Sprott Inc. $SII Shares Purchased by Copeland Capital Management LLC

Key Points

• Copeland Capital Management dramatically increased its Sprott stake by purchasing 286,392 additional shares in the third quarter, bringing its holdings to 286,504 shares valued at approximately $34.2 million.
• Other institutional investors also raised or initiated positions, with hedge funds and institutions collectively owning 28.3% of Sprott stock.
• Sprott reported quarterly EPS of $1.33, slightly below estimates, while revenue of $71.78 million missed expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $230, compared with the reported share price of $115.26.

Copeland Capital Management LLC increased its stake in Sprott Inc. (NYSE:SII - Free Report) by 255,707.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 286,504 shares of the company's stock after purchasing an additional 286,392 shares during the quarter. Copeland Capital Management LLC owned about 1.11% of Sprott worth $34,203,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in Sprott by 121.7% during the 1st quarter. Bank of America Corp DE now owns 134,756 shares of the company's stock valued at $19,257,000 after buying an additional 73,982 shares in the last quarter. Royal Bank of Canada increased its position in shares of Sprott by 29.4% during the first quarter. Royal Bank of Canada now owns 198,432 shares of the company's stock valued at $28,355,000 after buying an additional 45,120 shares during the period. WCM Investment Management LLC bought a new stake in shares of Sprott during the first quarter valued at about $17,068,000. Empowered Funds LLC bought a new stake in shares of Sprott during the first quarter valued at about $1,521,000. Finally, Sapient Capital LLC lifted its holdings in shares of Sprott by 1,943.4% in the first quarter. Sapient Capital LLC now owns 46,262 shares of the company's stock worth $6,578,000 after buying an additional 43,998 shares in the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Stock Up 0.5%

Shares of NYSE SII opened at $115.26 on Wednesday. The firm has a market capitalization of $2.96 billion, a P/E ratio of 28.25 and a beta of 0.95. The stock's 50-day simple moving average is $124.01 and its two-hundred day simple moving average is $124.52. Sprott Inc. has a twelve month low of $78.79 and a twelve month high of $169.63.

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

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 17th. Sprott's payout ratio is currently 39.22%.

Analyst Ratings Changes

SII has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Sprott from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Wall Street Zen lowered shares of Sprott from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, TD Securities reaffirmed a "hold" rating on shares of Sprott in a report on Thursday, August 6th. Two 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, Sprott presently has a consensus rating of "Moderate Buy" and an average target price of $230.00.

Sprott Profile

Sprott Inc NYSE: SII is an alternative asset management company focused primarily on precious metals, real assets and specialized investment strategies. Through its subsidiaries and investment platforms, the company manages assets for institutional and individual investors seeking exposure to areas such as gold, silver, uranium, energy-transition materials and other natural resources.

Sprott offers a range of investment products and services, including exchange-listed funds, closed-end funds, physical bullion trusts, private equity and private credit strategies, managed accounts and institutional mandates.

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