Sprott (TSE:SII) had its price objective cut by Desjardins from C$3.00 to C$2.75 in a report published on Tuesday. Desjardins also issued estimates for Sprott’s FY2018 earnings at $0.14 EPS.

A number of other equities research analysts have also issued reports on SII. BMO Capital Markets upgraded shares of Sprott from an underperform rating to a market perform rating in a report on Tuesday, July 3rd. Royal Bank of Canada cut their price target on shares of Sprott from C$3.25 to C$2.75 and set an underperform rating on the stock in a report on Tuesday.

SII stock opened at C$2.98 on Tuesday. Sprott has a 52-week low of C$2.09 and a 52-week high of C$3.62.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Tuesday, September 4th will be paid a $0.03 dividend. The ex-dividend date is Friday, August 17th. This represents a $0.12 annualized dividend and a yield of 4.03%.

In other Sprott news, Director Kevin Lloyd Hibbert sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of C$3.07, for a total value of C$153,500.00. In the last quarter, insiders sold 138,526 shares of company stock worth $425,816.

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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