Sprott (NYSE:SII) Trading 5.5% Higher – Still a Buy?

Sprott Inc. (NYSE:SII)’s share price traded up 5.5% during mid-day trading on Friday . The company traded as high as $141.86 and last traded at $138.0240. 78,387 shares were traded during trading, a decline of 70% from the average session volume of 261,170 shares. The stock had previously closed at $130.79.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SII. TD Securities restated a “hold” rating on shares of Sprott in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Sprott in a research report on Monday, December 29th. Finally, Royal Bank Of Canada upgraded Sprott from a “sector perform” rating to an “outperform” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sprott currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Sprott Trading Up 8.4%

The business has a 50-day moving average price of $112.81 and a 200-day moving average price of $90.61. The firm has a market cap of $3.66 billion, a P/E ratio of 72.72 and a beta of 1.02.

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Sprott’s dividend payout ratio (DPR) is 82.05%.

Hedge Funds Weigh In On Sprott

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP purchased a new position in shares of Sprott in the 2nd quarter valued at $28,000. Flagship Harbor Advisors LLC bought a new position in Sprott in the fourth quarter worth about $34,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Sprott by 63.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock valued at $38,000 after buying an additional 150 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott in the 4th quarter valued at about $59,000. Finally, Advisory Services Network LLC purchased a new position in shares of Sprott in the 3rd quarter worth approximately $74,000. 28.30% of the stock is currently owned by institutional investors.

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.