Sprott (NYSE:SII) Hits New 1-Year High – Here’s Why

by · The Cerbat Gem

Sprott Inc. (NYSE:SII – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $94.85 and last traded at $95.0650, with a volume of 9830 shares traded. The stock had previously closed at $92.46.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sprott in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Read Our Latest Report on Sprott

Sprott Price Performance

The firm has a market cap of $2.46 billion, a P/E ratio of 48.86 and a beta of 1.00. The stock’s 50 day moving average is $86.08 and its two-hundred day moving average is $74.03.

Sprott (NYSE:SII – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Sprott had a return on equity of 15.01% and a net margin of 23.26%.The firm had revenue of $49.18 million during the quarter, compared to analyst estimates of $49.71 million.

Sprott Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.7%. Sprott’s dividend payout ratio (DPR) is 82.05%.

Institutional Investors Weigh In On Sprott

A number of large investors have recently bought and sold shares of SII. Kathmere Capital Management LLC boosted its stake in Sprott by 7.3% in the third quarter. Kathmere Capital Management LLC now owns 3,284 shares of the company’s stock worth $273,000 after purchasing an additional 223 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Sprott by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company’s stock valued at $1,056,000 after buying an additional 225 shares during the last quarter. National Bank of Canada FI lifted its position in Sprott by 1.5% during the 3rd quarter. National Bank of Canada FI now owns 19,927 shares of the company’s stock worth $1,650,000 after buying an additional 292 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Sprott by 1.8% during the 3rd quarter. CIBC Asset Management Inc now owns 19,921 shares of the company’s stock worth $1,654,000 after acquiring an additional 360 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Sprott by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,360 shares of the company’s stock valued at $362,000 after acquiring an additional 360 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors.

Sprott Company Profile

(Get Free Report)

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.

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