and its two-hundred day simple moving average is C$47.61.

Sprott (TSE:SII) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. The company had revenue of C$49.93 million during the quarter. As a group, equities analysts expect that Sprott will post 2.6029823 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SII has been the topic of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Sprott from C$54.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Monday, April 29th. TD Securities boosted their price objective on Sprott from C$55.00 to C$58.00 in a research note on Thursday, April 25th.

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.