Sprott (TSE:SII) Trading 19.8% Higher – What’s Next?

Shares of Sprott Inc. (TSE:SII) were up 19.8% during mid-day trading on Wednesday . The stock traded as high as C$208.79 and last traded at C$207.65. Approximately 169,155 shares were traded during trading, an increase of 74% from the average daily volume of 97,017 shares. The stock had previously closed at C$173.38.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Canaccord Genuity Group increased their price target on Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research report on Thursday. TD Securities raised their price objective on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada boosted their price objective on Sprott from C$218.00 to C$230.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD upped their target price on Sprott from C$190.00 to C$205.00 and gave the stock a “hold” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$211.00.

Sprott Stock Down 0.8%

The company’s 50-day moving average price is C$199.13 and its 200-day moving average price is C$162.53. The firm has a market cap of C$4.98 billion, a price-to-earnings ratio of 73.93, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56.

Sprott (TSE:SII) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share for the quarter. The firm had revenue of C$198.75 million during the quarter. Sprott had a net margin of 22.41% and a return on equity of 24.78%. Analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, May 19th. Sprott’s payout ratio is 49.81%.

Sprott Company Profile

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company’s closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company’s branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.