Sprott (NYSE:SII) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sprott (NYSE:SII) from a hold rating to a buy rating in a report published on Saturday.

A number of other equities research analysts also recently issued reports on SII. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research note on Friday. Royal Bank Of Canada raised Sprott from a “sector perform” rating to an “outperform” rating in a research note on Friday. Finally, Weiss Ratings reissued 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 assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Sprott Stock Up 5.6%

NYSE SII opened at $152.00 on Friday. Sprott has a 52 week low of $39.33 and a 52 week high of $153.55. The company has a market capitalization of $3.92 billion, a P/E ratio of 58.46 and a beta of 1.02. The stock’s 50-day moving average price is $114.97 and its 200-day moving average price is $92.06.

Sprott (NYSE:SII) last released its quarterly earnings data 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 2nd. Sprott’s dividend payout ratio (DPR) is 82.05%.

Hedge Funds Weigh In On Sprott

A number of hedge funds and other institutional investors have recently bought and sold shares of SII. Allworth Financial LP bought a new stake in shares of Sprott during the 2nd quarter valued at $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Sprott during the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd increased its holdings in Sprott by 63.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott in the 4th quarter valued at about $59,000. Finally, Advisory Services Network LLC bought a new stake in shares of Sprott in the 3rd quarter valued at about $74,000. 28.30% of the stock is owned by institutional investors.

About Sprott

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.