Sprott (TSE:SII) Issues Earnings Results

Sprott (TSE:SII) posted its quarterly earnings results on Wednesday. The company reported C$1.22 EPS for the quarter, FiscalAI reports. The company had revenue of C$106.95 million during the quarter. Sprott had a net margin of 26.68% and a return on equity of 28.39%.

Sprott Stock Performance

Shares of SII traded up C$4.65 on Wednesday, reaching C$152.00. The stock had a trading volume of 54,516 shares, compared to its average volume of 76,856. The firm has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of -3.34 and a beta of 1.72. The company has a 50-day simple moving average of C$167.83 and a 200-day simple moving average of C$175.54. Sprott has a 12-month low of C$111.41 and a 12-month high of C$230.43.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, December 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 16th. This is a boost from Sprott’s previous quarterly dividend of $0.40. Sprott’s dividend payout ratio (DPR) is 36.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SII shares. BMO Capital Markets lowered their price objective on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Royal Bank Of Canada reduced their target price on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. TD upped their target price on Sprott from C$170.00 to C$175.00 and gave the company a “hold” rating in a report on Thursday, August 6th. RBC Dominion Securities upped their target price on Sprott from C$204.00 to C$207.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Finally, Canaccord Genuity Group dropped their price target on Sprott from C$230.00 to C$183.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$190.67.

Sprott Company Profile

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the Company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).