Sprott Inc. (SII) Announces Quarterly Dividend of C$0.03
Sprott Inc. (TSE:SII) declared a quarterly dividend on Thursday, November 17th. Shareholders of record on Tuesday, December 6th will be paid a dividend of 0.03 per share on Tuesday, December 6th. This represents a $0.12 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Thursday, November 17th.
Sprott (TSE:SII) opened at 2.08 on Friday. The company’s market capitalization is $508.98 million. The firm has a 50-day moving average of $2.24 and a 200-day moving average of $2.46. Sprott has a 52 week low of $1.67 and a 52 week high of $2.79.
Several analysts have recently issued reports on the stock. TD Securities reiterated a “hold” rating and issued a C$2.75 target price on shares of Sprott in a research report on Monday, August 15th. Scotiabank reiterated a “sector perform” rating and issued a C$2.50 target price on shares of Sprott in a research report on Monday, August 15th. Finally, CIBC upgraded shares of Sprott from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$2.75 to C$3.50 in a research report on Monday, August 15th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$2.75.
Sprott Company Profile
Sprott Inc is an alternative asset management company. The Company has five segments: Sprott Asset Management LP (SAM), Global Companies, Sprott Resource Lending Corp. (SRLC), Consulting, and Corporate & Other. The SAM segment offers discretionary portfolio management, as well as asset management services to its branded Funds and Managed Accounts.
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