Sprott (TSE:SII) Hits New 52-Week High Following Analyst Upgrade

Sprott Inc. (TSE:SII)’s stock price hit a new 52-week high during mid-day trading on Monday after Royal Bank Of Canada raised their price target on the stock from C$132.00 to C$186.00. Royal Bank Of Canada currently has a sector perform 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 traded. The stock had previously closed at C$180.84.

Several other brokerages have also weighed in on SII. BMO Capital Markets increased their price objective on shares of Sprott from C$109.00 to C$123.00 in a report on Thursday, November 6th. TD Securities upped their price target on shares of Sprott from C$130.00 to C$176.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Sprott presently has a consensus rating of “Moderate Buy” and a consensus price target of C$139.00.

Sprott Stock Down 1.7%

The firm’s 50-day moving average price is C$140.45 and its 200-day moving average price is C$117.41. The company has a market cap of C$4.66 billion, a price-to-earnings ratio of 92.12, a price-to-earnings-growth ratio of -3.34 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89.

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 net margin of 28.20% and a return on equity of 15.02%. The business had revenue of C$90.66 million for the quarter. Sell-side analysts forecast that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.40 per share. This is a boost from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 17th. Sprott’s 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.