Sprott Inc. (TSE:SII) to Issue Dividend Increase – $0.40 Per Share

Sprott Inc. (TSE:SII) announced a quarterly dividend on Monday, November 17th, TickerTech Dividends reports. Shareholders of record on Tuesday, December 2nd will be given a dividend of 0.40 per share on Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, November 17th. This is a 33.3% increase from Sprott’s previous quarterly dividend of $0.30.

Sprott Stock Down 0.5%

Shares of TSE SII traded down C$0.58 during midday trading on Friday, hitting C$123.72. 40,064 shares of the stock traded hands, compared to its average volume of 61,561. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. Sprott has a one year low of C$56.05 and a one year high of C$132.78. The company has a market cap of C$3.19 billion, a PE ratio of 63.12, a P/E/G ratio of -3.34 and a beta of 1.22. The business has a 50 day moving average price of C$113.41 and a two-hundred day moving average price of C$96.79.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.51 EPS for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%.The firm had revenue of C$90.66 million during the quarter. On average, equities analysts predict that Sprott will post 3.2178828 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. TD Securities increased their target price on shares of Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. BMO Capital Markets increased their price objective on Sprott from C$109.00 to C$123.00 in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Sprott presently has an average rating of “Moderate Buy” and a consensus target price of C$106.33.

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.