Picton Mahoney Asset Management Has $22.89 Million Position in Sprott Inc. $SII

Picton Mahoney Asset Management boosted its position in Sprott Inc. (NYSE:SII) by 45.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 275,478 shares of the company’s stock after buying an additional 86,525 shares during the period. Picton Mahoney Asset Management’s holdings in Sprott were worth $22,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Sprott Inc. lifted its holdings in shares of Sprott by 3.7% during the third quarter. Sprott Inc. now owns 1,645,582 shares of the company’s stock worth $136,896,000 after buying an additional 59,101 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in Sprott by 74.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company’s stock worth $105,637,000 after purchasing an additional 539,940 shares in the last quarter. Norges Bank acquired a new stake in Sprott in the 2nd quarter worth about $40,161,000. Invesco Ltd. bought a new stake in Sprott in the 2nd quarter valued at about $28,948,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Sprott during the 2nd quarter worth approximately $28,299,000. Institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of NYSE:SII opened at $159.43 on Wednesday. Sprott Inc. has a 1 year low of $39.33 and a 1 year high of $167.47. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 61.32 and a beta of 0.94. The company’s 50 day simple moving average is $122.78 and its 200 day simple moving average is $96.11.

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

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Monday, March 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.60 annualized dividend and a yield of 1.0%. Sprott’s dividend payout ratio (DPR) is 61.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Sprott from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Sprott in a research note on Monday, December 29th. TD Securities reiterated a “hold” rating on shares of Sprott in a research report on Friday, February 20th. Finally, Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Sprott currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Sprott Company 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.