Sprott (TSE:SII) Reaches New 52-Week High – Here’s Why

Shares of Sprott Inc. (TSE:SII) hit a new 52-week high on Tuesday . The stock traded as high as C$229.51 and last traded at C$229.50, with a volume of 19467 shares traded. The stock had previously closed at C$220.65.

Analyst Ratings Changes

SII has been the topic of several research reports. TD Securities raised their price target on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada upgraded shares of Sprott from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$186.00 to C$218.00 in a report on Friday, February 20th. Canaccord Genuity Group raised their target price on shares of Sprott from C$130.00 to C$200.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, BMO Capital Markets upped their price target on shares of Sprott from C$162.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$197.50.

Sprott Price Performance

The firm has a market capitalization of C$5.85 billion, a P/E ratio of 86.88, a P/E/G ratio of -3.34 and a beta of 1.44. The stock’s fifty day simple moving average is C$175.12 and its 200 day simple moving average is C$136.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.78 and a quick ratio of 2.89.

Sprott (TSE:SII) last released its quarterly earnings results on Thursday, February 19th. The company reported C$1.49 earnings per share for the quarter. Sprott had a net margin of 24.67% and a return on equity of 20.71%. The business had revenue of C$143.61 million for the quarter. On average, equities research analysts predict that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, March 2nd. Sprott’s payout ratio is currently 49.81%.

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.