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

Sprott Inc. (NYSE:SII) reached a new 52-week high during trading on Monday . The stock traded as high as $137.20 and last traded at $136.7220, with a volume of 54221 shares trading hands. The stock had previously closed at $131.92.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Securities reiterated a “hold” rating on shares of Sprott in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sprott in a research note on Monday, December 29th. Finally, Royal Bank Of Canada assumed coverage on shares of Sprott in a research report on Wednesday, December 10th. They set a “sector perform” rating and a $132.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.00.

Sprott Trading Up 0.1%

The company has a market capitalization of $3.41 billion, a P/E ratio of 68.00 and a beta of 1.02. The business has a 50 day moving average price of $99.50 and a 200 day moving average price of $83.76.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $49.18 million during the quarter, compared to analysts’ expectations of $49.71 million. Sprott had a net margin of 23.26% and a return on equity of 15.01%.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a dividend of $0.40 per share. This is a boost from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, November 17th. Sprott’s dividend payout ratio is presently 82.05%.

Institutional Investors Weigh In On Sprott

Hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management acquired a new position in shares of Sprott in the third quarter valued at approximately $968,000. Quantbot Technologies LP acquired a new stake in shares of Sprott during the second quarter worth $782,000. Horizon Kinetics Asset Management LLC boosted its stake in Sprott by 7.0% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 212,898 shares of the company’s stock worth $14,709,000 after purchasing an additional 13,983 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Sprott by 29.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,236 shares of the company’s stock worth $913,000 after purchasing an additional 3,041 shares in the last quarter. Finally, Investment Management Associates Inc. ADV bought a new stake in shares of Sprott in the second quarter valued at about $769,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Company Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.