Intact Investment Management Inc. Has $4.04 Million Position in Sprott Inc. $SII

Intact Investment Management Inc. lifted its position in shares of Sprott Inc. (NYSE:SII) by 81.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,600 shares of the company’s stock after purchasing an additional 21,800 shares during the period. Intact Investment Management Inc. owned 0.19% of Sprott worth $4,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SII. CIBC Asset Management Inc grew its holdings in Sprott by 1.8% during the third quarter. CIBC Asset Management Inc now owns 19,921 shares of the company’s stock worth $1,654,000 after purchasing an additional 360 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Sprott by 7.0% in the third quarter. Evergreen Capital Management LLC now owns 8,391 shares of the company’s stock valued at $698,000 after buying an additional 550 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of Sprott during the 3rd quarter worth approximately $968,000. Kera Capital Partners Inc. bought a new stake in Sprott in the 3rd quarter valued at $208,000. Finally, Kathmere Capital Management LLC lifted its holdings in Sprott by 7.3% during the 3rd quarter. Kathmere Capital Management LLC now owns 3,284 shares of the company’s stock valued at $273,000 after purchasing an additional 223 shares during the last quarter. 28.30% of the stock is owned by institutional investors.

Sprott Stock Performance

SII opened at $133.91 on Tuesday. Sprott Inc. has a one year low of $39.33 and a one year high of $137.20. The company has a market cap of $3.45 billion, a P/E ratio of 68.67 and a beta of 1.02. The business’s 50-day simple moving average is $100.47 and its 200-day simple moving average is $84.21.

Sprott (NYSE:SII) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Sprott had a return on equity of 15.01% and a net margin of 23.26%.The firm had revenue of $49.18 million during the quarter, compared to the consensus estimate of $49.71 million.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, November 17th. This represents a $1.60 annualized dividend and a yield of 1.2%. This is an increase from Sprott’s previous quarterly dividend of $0.30. Sprott’s dividend payout ratio (DPR) is 82.05%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SII. Royal Bank Of Canada assumed coverage on shares of Sprott in a report on Wednesday, December 10th. They issued a “sector perform” rating and a $132.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Sprott in a report on Monday, December 29th. Finally, TD Securities restated a “hold” rating on shares of Sprott in a report on Friday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sprott has an average rating of “Moderate Buy” and an average price target of $132.00.

Sprott Profile

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.