Sprott (SII) Set to Announce Quarterly Earnings on Wednesday

Sprott (TSE:SII) will be announcing its earnings results before the market opens on Wednesday, May 8th.

Sprott (TSE:SII) last released its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share for the quarter. The firm had revenue of C$49.93 million during the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%.

Sprott Price Performance

SII traded up C$0.34 during trading on Monday, reaching C$56.20. The stock had a trading volume of 2,330 shares, compared to its average volume of 20,319. The firm has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of -3.34 and a beta of 1.43. The company has a quick ratio of 2.89, a current ratio of 2.10 and a debt-to-equity ratio of 7.96. Sprott has a 1-year low of C$38.43 and a 1-year high of C$58.29. The stock has a 50 day moving average of C$51.87 and a two-hundred day moving average of C$47.31.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were given a $0.336 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.39%. This is an increase from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 1st. Sprott’s dividend payout ratio is 61.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Securities upped their target price on Sprott from C$55.00 to C$58.00 in a research report on Thursday, April 25th. Royal Bank of Canada increased their price objective on Sprott from C$54.00 to C$59.00 and gave the company a “sector perform” rating in a research report on Monday, April 29th.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.