Sprott (NYSE:SII) Issues Quarterly Earnings Results

Sprott (NYSE:SII) posted its quarterly earnings data on Wednesday. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12, Zacks reports. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Stock Up 2.5 %

Shares of Sprott stock traded up $1.09 during trading on Wednesday, reaching $43.88. 75,587 shares of the company traded hands, compared to its average volume of 78,107. The company has a 50 day moving average price of $42.65 and a 200-day moving average price of $43.01. The firm has a market capitalization of $1.13 billion, a PE ratio of 24.15 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. Sprott has a 1-year low of $34.51 and a 1-year high of $48.00.

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.73%. Sprott’s dividend payout ratio is presently 65.93%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group assumed coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a “buy” rating on the stock.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.