Sprott (TSE:SII) Reaches New 12-Month High After Analyst Upgrade

Sprott Inc. (TSE:SII)’s stock price hit a new 52-week high during trading on Monday after TD Securities raised their price target on the stock from C$130.00 to C$176.00. TD Securities currently has a hold rating on the stock. Sprott traded as high as C$187.80 and last traded at C$184.77, with a volume of 56226 shares trading hands. The stock had previously closed at C$180.84.

Other equities research analysts have also issued reports about the company. 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 Sprott from C$109.00 to C$123.00 in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Sprott presently has a consensus rating of “Moderate Buy” and an average price target of C$125.50.

Sprott Price Performance

The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89. The firm’s 50 day simple moving average is C$137.99 and its 200 day simple moving average is C$116.21. The stock has a market capitalization of C$4.72 billion, a PE ratio of 93.32, a P/E/G ratio of -3.34 and a beta of 1.32.

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

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were paid a dividend of $0.40 per share. This is a positive change from Sprott’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, November 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Sprott’s dividend payout ratio is presently 61.22%.

Sprott Company Profile

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.