Sprott Inc. Boosts Stock Position in Sprott Inc. $SII

Sprott Inc. grew its position in shares of Sprott Inc. (NYSE:SII) by 3.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,645,582 shares of the company’s stock after acquiring an additional 59,101 shares during the period. Sprott comprises about 4.8% of Sprott Inc.’s holdings, making the stock its 3rd largest holding. Sprott Inc. owned about 6.38% of Sprott worth $136,896,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

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

Sprott Stock Performance

Shares of SII stock opened at $165.11 on Tuesday. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 63.50 and a beta of 0.94. Sprott Inc. has a one year low of $39.33 and a one year high of $167.47. The company’s 50-day moving average is $121.62 and its 200 day moving average is $95.45.

Sprott (NYSE:SII) last issued its earnings results on Thursday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $61.70 million during the quarter, compared to analysts’ expectations of $69.12 million.

Sprott Announces Dividend

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 given 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 is 61.54%.

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.