Sprott (SII) Scheduled to Post Earnings on Wednesday

Sprott (TSE:SII) will be announcing its earnings results before the market opens on Wednesday, May 8th.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$49.93 million for the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%.

Sprott Stock Up 0.1 %

TSE SII opened at C$55.50 on Thursday. The company has a debt-to-equity ratio of 7.96, a current ratio of 2.10 and a quick ratio of 2.89. The stock has a market capitalization of C$1.44 billion, a PE ratio of 25.32, a PEG ratio of -3.34 and a beta of 1.43. Sprott has a 1 year low of C$38.43 and a 1 year high of C$58.29. The business’s 50-day moving average is C$51.66 and its 200 day moving average is C$47.04.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were paid a $0.336 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Sprott’s previous quarterly dividend of $0.25. This represents a $1.34 annualized dividend and a dividend yield of 2.42%. Sprott’s dividend payout ratio (DPR) is presently 61.64%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SII. TD Securities raised their target price on Sprott from C$55.00 to C$58.00 in a research note on Thursday, April 25th. Royal Bank of Canada upped their price objective on Sprott from C$54.00 to C$59.00 and gave the stock a “sector perform” rating in a research note on Monday.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.