Sprott (TSE:SII) Issues Earnings Results

Sprott (TSE:SII) released its quarterly earnings data on Wednesday. The company reported C$1.89 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$113.98 million for the quarter. Sprott had a net margin of 22.40% and a return on equity of 23.54%.

Sprott Price Performance

Shares of TSE SII opened at C$161.91 on Thursday. Sprott has a 1 year low of C$85.84 and a 1 year high of C$230.43. The company’s 50-day moving average is C$160.60 and its 200 day moving average is C$178.96. The stock has a market capitalization of C$4.17 billion, a P/E ratio of 49.36, a P/E/G ratio of -3.34 and a beta of 1.57.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Sprott’s payout ratio is presently 42.68%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank Of Canada cut their target price on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. BMO Capital Markets lowered their price target on Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. TD increased their price objective on Sprott from C$190.00 to C$205.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Finally, Canaccord Genuity Group lifted their price objective on Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$202.80.

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.