Waratah Capital Advisors Ltd. Sells 50,394 Shares of Sprott Inc. $SII

Waratah Capital Advisors Ltd. cut its holdings in Sprott Inc. (NYSE:SII) by 32.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,459 shares of the company’s stock after selling 50,394 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Sprott were worth $8,856,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of Sprott in the 2nd quarter worth approximately $28,000. Farther Finance Advisors LLC purchased a new position in Sprott during the third quarter worth $83,000. Pacifica Partners Inc. purchased a new stake in shares of Sprott in the third quarter valued at $98,000. Indie Asset Partners LLC bought a new stake in shares of Sprott in the 3rd quarter worth about $201,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Sprott during the 3rd quarter worth about $201,000. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SII. TD Securities reissued a “hold” rating on shares of Sprott in a research report on Friday. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada raised shares of Sprott from a “sector perform” rating to an “outperform” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sprott in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Sprott currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

Sprott Stock Up 3.3%

Sprott stock opened at $156.92 on Wednesday. Sprott Inc. has a twelve month low of $39.33 and a twelve month high of $158.67. The business has a fifty day moving average of $116.20 and a two-hundred day moving average of $92.70. The firm has a market cap of $4.05 billion, a P/E ratio of 60.35 and a beta of 1.02.

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

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 2nd. Sprott’s dividend payout ratio (DPR) is currently 61.54%.

Sprott Company 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.