Insider Buying: Sprott Inc. (SII) Insider Acquires 100,000 Shares of Stock

Sprott Inc. (TSE:SII) insider Eric S. Sprott bought 100,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was bought at an average price of C$3.04 per share, with a total value of C$304,000.00.

Sprott stock opened at C$3.11 on Monday. The firm 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.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 27th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, March 9th. Sprott’s dividend payout ratio is presently 80.00%.

Several analysts have issued reports on SII shares. Desjardins upped their target price on Sprott from C$2.50 to C$3.00 in a report on Monday, March 5th. BMO Capital Markets upped their target price on Sprott from C$2.50 to C$2.75 in a report on Tuesday, January 30th. TD Securities cut Sprott from a “hold” rating to a “reduce” rating and set a C$2.75 target price for the company. in a report on Tuesday, March 6th. Finally, Royal Bank of Canada cut Sprott from a “sector perform” rating to an “underperform” rating and upped their target price for the company from C$2.75 to C$3.25 in a report on Monday, March 5th.

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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.

Insider Buying and Selling by Quarter for Sprott (TSE:SII)

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