Intact Investment Management Inc. Raises Stock Holdings in Sprott Inc. $SII

Key Points

• Intact Investment Management boosted its stake in Sprott by 62.1% in Q4 to 78,800 shares, valued at about $7.72 million (roughly 0.31% of the company).
• Several other institutional investors also increased exposure — notably Mawer (+74% to 1,269,829 shares, ~$105.6M) and Connor Clark & Lunn (+99.6% to 739,700 shares) — leaving institutional/hedge ownership around 28.3%.
• Sprott reported Q4 EPS of $1.11 (vs. $0.53 expected) but revenue missed at $61.7M (vs. $69.1M est.), has a market cap of $3.38B, pays a quarterly dividend of $0.40 (≈1.2% yield), and carries a consensus rating of Moderate Buy with an average target of $132.00.

Intact Investment Management Inc. boosted its stake in Sprott Inc. (NYSE:SII - Free Report) by 62.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,800 shares of the company's stock after buying an additional 30,200 shares during the period. Intact Investment Management Inc. owned approximately 0.31% of Sprott worth $7,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mawer Investment Management Ltd. increased its stake in Sprott by 74.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company's stock worth $105,637,000 after purchasing an additional 539,940 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Sprott during the third quarter worth about $711,000. Ritholtz Wealth Management purchased a new stake in Sprott during the third quarter worth about $968,000. Picton Mahoney Asset Management increased its stake in Sprott by 45.8% during the third quarter. Picton Mahoney Asset Management now owns 275,478 shares of the company's stock worth $22,894,000 after purchasing an additional 86,525 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Sprott by 99.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company's stock worth $61,466,000 after purchasing an additional 369,100 shares during the period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Stock Performance

SII stock opened at $131.29 on Monday. The company's 50 day moving average price is $145.66 and its 200 day moving average price is $116.76. Sprott Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $169.63. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 50.50 and a beta of 0.78.

Sprott (NYSE:SII - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $1.11 earnings per share for the quarter, topping 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 firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $69.12 million.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Monday, March 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, March 2nd. Sprott's dividend payout ratio is presently 61.54%.

Analyst Upgrades and Downgrades

SII has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Sprott from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Royal Bank Of Canada upgraded shares of Sprott from a "sector perform" rating to an "outperform" rating in a research note on Friday, February 20th. Finally, TD Securities reiterated a "hold" rating on shares of Sprott in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Sprott presently has a consensus 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.

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