Sprott Inc. (SII) to Issue Quarterly Dividend of $0.40 on June 3rd

Sprott Inc. (TSE:SII) declared a quarterly dividend on Tuesday, May 19th, TickerTech Dividends reports. Investors of record on Wednesday, June 3rd will be given a dividend of 0.40 per share on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, May 19th.

Sprott Stock Down 5.2%

TSE SII opened at C$177.27 on Friday. Sprott has a 52-week low of C$77.16 and a 52-week high of C$230.43. The business’s 50-day moving average price is C$195.39 and its 200 day moving average price is C$165.40. The firm has a market cap of C$4.57 billion, a P/E ratio of 54.05, a P/E/G ratio of -3.34 and a beta of 1.56.

Sprott (TSE:SII) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share (EPS) for the quarter. The firm had revenue of C$198.75 million for the quarter. Sprott had a return on equity of 24.26% and a net margin of 22.72%. As a group, analysts anticipate that Sprott will post 3.2178828 earnings per share for the current year.

Wall Street Analyst Weigh In

SII has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Sprott from C$218.00 to C$230.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. BMO Capital Markets raised their price objective on shares of Sprott from C$192.00 to C$210.00 in a research report on Monday, April 13th. Canaccord Genuity Group raised their price objective on shares of Sprott from C$200.00 to C$230.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. TD Securities raised their price objective on shares of Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Finally, TD raised their price objective on shares of Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$211.00.

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.