Sprott Inc. $SII Stock Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its stake in shares of Sprott Inc. (NYSE:SII) by 345.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 37,448 shares of the company’s stock after acquiring an additional 29,043 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sprott were worth $4,237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Copeland Capital Management LLC grew its holdings in shares of Sprott by 255,707.1% during the 3rd quarter. Copeland Capital Management LLC now owns 286,504 shares of the company’s stock worth $34,203,000 after purchasing an additional 286,392 shares in the last quarter. Royal Bank of Canada increased its position in shares of Sprott by 29.4% in the first quarter. Royal Bank of Canada now owns 198,432 shares of the company’s stock worth $28,355,000 after purchasing an additional 45,120 shares during the period. Bank of America Corp DE increased its position in shares of Sprott by 121.7% in the first quarter. Bank of America Corp DE now owns 134,756 shares of the company’s stock worth $19,257,000 after purchasing an additional 73,982 shares during the period. Dimensional Fund Advisors LP raised its stake in Sprott by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 128,338 shares of the company’s stock valued at $18,330,000 after purchasing an additional 9,029 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in Sprott in the first quarter valued at about $17,068,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Price Performance

Shares of NYSE:SII opened at $105.97 on Wednesday. The company’s 50 day simple moving average is $123.20 and its 200 day simple moving average is $123.48. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 25.97 and a beta of 0.95. Sprott Inc. has a 1 year low of $78.79 and a 1 year high of $169.63.

Sprott (NYSE:SII) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.01). Sprott had a net margin of 26.36% and a return on equity of 28.40%. The firm had revenue of $71.78 million for the quarter, compared to analyst estimates of $82.45 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.40 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. Sprott’s dividend payout ratio (DPR) is presently 39.22%.

Analyst Ratings Changes

Several research firms recently weighed in on SII. Weiss Ratings raised shares of Sprott from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded shares of Sprott from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, TD Securities reissued a “hold” rating on shares of Sprott in a report on Thursday, August 6th. Two equities research 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 has an average rating of “Moderate Buy” and an average target price of $230.00.

Sprott Profile

Sprott Inc is an alternative asset manager focused on precious metals and other real assets. The company provides investment solutions designed to give investors exposure to gold, silver, uranium, energy transition materials, and natural resources.

Its offerings include exchange-traded funds, closed-end funds, physical bullion trusts, managed accounts, and private-market strategies. Sprott’s products may invest directly in physical commodities, resource companies, or assets connected to the natural resources and real asset sectors.

Founded in 1981, Sprott serves institutional and individual investors across North America and international markets.