Sprott (TSE:SII) Reaches New 12-Month High – Still a Buy?

Sprott Inc. (TSE:SII) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$229.51 and last traded at C$229.50, with a volume of 19467 shares. The stock had previously closed at C$220.65.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada upgraded shares of Sprott from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$186.00 to C$218.00 in a report on Friday, February 20th. Canaccord Genuity Group lifted their price target on Sprott from C$130.00 to C$200.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. TD Securities upped their price target on shares of Sprott from C$176.00 to C$180.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Finally, BMO Capital Markets raised their price objective on shares of Sprott from C$162.00 to C$192.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Sprott currently has a consensus rating of “Moderate Buy” and an average target price of C$197.50.

Sprott Trading Up 2.8%

The company has a current ratio of 1.78, a quick ratio of 2.89 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of C$5.85 billion, a P/E ratio of 86.88, a P/E/G ratio of -3.34 and a beta of 1.44. The stock has a 50 day simple moving average of C$175.12 and a 200-day simple moving average of C$136.69.

Sprott (TSE:SII) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$1.49 earnings per share for the quarter. Sprott had a net margin of 24.67% and a return on equity of 20.71%. The business had revenue of C$143.61 million during the quarter. On average, equities research analysts forecast that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, March 2nd. Sprott’s dividend payout ratio is currently 49.81%.

About Sprott

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.