Sprott Inc. $SII Stock: TD Waterhouse Canada Inc. Grows Holdings

TD Waterhouse Canada Inc. grew its stake in Sprott Inc. (NYSE:SII) by 345.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,448 shares of the company’s stock after purchasing an additional 29,043 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.15% of Sprott worth $4,237,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SII. Copeland Capital Management LLC boosted its holdings in shares of Sprott by 255,707.1% during the 3rd quarter. Copeland Capital Management LLC now owns 286,504 shares of the company’s stock worth $34,203,000 after buying an additional 286,392 shares during the period. Royal Bank of Canada grew its stake in Sprott by 29.4% in the 1st quarter. Royal Bank of Canada now owns 198,432 shares of the company’s stock valued at $28,355,000 after buying an additional 45,120 shares during the last quarter. Bank of America Corp DE grew its stake in Sprott by 121.7% in the 1st quarter. Bank of America Corp DE now owns 134,756 shares of the company’s stock valued at $19,257,000 after buying an additional 73,982 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Sprott by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 128,338 shares of the company’s stock valued at $18,330,000 after acquiring an additional 9,029 shares during the period. Finally, WCM Investment Management LLC bought a new position in Sprott in the 1st quarter valued at about $17,068,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Performance

SII stock opened at $105.97 on Wednesday. Sprott Inc. has a 52 week low of $78.79 and a 52 week high of $169.63. The company has a market capitalization of $2.72 billion, a PE ratio of 25.97 and a beta of 0.95. The company’s 50-day simple moving average is $123.20 and its 200 day simple moving average is $123.48.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.01). The business had revenue of $71.78 million during the quarter, compared to analyst estimates of $82.45 million. Sprott had a return on equity of 28.40% and a net margin of 26.36%. During the same quarter last year, the firm earned $0.52 EPS.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. Sprott’s dividend payout ratio (DPR) is currently 39.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SII shares. Weiss Ratings upgraded Sprott from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen cut Sprott from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, TD Securities restated a “hold” rating on shares of Sprott in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sprott has a consensus rating of “Moderate Buy” and an average target price of $230.00.

About Sprott

Sprott Inc is an alternative asset manager focused on precious metals and other real assets. The company provides investment solutions designed to give investors exposure to gold, silver, uranium, energy transition materials, and natural resources.

Its offerings include exchange-traded funds, closed-end funds, physical bullion trusts, managed accounts, and private-market strategies. Sprott’s products may invest directly in physical commodities, resource companies, or assets connected to the natural resources and real asset sectors.

Founded in 1981, Sprott serves institutional and individual investors across North America and international markets.