Sprott Inc. (SII) Director Sells C$16,100.00 in Stock

Sprott Inc. (TSE:SII) Director James John Grosdanis sold 7,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of C$2.30, for a total transaction of C$16,100.00.

Sprott Inc. (TSE SII) traded up C$0.01 during trading hours on Friday, reaching C$2.33. 144,191 shares of the company’s stock were exchanged, compared to its average volume of 207,977. Sprott Inc. has a 52 week low of C$1.92 and a 52 week high of C$2.69.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, December 4th will be issued a $0.03 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.12 dividend on an annualized basis and a yield of 5.15%. Sprott’s dividend payout ratio (DPR) is 80.00%.

Separately, TD Securities lowered their price objective on shares of Sprott from C$2.75 to C$2.50 and set a “hold” rating on the stock in a research note on Monday, August 14th. Five investment analysts have rated the stock with a hold rating, Sprott has a consensus rating of “Hold” and a consensus price target of C$2.50.

ILLEGAL ACTIVITY WARNING: “Sprott Inc. (SII) Director Sells C$16,100.00 in Stock” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/sprott-inc-sii-director-sells-c16100-00-in-stock.html.

About Sprott

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.

Receive News & Ratings for Sprott Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply