Sprott (TSE:SII) Reaches New 12-Month High on Analyst Upgrade

Sprott Inc. (TSE:SII)’s share price reached a new 52-week high during mid-day trading on Monday after TD Securities raised their price target on the stock from C$130.00 to C$176.00. TD Securities currently has a hold rating on the stock. Sprott traded as high as C$187.80 and last traded at C$184.77, with a volume of 56226 shares changing hands. The stock had previously closed at C$180.84.

A number of other equities research analysts also recently commented on SII. BMO Capital Markets boosted their target price on Sprott from C$109.00 to C$123.00 in a research report on Thursday, November 6th. Royal Bank Of Canada set a C$132.00 price objective on Sprott and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Sprott has an average rating of “Moderate Buy” and an average price target of C$125.50.

Sprott Price Performance

The company has a market cap of C$4.72 billion, a PE ratio of 93.32, a PEG ratio of -3.34 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89. The stock’s 50-day moving average is C$137.99 and its 200 day moving average is C$116.21.

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

Sprott Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were issued a $0.40 dividend. This is a boost from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, November 17th. Sprott’s dividend payout ratio is currently 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.