Cibc World Market Inc. Decreases Stake in Sprott Inc. $SII

Cibc World Market Inc. lowered its position in Sprott Inc. (NYSE:SII) by 11.2% during the fourth quarter, HoldingsChannel reports. The firm owned 103,107 shares of the company’s stock after selling 13,003 shares during the period. Cibc World Market Inc.’s holdings in Sprott were worth $10,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sprott Inc. lifted its holdings in Sprott by 3.7% in the 3rd quarter. Sprott Inc. now owns 1,645,582 shares of the company’s stock valued at $136,896,000 after purchasing an additional 59,101 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in Sprott by 19.3% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,515,002 shares of the company’s stock valued at $148,349,000 after purchasing an additional 245,173 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Sprott by 99.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock valued at $61,466,000 after purchasing an additional 369,100 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Sprott by 82.3% in the 4th quarter. Vanguard Group Inc. now owns 573,923 shares of the company’s stock valued at $56,215,000 after purchasing an additional 259,112 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Sprott by 98.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 488,978 shares of the company’s stock valued at $40,660,000 after purchasing an additional 242,021 shares in the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SII shares. TD Securities restated a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada lifted their price target on Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Sprott Stock Down 5.5%

NYSE SII opened at $122.69 on Friday. Sprott Inc. has a 52 week low of $61.42 and a 52 week high of $169.63. The business’s fifty day simple moving average is $135.76 and its 200-day simple moving average is $124.50. The firm has a market cap of $3.16 billion, a PE ratio of 37.52 and a beta of 0.76.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.20. The firm had revenue of $80.75 million for the quarter, compared to analyst estimates of $78.06 million. Sprott had a net margin of 21.99% and a return on equity of 23.54%.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, May 19th. Sprott’s payout ratio is 48.93%.

Sprott Company Profile

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.