Sprott (TSE:SII) Reaches New 12-Month High – What’s Next?

Sprott Inc. (TSE:SII)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$140.37 and last traded at C$138.76, with a volume of 57060 shares trading hands. The stock had previously closed at C$134.00.

Wall Street Analysts Forecast Growth

SII has been the subject of several analyst reports. Royal Bank Of Canada set a C$132.00 price target on shares of Sprott and gave the company a “sector perform” rating in a research report on Wednesday, December 10th. BMO Capital Markets boosted their price target on shares of Sprott from C$109.00 to C$123.00 in a research report on Thursday, November 6th. Finally, TD Securities raised their price objective on Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Sprott currently has a consensus rating of “Moderate Buy” and an average target price of C$112.75.

Sprott Stock Up 3.4%

The company has a fifty day simple moving average of C$122.81 and a 200-day simple moving average of C$105.71. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The firm has a market cap of C$3.57 billion, a P/E ratio of 70.72, a price-to-earnings-growth ratio of -3.34 and a beta of 1.33.

Sprott (TSE:SII) last released its earnings results on Wednesday, November 5th. The company reported C$0.51 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%.The firm had revenue of C$90.66 million during the quarter. On average, equities analysts anticipate that Sprott Inc. will post 3.2178828 earnings per share for the current year.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, November 17th. This is an increase from Sprott’s previous quarterly dividend of $0.30. Sprott’s dividend payout ratio (DPR) is presently 61.22%.

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.