Connor Clark & Lunn Investment Management Ltd. Has $61.47 Million Stock Holdings in Sprott Inc. $SII

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Sprott Inc. (NYSE:SII) by 99.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 739,700 shares of the company’s stock after acquiring an additional 369,100 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sprott were worth $61,466,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sprott Inc. lifted its position in shares of Sprott by 3.7% in the 3rd quarter. Sprott Inc. now owns 1,645,582 shares of the company’s stock worth $136,896,000 after acquiring an additional 59,101 shares during the period. Mawer Investment Management Ltd. increased its position in shares of Sprott by 74.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company’s stock valued at $105,637,000 after purchasing an additional 539,940 shares during the period. Norges Bank bought a new position in Sprott in the second quarter worth $40,161,000. Invesco Ltd. acquired a new stake in shares of Sprott during the 2nd quarter valued at about $28,948,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Sprott during the 2nd quarter valued at about $28,299,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Trading Down 1.1%

Shares of Sprott stock opened at $164.50 on Thursday. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 63.27 and a beta of 0.94. Sprott Inc. has a 1-year low of $39.33 and a 1-year high of $169.63. The firm’s 50-day moving average price is $130.44 and its two-hundred day moving average price is $100.05.

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

Sprott Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank Of Canada raised shares of Sprott from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Sprott in a report on Monday, December 29th. Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, TD Securities reiterated a “hold” rating on shares of Sprott in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Sprott 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.