Sprott (TSE:SII) Reaches New 52-Week High – Here’s Why

Sprott Inc. (TSE:SII) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$149.30 and last traded at C$148.77, with a volume of 4367 shares trading hands. The stock had previously closed at C$146.85.

Wall Street Analyst Weigh In

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

Sprott Price Performance

The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89. The stock has a market capitalization of C$3.89 billion, a price-to-earnings ratio of 77.06, a price-to-earnings-growth ratio of -3.34 and a beta of 1.32. The company has a 50-day simple moving average of C$129.69 and a two-hundred day simple moving average of C$111.22.

Sprott (TSE:SII) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.51 EPS for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. The business had revenue of C$90.66 million during the quarter. On average, equities research analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current year.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were given a $0.40 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.60 annualized dividend and a yield of 1.1%. This is an increase from Sprott’s previous quarterly dividend of $0.30. Sprott’s payout ratio is 61.22%.

Sprott Company Profile

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.