Sprott (TSE:SII) Sets New 1-Year High – Should You Buy?

Sprott Inc. (TSE:SII) reached a new 52-week high on Thursday . The stock traded as high as C$225.42 and last traded at C$225.19, with a volume of 84329 shares trading hands. The stock had previously closed at C$222.09.

Analyst Upgrades and Downgrades

Several research firms recently commented on SII. TD Securities raised their price target on shares of Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada upgraded shares of Sprott from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$186.00 to C$218.00 in a report on Friday, February 20th. BMO Capital Markets raised their price objective on Sprott from C$162.00 to C$192.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, Canaccord Genuity Group upped their target price on Sprott from C$130.00 to C$200.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

Sprott Stock 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 company has a fifty day moving average of C$165.07 and a two-hundred day moving average of C$130.53. The stock has a market capitalization of C$5.70 billion, a P/E ratio of 112.87, a price-to-earnings-growth ratio of -3.34 and a beta of 1.36.

Sprott (TSE:SII) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$1.49 earnings per share for the quarter. The business had revenue of C$143.61 million during the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. On average, equities analysts anticipate that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, March 2nd. Sprott’s dividend payout ratio is currently 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.