Sprott (SII) Sets New 12-Month Low at $2.77

Sprott Inc. (TSE:SII) shares hit a new 52-week low during trading on Monday . The company traded as low as C$2.77 and last traded at C$2.79, with a volume of 101692 shares trading hands. The stock had previously closed at C$2.80.

A number of research analysts have recently commented on the stock. Desjardins cut their price objective on shares of Sprott from C$3.00 to C$2.75 in a research report on Tuesday, August 14th. Royal Bank of Canada cut their price objective on shares of Sprott from C$3.25 to C$2.75 and set an “underperform” rating for the company in a research report on Tuesday, August 14th.

The company has a current ratio of 2.89, a quick ratio of 2.52 and a debt-to-equity ratio of 1.50.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, December 4th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, November 16th. Sprott’s dividend payout ratio is currently 57.42%.

In other news, Director Arthur Avi Einav sold 78,967 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of C$3.27, for a total transaction of C$258,222.09.

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Sprott Company Profile (TSE:SII)

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.

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