Sprott Inc. $SII Stock Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its holdings in Sprott Inc. (NYSE:SII) by 15.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,122,186 shares of the company’s stock after selling 198,520 shares during the quarter. Sprott comprises approximately 1.0% of Mawer Investment Management Ltd.’s portfolio, making the stock its 26th biggest position. Mawer Investment Management Ltd.’s holdings in Sprott were worth $133,967,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SII. Copeland Capital Management LLC raised its position in Sprott by 255,707.1% in the 3rd quarter. Copeland Capital Management LLC now owns 286,504 shares of the company’s stock worth $34,203,000 after buying an additional 286,392 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Sprott by 29.4% during the 1st quarter. Royal Bank of Canada now owns 198,432 shares of the company’s stock valued at $28,355,000 after acquiring an additional 45,120 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Sprott by 121.7% during the 1st quarter. Bank of America Corp DE now owns 134,756 shares of the company’s stock valued at $19,257,000 after acquiring an additional 73,982 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sprott by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 128,338 shares of the company’s stock valued at $18,330,000 after acquiring an additional 9,029 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in shares of Sprott in the first quarter worth approximately $17,068,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Securities reissued a “hold” rating on shares of Sprott in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Sprott from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen cut shares of Sprott from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sprott presently has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Sprott Stock Performance

Shares of SII stock traded down $0.55 on Friday, reaching $106.95. The stock had a trading volume of 98,809 shares, compared to its average volume of 132,840. Sprott Inc. has a 1 year low of $80.53 and a 1 year high of $169.63. The stock has a market cap of $2.75 billion, a P/E ratio of 24.14 and a beta of 0.96. The company has a 50 day simple moving average of $116.35 and a 200 day simple moving average of $125.99.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.17). The firm had revenue of $66.88 million for the quarter, compared to analysts’ expectations of $72.67 million. Sprott had a net margin of 27.87% and a return on equity of 29.66%.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Sprott’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.9%. Sprott’s payout ratio is 36.12%.

Sprott Company Profile

Sprott Inc. is an alternative asset manager focused on precious metals and other natural resources. Through its asset-management businesses, the company offers investment strategies and products for individual and institutional investors. Its offerings include physical bullion trusts and exchange-traded funds, as well as managed accounts and private investment strategies. Sprott’s resource-focused investments include precious metals and materials used in the energy transition. Headquartered in Toronto, Sprott serves investors in North America and other markets through its investment products and services.