Sprott (TSE:SII) Hits New 12-Month High – Time to Buy?

Sprott Inc. (TSE:SII) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$133.22 and last traded at C$132.24, with a volume of 15518 shares trading hands. The stock had previously closed at C$130.30.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SII shares. BMO Capital Markets increased their price target on Sprott from C$109.00 to C$123.00 in a report on Thursday, November 6th. TD Securities upped their price objective on Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada set a C$132.00 target price on Sprott and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$112.75.

Sprott Stock Down 3.1%

The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The stock has a market cap of C$3.28 billion, a P/E ratio of 64.97, a P/E/G ratio of -3.34 and a beta of 1.33. The company’s 50 day moving average price is C$122.17 and its two-hundred day moving average price is C$104.85.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.51 earnings per share (EPS) for the quarter. The company had revenue of C$90.66 million for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. As a group, research analysts expect that Sprott Inc. will post 3.2178828 earnings per share for the current year.

Sprott Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.40 per share. This is an increase from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, November 17th. Sprott’s payout ratio is 61.22%.

About Sprott

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.