Sprott (TSE:SII) Issues Earnings Results

Sprott (TSE:SII) issued its quarterly earnings results on Wednesday. The company reported C$1.89 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$113.98 million for the quarter. Sprott had a return on equity of 23.54% and a net margin of 22.40%.

Sprott Price Performance

Sprott stock opened at C$157.55 on Friday. The firm has a market capitalization of C$4.06 billion, a P/E ratio of 48.03, a P/E/G ratio of -3.34 and a beta of 1.57. The stock has a fifty day moving average price of C$160.22 and a two-hundred day moving average price of C$178.93. Sprott has a 52-week low of C$85.84 and a 52-week high of C$230.43.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 17th. Sprott’s dividend payout ratio is currently 42.68%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SII. Royal Bank Of Canada decreased their price objective on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. TD upped their target price on Sprott from C$170.00 to C$175.00 and gave the company a “hold” rating in a research note on Thursday. BMO Capital Markets reduced their target price on Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, Canaccord Genuity Group lowered their price target on shares of Sprott from C$230.00 to C$183.00 and set a “buy” rating on the stock in a report on Thursday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$187.40.

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.