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

Sprott Inc. (TSE:SII) shares hit a new 52-week high on Monday . The company traded as high as C$90.77 and last traded at C$90.22, with a volume of 3515 shares changing hands. The stock had previously closed at C$89.92.

Analyst Ratings Changes

A number of brokerages recently commented on SII. TD Securities boosted their price objective on shares of Sprott from C$79.00 to C$84.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. BMO Capital Markets upped their target price on Sprott from C$75.00 to C$76.00 in a research report on Friday, April 4th. Finally, Canaccord Genuity Group lifted their price target on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a report on Thursday, February 27th.

Sprott Price Performance

The stock has a 50 day moving average of C$78.30 and a two-hundred day moving average of C$67.44. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The firm has a market capitalization of C$1.61 billion, a P/E ratio of 35.10, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. Sprott’s dividend payout ratio is 52.61%.

About Sprott

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.