Sprott (TSE:SII) Reaches New 12-Month High – What’s Next?

Sprott Inc. (TSE:SII)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$133.22 and last traded at C$132.24, with a volume of 15518 shares traded. The stock had previously closed at C$130.30.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Securities lifted their price objective on shares of Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada set a C$132.00 target price on shares of Sprott and gave the company a “sector perform” rating in a research note on Wednesday, December 10th. Finally, BMO Capital Markets upped their price target on shares of Sprott from C$109.00 to C$123.00 in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprott presently has a consensus rating of “Moderate Buy” and a consensus price target of C$112.75.

Sprott Stock Performance

The stock has a market cap of C$3.41 billion, a price-to-earnings ratio of 67.47, a price-to-earnings-growth ratio of -3.34 and a beta of 1.33. The company’s 50-day simple moving average is C$121.90 and its 200-day simple moving average is C$104.33. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$90.66 million during the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Analysts predict that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were given a $0.40 dividend. This is a positive change from Sprott’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, November 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Sprott’s dividend payout ratio is 61.22%.

About Sprott

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company’s closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company’s branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.