Sprott (TSE:SII) Reaches New 12-Month High – Still a Buy?

Sprott Inc. (TSE:SII) shares hit a new 52-week high on Wednesday . The stock traded as high as C$132.79 and last traded at C$126.53, with a volume of 37540 shares changing hands. The stock had previously closed at C$132.15.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SII. TD Securities increased their price target on shares of Sprott from C$100.00 to C$125.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. BMO Capital Markets increased their target price on shares of Sprott from C$109.00 to C$123.00 in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada set a C$132.00 price target on shares of Sprott and gave the company a “sector perform” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$112.75.

Sprott Stock Performance

The company’s 50-day moving average is C$120.94 and its two-hundred day moving average is C$102.95. The company has a market capitalization of C$3.25 billion, a P/E ratio of 64.37, a PEG ratio of -3.34 and a beta of 1.33. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65.

Sprott (TSE:SII) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.51 EPS for the quarter. The business had revenue of C$90.66 million during the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. Equities analysts anticipate that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.3%. This is a boost from Sprott’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, November 17th. Sprott’s dividend payout ratio (DPR) is presently 61.22%.

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.