Sprott (NYSE:SII) Sets New 12-Month High - Time to Buy?

Key Points

• Sprott Inc. (NYSE:SII) reached a new 52-week high of $86.36 during trading, highlighting a strong performance trend for the stock.
• Analyst ratings are mixed, with TD Securities downgrading Sprott to a "hold," while Weiss Ratings maintained a "buy" rating, leading to an overall average rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 1.4% with a payout ratio of 62.18%.

Sprott Inc. (NYSE:SII - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.36 and last traded at $86.16, with a volume of 8989 shares. The stock had previously closed at $84.15.

Analyst Ratings Changes

SII has been the topic of several recent analyst reports. TD Securities downgraded Sprott from a "buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Sprott in a research note on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Sprott Stock Performance

The company has a 50 day moving average price of $69.89 and a two-hundred day moving average price of $62.04. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 45.08 and a beta of 0.99.

Sprott (NYSE:SII - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. The business had revenue of $41.97 million during the quarter, compared to analysts' expectations of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Sprott's dividend payout ratio is currently 62.18%.

Institutional Trading of Sprott

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in Sprott during the 2nd quarter worth approximately $28,000. Tacita Capital Inc acquired a new position in shares of Sprott in the 1st quarter valued at $35,000. Ameritas Advisory Services LLC acquired a new stake in shares of Sprott during the second quarter worth about $74,000. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in shares of Sprott by 34.1% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,599 shares of the company's stock valued at $110,000 after acquiring an additional 407 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake in Sprott by 110.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,786 shares of the company's stock worth $190,000 after purchasing an additional 1,462 shares during the period. Institutional investors and hedge funds own 28.30% of the company's stock.

About Sprott

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.

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