Sprott Inc. (TSE:SII) insider Eric S. Sprott acquired 100,000 shares of Sprott stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average cost of C$3.04 per share, with a total value of C$304,000.00.
Shares of Sprott stock opened at C$3.11 on Monday. The stock has a market capitalization of $749.81, a price-to-earnings ratio of 20.73 and a beta of 0.33. Sprott Inc. has a twelve month low of C$1.92 and a twelve month high of C$3.55.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 27th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, March 9th. Sprott’s payout ratio is currently 80.00%.
SII has been the subject of several recent research reports. TD Securities downgraded Sprott from a “hold” rating to a “reduce” rating and set a C$2.75 price objective for the company. in a research note on Tuesday, March 6th. Royal Bank of Canada downgraded Sprott from a “sector perform” rating to an “underperform” rating and increased their price objective for the company from C$2.75 to C$3.25 in a research note on Monday, March 5th. Desjardins increased their price objective on Sprott from C$2.50 to C$3.00 in a research note on Monday, March 5th. Finally, BMO Capital Markets reissued an “underperform” rating and issued a C$2.75 price objective on shares of Sprott in a research note on Monday, March 5th.
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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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