Sprott Resource Lending (NASDAQ:SILU) announced a quarterly dividend on Monday, March 4th. Stockholders of record on Tuesday, March 12th will be paid a dividend of $0.01 per share on Thursday, March 28th. This represents a $0.06 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Friday, March 8th.
A number of analysts have recently weighed in on SILU shares. Analysts at M Partners cut their price target on shares of Sprott Resource Lending from $1.90 to $1.80 in a research note to investors on Monday. Analysts at MKM Partners cut their price target on shares of Sprott Resource Lending from $1.90 to $1.80 in a research note to investors on Monday.
Two research analysts have rated the stock with a buy rating, and one has assigned a hold rating to the company’s stock. The company currently has an average rating of “overweight” and an average price target of $1.73.
Shares of Sprott Resource Lending (SILU) traded down 1.43% during mid-day trading on Monday, hitting $1.38. Sprott Resource Lending (SILU) has a one year low of $1.32 and a one year high of $1.60. The stock’s 50-day moving average is currently $1.48. The company’s market cap is $205.8 million.
Sprott Resource Lending Corp., formerly Quest Capital Corp., specializes in bridge and mezzanine lending to precious and base metal mining, exploration and development companies and oil and gas companies on a global basis.
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