Sprott (TSE:SII) Posts Quarterly Earnings Results

Sprott (TSE:SII) posted its quarterly earnings data on Wednesday. The company reported C$1.57 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$198.75 million for the quarter. Sprott had a return on equity of 24.78% and a net margin of 22.41%.

Sprott Stock Performance

Shares of TSE:SII opened at C$194.53 on Friday. The firm has a market cap of C$5.02 billion, a price-to-earnings ratio of 74.53, a P/E/G ratio of -3.34 and a beta of 1.56. The firm has a fifty day moving average price of C$199.13 and a 200 day moving average price of C$162.53. Sprott has a fifty-two week low of C$73.46 and a fifty-two week high of C$230.43.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Sprott’s dividend payout ratio is currently 49.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SII shares. Canaccord Genuity Group raised their target price on shares of Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research note on Thursday. TD Securities increased their price objective on shares of Sprott from C$176.00 to C$180.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. BMO Capital Markets raised their price objective on shares of Sprott from C$192.00 to C$210.00 in a research report on Monday, April 13th. Royal Bank Of Canada raised their price objective on shares of Sprott from C$218.00 to C$230.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD upped their target price on shares of Sprott from C$190.00 to C$205.00 and gave the stock a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$211.00.

Sprott Company Profile

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.