Sprott (NYSE:SII) Earns Outperform Rating from Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of Sprott (NYSE:SII) in a report issued on Friday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating on the stock.

Separately, Canaccord Genuity Group started coverage on shares of Sprott in a report on Tuesday, January 21st. They set a “buy” rating on the stock.

Sprott Price Performance

Shares of NYSE:SII opened at $44.50 on Friday. The company’s fifty day moving average price is $42.73 and its 200-day moving average price is $43.10. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 24.45 and a beta of 1.08. Sprott has a one year low of $34.51 and a one year high of $48.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30.

Sprott (NYSE:SII) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 2.70%. Sprott’s payout ratio is currently 63.16%.

Institutional Investors Weigh In On Sprott

Institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Sprott during the 4th quarter valued at $25,000. Rialto Wealth Management LLC purchased a new stake in Sprott during the 4th quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in Sprott during the 3rd quarter valued at $32,000. Jones Financial Companies Lllp boosted its position in Sprott by 919.8% during the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock valued at $35,000 after buying an additional 745 shares during the period. Finally, US Bancorp DE boosted its position in Sprott by 40.3% during the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors 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.