Dimensional Fund Advisors LP Raises Holdings in Sprott Inc. $SII

Key Points

• Dimensional Fund Advisors increased its Sprott stake by 7.6% in the first quarter, bringing its holdings to 128,338 shares valued at approximately $18.3 million. Institutional investors and hedge funds collectively own 28.3% of Sprott.
• Analyst sentiment remains generally positive, with Sprott carrying a “Moderate Buy” consensus rating and an average price target of $230. Royal Bank of Canada raised its target to $230 and maintained an “outperform” rating, while other firms issued hold or downgraded ratings.
• Sprott reported quarterly EPS of $1.33, narrowly missing estimates, while revenue of $71.78 million fell short of the $82.45 million consensus. The company declared a quarterly dividend of $0.40, equivalent to a 1.4% annual yield.

Dimensional Fund Advisors LP lifted its position in Sprott Inc. (NYSE:SII - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,338 shares of the company's stock after acquiring an additional 9,029 shares during the period. Dimensional Fund Advisors LP owned 0.50% of Sprott worth $18,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intact Investment Management Inc. increased its stake in shares of Sprott by 62.1% in the fourth quarter. Intact Investment Management Inc. now owns 78,800 shares of the company's stock worth $7,718,000 after acquiring an additional 30,200 shares during the period. Mawer Investment Management Ltd. raised its stake in shares of Sprott by 19.3% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,515,002 shares of the company's stock valued at $148,349,000 after buying an additional 245,173 shares during the last quarter. Sage Investment Advisers LLC purchased a new position in shares of Sprott during the 4th quarter valued at about $830,000. Plus Group Wealth Advisors LLC acquired a new position in shares of Sprott in the 4th quarter valued at about $490,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in Sprott by 194.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 11,164 shares of the company's stock valued at $1,058,000 after acquiring an additional 7,378 shares during the period. Institutional investors and hedge funds own 28.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SII. Weiss Ratings lowered Sprott from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. TD Securities reiterated a "hold" rating on shares of Sprott in a research report on Thursday. Royal Bank Of Canada boosted their price objective on Sprott from $218.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, May 7th. Finally, Wall Street Zen cut Sprott from a "buy" rating to a "hold" rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $230.00.

Sprott Stock Performance

Shares of Sprott stock opened at $117.83 on Friday. The company has a market capitalization of $3.03 billion, a P/E ratio of 28.88 and a beta of 0.83. Sprott Inc. has a 1 year low of $61.94 and a 1 year high of $169.63. The company's fifty day moving average is $113.72 and its two-hundred day moving average is $129.33.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.01). Sprott had a net margin of 26.36% and a return on equity of 28.40%. The firm had revenue of $71.78 million during the quarter, compared to analyst estimates of $82.45 million. During the same quarter in the previous year, the business earned $0.52 EPS.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Sprott's dividend payout ratio (DPR) is 48.93%.

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.

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