8,547 Shares in Sprott Inc. $SII Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new stake in shares of Sprott Inc. (NYSE:SII) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,547 shares of the company’s stock, valued at approximately $711,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SII. Mawer Investment Management Ltd. raised its holdings in shares of Sprott by 74.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company’s stock valued at $105,637,000 after buying an additional 539,940 shares during the last quarter. Norges Bank acquired a new stake in Sprott in the 2nd quarter valued at approximately $40,161,000. Invesco Ltd. bought a new stake in Sprott during the 2nd quarter valued at $28,948,000. Hillsdale Investment Management Inc. bought a new stake in Sprott during the 2nd quarter valued at $28,299,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Sprott by 5,047.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,600 shares of the company’s stock worth $25,634,000 after acquiring an additional 363,400 shares during the period. Institutional investors own 28.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SII shares. Royal Bank Of Canada raised Sprott from a “sector perform” rating to an “outperform” rating in a research note on Friday. Wall Street Zen upgraded shares of Sprott from a “hold” rating to a “buy” rating in a research report on Saturday. TD Securities reissued a “hold” rating on shares of Sprott in a research note on Friday. Finally, Weiss Ratings reaffirmed 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Sprott Stock Up 10.3%

Shares of SII stock opened at $144.23 on Monday. The stock has a 50-day simple moving average of $113.82 and a 200 day simple moving average of $91.47. The stock has a market capitalization of $3.72 billion, a P/E ratio of 55.47 and a beta of 1.02. Sprott Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $144.36.

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

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Monday, March 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, March 2nd. Sprott’s dividend payout ratio (DPR) is presently 82.05%.

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.