Sprott (TSE:SII) Hits New 12-Month High – Should You Buy?

Sprott Inc. (TSE:SII)’s share price reached a new 52-week high on Monday . The stock traded as high as C$140.37 and last traded at C$138.76, with a volume of 57060 shares changing hands. The stock had previously closed at C$134.00.

Wall Street Analyst Weigh In

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

Sprott Stock Down 1.1%

The business has a 50-day simple moving average of C$123.89 and a two-hundred day simple moving average of C$106.68. The company has a market capitalization of C$3.54 billion, a price-to-earnings ratio of 69.97, a PEG ratio of -3.34 and a beta of 1.33. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30.

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

Sprott Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, November 17th. This is an increase from Sprott’s previous quarterly dividend of $0.30. Sprott’s 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.