Waratah Capital Advisors Ltd. Sells 50,394 Shares of Sprott Inc. $SII

Waratah Capital Advisors Ltd. lessened its holdings in Sprott Inc. (NYSE:SII) by 32.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,459 shares of the company’s stock after selling 50,394 shares during the quarter. Waratah Capital Advisors Ltd. owned about 0.41% of Sprott worth $8,856,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in Sprott during the 2nd quarter valued at about $28,000. Farther Finance Advisors LLC bought a new stake in shares of Sprott in the 3rd quarter worth $83,000. Pacifica Partners Inc. purchased a new position in shares of Sprott in the third quarter worth $98,000. TD Waterhouse Canada Inc. increased its holdings in Sprott by 110.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,786 shares of the company’s stock worth $190,000 after buying an additional 1,462 shares in the last quarter. Finally, Indie Asset Partners LLC bought a new position in Sprott during the 3rd quarter valued at about $201,000. 28.30% of the stock is owned by institutional investors.

Sprott Price Performance

SII stock opened at $156.92 on Wednesday. Sprott Inc. has a 1-year low of $39.33 and a 1-year high of $158.67. The business has a 50 day simple moving average of $116.20 and a two-hundred day simple moving average of $92.70. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 60.35 and a beta of 1.02.

Sprott (NYSE:SII) last released its quarterly earnings data on Thursday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.58. Sprott had a net margin of 23.62% and a return on equity of 19.47%. The firm had revenue of $61.70 million for the quarter, compared to analysts’ expectations of $69.12 million.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Monday, March 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Sprott’s dividend payout ratio is presently 61.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada raised Sprott from a “sector perform” rating to an “outperform” rating in a report on Friday. TD Securities restated a “hold” rating on shares of Sprott in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sprott in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprott currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Sprott Profile

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.