Sprott (TSE:SII) Sets New 52-Week High – Time to Buy?

Sprott Inc. (TSE:SII) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$227.26 and last traded at C$225.36, with a volume of 91807 shares traded. The stock had previously closed at C$217.73.

Wall Street Analysts Forecast Growth

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

Sprott Trading Up 3.2%

The business has a fifty day moving average price of C$168.41 and a 200 day moving average price of C$132.95. 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 cap of C$5.79 billion, a PE ratio of 86.08, a P/E/G ratio of -3.34 and a beta of 1.36.

Sprott (TSE:SII) last released its quarterly earnings data on Thursday, February 19th. The company reported C$1.49 earnings per share for the quarter. The company had revenue of C$143.61 million for the quarter. Sprott had a net margin of 24.67% and a return on equity of 20.71%. Analysts forecast that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 17th will be given a $0.40 dividend. 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 0.7%. Sprott’s payout ratio is 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.