Sprott Inc. (NYSE:SII) Declares Quarterly Dividend of $0.40

Sprott Inc. (NYSE:SII) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Monday, August 17th will be given a dividend of 0.40 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th.

Sprott has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Sprott has a dividend payout ratio of 67.8% indicating that its dividend is sufficiently covered by earnings.

Sprott Trading Up 0.6%

Shares of SII stock opened at $104.69 on Wednesday. The stock has a 50 day simple moving average of $114.55 and a 200-day simple moving average of $129.44. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 32.02 and a beta of 0.83. Sprott has a 12-month low of $61.94 and a 12-month high of $169.63.

Sprott (NYSE:SII) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.20. Sprott had a return on equity of 23.54% and a net margin of 21.99%.The firm had revenue of $80.75 million for the quarter, compared to the consensus estimate of $78.06 million.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank Of Canada raised their target price on Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of Sprott from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Sprott has an average rating of “Moderate Buy” and a consensus target price of $230.00.

Sprott Company Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.