Sprott (TSE:SII) Hits New 1-Year High – What’s Next?

Sprott Inc. (TSE:SII)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$165.57 and last traded at C$165.06, with a volume of 14648 shares trading hands. The stock had previously closed at C$162.31.

Analysts Set New Price Targets

Several brokerages recently issued reports on SII. BMO Capital Markets raised their price target on Sprott from C$109.00 to C$123.00 in a report on Thursday, November 6th. TD Securities raised their target price on Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada set a C$132.00 price target on shares of Sprott and gave the company a “sector perform” rating in a report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$112.75.

Sprott Trading Up 3.1%

The firm has a 50-day moving average of C$134.89 and a 200 day moving average of C$114.47. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of C$4.40 billion, a price-to-earnings ratio of 87.11, a PEG ratio of -3.34 and a beta of 1.32.

Sprott (TSE:SII) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.51 earnings per share (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%. As a group, equities analysts predict that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Increases Dividend

The business 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 dividend on an annualized basis and a yield of 0.9%. This is a boost from Sprott’s previous quarterly dividend of $0.30. Sprott’s payout ratio is currently 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.