Sprott Inc. (TSE:SII – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$56.31 and traded as high as C$56.68. Sprott shares last traded at C$55.28, with a volume of 18,973 shares traded.
Wall Street Analysts Forecast Growth
Separately, TD Securities reduced their price objective on Sprott from C$68.00 to C$65.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.
Check Out Our Latest Stock Analysis on Sprott
Sprott Stock Up 1.2 %
Sprott (TSE:SII – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported C$0.70 EPS for the quarter. The company had revenue of C$65.66 million during the quarter. Sprott had a net margin of 22.68% and a return on equity of 12.85%. On average, equities analysts predict that Sprott Inc. will post 2.9489456 earnings per share for the current year.
Sprott Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.72%. Sprott’s dividend payout ratio (DPR) is currently 62.50%.
About Sprott
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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