Capital Research Global Investors Increases Stock Holdings in Sprott Inc. $SII

Capital Research Global Investors lifted its stake in shares of Sprott Inc. (NYSE:SII) by 88.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 991,339 shares of the company’s stock after buying an additional 464,177 shares during the quarter. Capital Research Global Investors owned 3.84% of Sprott worth $97,101,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Cumberland Partners Ltd raised its holdings in shares of Sprott by 0.4% during the 4th quarter. Cumberland Partners Ltd now owns 32,300 shares of the company’s stock valued at $3,167,000 after buying an additional 120 shares during the period. Rialto Wealth Management LLC increased its holdings in Sprott by 26.0% during the 4th quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock worth $78,000 after purchasing an additional 165 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in Sprott by 5.3% during the 4th quarter. Kathmere Capital Management LLC now owns 3,458 shares of the company’s stock worth $339,000 after purchasing an additional 174 shares during the last quarter. MGO One Seven LLC increased its holdings in Sprott by 2.5% during the 4th quarter. MGO One Seven LLC now owns 8,190 shares of the company’s stock worth $802,000 after purchasing an additional 200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Sprott by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company’s stock worth $1,056,000 after purchasing an additional 225 shares during the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Stock Down 1.2%

SII stock opened at $121.32 on Tuesday. Sprott Inc. has a 52-week low of $61.42 and a 52-week high of $169.63. The stock’s 50 day moving average is $135.52 and its two-hundred day moving average is $125.02. The company has a market capitalization of $3.13 billion, a PE ratio of 37.10 and a beta of 0.76.

Sprott (NYSE:SII) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.20. Sprott had a return on equity of 23.54% and a net margin of 21.99%.The business had revenue of $80.75 million during the quarter, compared to the consensus estimate of $78.06 million.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 19th. Sprott’s payout ratio is 48.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. TD Securities restated a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sprott presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

About Sprott

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.