Sprott (SII) Hits New 52-Week Low at $2.70

Sprott Inc. (TSE:SII) hit a new 52-week low during trading on Monday . The stock traded as low as C$2.70 and last traded at C$2.70, with a volume of 41803 shares changing hands. The stock had previously closed at C$2.73.

Several equities research analysts have recently issued reports on SII shares. Desjardins lowered 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 lowered 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 debt-to-equity ratio of 1.51, a quick ratio of 2.37 and a current ratio of 2.70.

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 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Friday, November 16th. Sprott’s dividend payout ratio is 131.87%.

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About Sprott (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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

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