Sprott Inc. $SII Holdings Raised by Capital Research Global Investors

Capital Research Global Investors grew its position in Sprott Inc. (NYSE:SII) by 88.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 991,339 shares of the company’s stock after buying an additional 464,177 shares during the period. Capital Research Global Investors’ holdings in Sprott were worth $97,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SII. Flagship Harbor Advisors LLC bought a new stake in shares of Sprott in the 4th quarter valued at approximately $34,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott in the 4th quarter valued at approximately $59,000. Advisory Services Network LLC bought a new stake in shares of Sprott in the 3rd quarter valued at approximately $74,000. Rialto Wealth Management LLC boosted its position in Sprott by 26.0% during the 4th quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock valued at $78,000 after purchasing an additional 165 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in Sprott during the 4th quarter valued at approximately $142,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Price Performance

NYSE:SII opened at $121.32 on Tuesday. Sprott Inc. has a 12-month low of $61.42 and a 12-month high of $169.63. The firm has a market capitalization of $3.13 billion, a P/E ratio of 37.10 and a beta of 0.76. The business has a 50 day simple moving average of $135.52 and a 200 day simple moving average of $125.02.

Sprott (NYSE:SII) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.20. Sprott had a return on equity of 23.54% and a net margin of 21.99%.The company had revenue of $80.75 million during the quarter, compared to analyst estimates of $78.06 million.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, May 19th. Sprott’s payout ratio is 48.93%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SII shares. TD Securities restated a “hold” rating on shares of Sprott in a research report on Thursday, May 7th. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Royal Bank Of Canada boosted their price objective on Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a research report on Wednesday, May 20th. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

Sprott Company Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.