Sprott (TSE:SII) Announces Earnings Results

Sprott (TSE:SII) announced its quarterly earnings data on Wednesday. The company reported C$1.22 earnings per share for the quarter, FiscalAI reports. Sprott had a net margin of 27.73% and a return on equity of 29.76%. The business had revenue of C$106.95 million for the quarter.

Sprott Stock Up 0.1%

TSE:SII opened at C$157.66 on Friday. The stock has a market cap of C$4.05 billion, a price-to-earnings ratio of 38.64, a PEG ratio of -3.34 and a beta of 1.66. The company’s 50 day moving average price is C$166.53 and its 200-day moving average price is C$175.51. Sprott has a 52 week low of C$113.74 and a 52 week high of C$230.43.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, December 1st will be paid a $0.50 dividend. This is a boost from Sprott’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, November 16th. Sprott’s payout ratio is currently 36.76%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Canaccord Genuity Group dropped their price target on Sprott from C$230.00 to C$183.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. TD lifted their price objective on Sprott from C$170.00 to C$175.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. RBC Dominion Securities lifted their price objective on Sprott from C$204.00 to C$207.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. BMO Capital Markets dropped their target price on Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada cut their target price on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$190.67.

Sprott Company Profile

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the Company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).