Sprott (TSE:SII) Hits New 12-Month High Following Analyst Upgrade

Shares of Sprott Inc. (TSE:SII) hit a new 52-week high during trading on Monday after Royal Bank Of Canada raised their price target on the stock from C$132.00 to C$186.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Sprott traded as high as C$187.80 and last traded at C$184.77, with a volume of 56226 shares trading hands. The stock had previously closed at C$180.84.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Sprott from C$109.00 to C$123.00 in a research note on Thursday, November 6th. TD Securities boosted their price target on shares of Sprott from C$130.00 to C$176.00 and gave the company a “hold” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$139.00.

Sprott Price Performance

The stock has a 50-day simple moving average of C$139.26 and a 200 day simple moving average of C$116.83. The stock has a market capitalization of C$4.74 billion, a P/E ratio of 93.75, a price-to-earnings-growth ratio of -3.34 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30.

Sprott (TSE:SII) last released its earnings results on Wednesday, November 5th. The company reported C$0.51 earnings per share for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%.The company had revenue of C$90.66 million during the quarter. On average, equities analysts forecast that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, November 17th. This is a boost from Sprott’s previous quarterly dividend of $0.30. Sprott’s dividend payout ratio is currently 61.22%.

Sprott Company Profile

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.