Sprott Inc. (TSE:SII) Director John A. Ciampaglia sold 14,088 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of C$3.14, for a total value of C$44,236.32.
Shares of TSE SII traded down C$0.02 during midday trading on Friday, hitting C$3.11. The stock had a trading volume of 232,211 shares, compared to its average volume of 467,887. Sprott Inc. has a fifty-two week low of C$1.92 and a fifty-two week high of C$3.55.
Sprott (TSE:SII) last released its earnings results on Friday, March 2nd. The company reported C$0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.02). Sprott had a net margin of 12.08% and a return on equity of 2.93%. The firm had revenue of C$24.16 million during the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Tuesday, March 27th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.86%.
Several equities analysts recently commented on the company. BMO Capital Markets raised their target price on Sprott from C$2.50 to C$2.75 in a research report on Tuesday, January 30th. Royal Bank of Canada cut Sprott from a “sector perform” rating to an “underperform” rating and raised their price target for the company from C$2.75 to C$3.25 in a report on Monday, March 5th. Desjardins raised their price target on Sprott from C$2.50 to C$3.00 in a report on Monday, March 5th. Finally, TD Securities cut Sprott from a “hold” rating to a “reduce” rating and set a C$2.75 price target for the company. in a report on Tuesday, March 6th.
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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.
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