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

Sprott Inc. (NYSE:SII)’s share price reached a new 52-week high on Thursday . The company traded as high as $163.72 and last traded at $162.3870, with a volume of 245134 shares trading hands. The stock had previously closed at $156.93.

Analyst Ratings Changes

SII has been the subject of a number of recent research reports. Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Sprott in a report on Monday, December 29th. Royal Bank Of Canada raised shares of Sprott from a “sector perform” rating to an “outperform” rating in a report on Friday, February 20th. Finally, TD Securities reiterated a “hold” rating on shares of Sprott in a research note on Friday, February 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

Sprott Stock Performance

The business has a 50 day moving average of $117.60 and a 200-day moving average of $93.18. The company has a market capitalization of $4.19 billion, a P/E ratio of 62.46 and a beta of 1.02.

Sprott (NYSE:SII) last posted its earnings results on Thursday, February 19th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.58. Sprott had a return on equity of 19.47% and a net margin of 23.62%.The business had revenue of $61.70 million during the quarter, compared to analyst estimates of $69.12 million.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Monday, March 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.60 annualized dividend and a yield of 1.0%. Sprott’s payout ratio is currently 61.54%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cumberland Partners Ltd grew its position in shares of Sprott by 0.4% during the 4th quarter. Cumberland Partners Ltd now owns 32,300 shares of the company’s stock valued at $3,167,000 after purchasing an additional 120 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Sprott by 63.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock worth $38,000 after buying an additional 150 shares in the last quarter. Rialto Wealth Management LLC raised its position in shares of Sprott by 26.0% in the fourth quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock worth $78,000 after buying an additional 165 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in Sprott by 5.3% during the fourth quarter. Kathmere Capital Management LLC now owns 3,458 shares of the company’s stock valued at $339,000 after buying an additional 174 shares during the period. Finally, Mariner LLC grew its position in Sprott by 2.8% during the fourth quarter. Mariner LLC now owns 6,950 shares of the company’s stock worth $681,000 after buying an additional 192 shares in the last quarter. 28.30% of the stock is owned by institutional investors.

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.