BNP Paribas Financial Markets Reduces Holdings in Sprott Inc. $SII

BNP Paribas Financial Markets lessened its position in shares of Sprott Inc. (NYSE:SII) by 20.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,512 shares of the company’s stock after selling 21,984 shares during the period. BNP Paribas Financial Markets’ holdings in Sprott were worth $8,373,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jupiter Asset Management Ltd. purchased a new position in shares of Sprott during the 3rd quarter valued at $711,000. Picton Mahoney Asset Management lifted its holdings in Sprott by 45.8% during the 3rd quarter. Picton Mahoney Asset Management now owns 275,478 shares of the company’s stock worth $22,894,000 after purchasing an additional 86,525 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Sprott by 99.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock worth $61,466,000 after purchasing an additional 369,100 shares in the last quarter. Spark Investment Management LLC purchased a new stake in Sprott during the 3rd quarter worth about $665,000. Finally, CWA Asset Management Group LLC lifted its holdings in Sprott by 58.2% during the 4th quarter. CWA Asset Management Group LLC now owns 71,604 shares of the company’s stock worth $7,011,000 after purchasing an additional 26,341 shares in the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Wall Street Analyst Weigh In

SII has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. Royal Bank Of Canada increased their price objective on Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. TD Securities reissued a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Finally, Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $230.00.

Sprott Stock Down 2.4%

NYSE:SII opened at $118.12 on Wednesday. The business’s 50-day moving average price is $135.17 and its two-hundred day moving average price is $125.24. Sprott Inc. has a twelve month low of $61.42 and a twelve month high of $169.63. The stock has a market cap of $3.04 billion, a P/E ratio of 36.12 and a beta of 0.76.

Sprott (NYSE:SII) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.20. Sprott had a return on equity of 23.54% and a net margin of 21.99%.The firm had revenue of $80.75 million for the quarter, compared to analysts’ expectations of $78.06 million.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. Sprott’s dividend payout ratio (DPR) is presently 48.93%.

Sprott 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.