Sprott (TSE:SII) Trading 2.3% Higher – What’s Next?

Shares of Sprott Inc. (TSE:SII) traded up 2.3% during trading on Tuesday . The company traded as high as C$65.41 and last traded at C$64.85. 22,676 shares were traded during mid-day trading, a decline of 17% from the average session volume of 27,311 shares. The stock had previously closed at C$63.39.

Analysts Set New Price Targets

Separately, TD Securities dropped their price objective on Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a report on Thursday, November 7th.

Sprott Trading Up 2.3 %

The business’s 50 day simple moving average is C$61.58 and its 200-day simple moving average is C$59.37. The company has a debt-to-equity ratio of 9.19, a current ratio of 3.02 and a quick ratio of 2.89. The stock has a market capitalization of C$1.65 billion, a P/E ratio of 29.61, a PEG ratio of -3.34 and a beta of 1.45.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, December 3rd were given a $0.30 dividend. This is a positive change from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, November 18th. Sprott’s dividend payout ratio (DPR) is currently 61.64%.

Sprott Company Profile

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.