Sprott (SII) to Release Quarterly Earnings on Wednesday

Sprott (TSE:SII) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 7th.

Sprott (TSE:SII) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.59 earnings per share for the quarter. The company had revenue of C$56.01 million for the quarter. Sprott had a net margin of 26.79% and a return on equity of 14.92%.

Sprott Price Performance

Shares of TSE SII opened at C$61.53 on Thursday. The stock has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 25.74, a PEG ratio of -3.34 and a beta of 1.40. Sprott has a 12 month low of C$38.43 and a 12 month high of C$64.30. The firm’s 50 day simple moving average is C$59.83 and its 200-day simple moving average is C$54.73. The company has a debt-to-equity ratio of 7.51, a current ratio of 2.27 and a quick ratio of 2.89.

Sprott Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.63%. Sprott’s dividend payout ratio (DPR) is 56.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Sprott from C$59.00 to C$61.00 in a research report on Friday, May 10th. TD Securities raised their price objective on Sprott from C$66.00 to C$68.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

About Sprott

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.