Sprott Inc. (SII) to Issue Quarterly Dividend of $0.40 on September 1st

Sprott Inc. (TSE:SII) announced a quarterly dividend on Monday, August 17th, TickerTech Dividends reports. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.40 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 17th.

Sprott Stock Performance

Shares of TSE:SII opened at C$161.94 on Friday. The company’s fifty day moving average is C$158.34 and its two-hundred day moving average is C$178.50. Sprott has a 1-year low of C$85.84 and a 1-year high of C$230.43. The stock has a market capitalization of C$4.17 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of -3.34 and a beta of 1.57.

Sprott (TSE:SII) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.89 EPS for the quarter. Sprott had a net margin of 26.68% and a return on equity of 28.39%. The business had revenue of C$113.98 million during the quarter. Sell-side analysts expect that Sprott will post 3.2178828 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SII has been the topic of a number of recent research reports. BMO Capital Markets cut their target price on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Canaccord Genuity Group lowered their target price on Sprott from C$230.00 to C$183.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Royal Bank Of Canada dropped their price target on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, TD raised their price target on Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Sprott presently has an average rating of “Moderate Buy” and an average target price of C$187.40.

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.