Mawer Investment Management Ltd. lifted its holdings in Sprott Inc. (NYSE:SII – Free Report) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,515,002 shares of the company’s stock after purchasing an additional 245,173 shares during the period. Mawer Investment Management Ltd. owned 5.87% of Sprott worth $148,349,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of Sprott in the fourth quarter worth about $34,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott in the fourth quarter worth about $59,000. Rialto Wealth Management LLC increased its stake in shares of Sprott by 26.0% in the fourth quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock worth $78,000 after purchasing an additional 165 shares during the period. Advisory Services Network LLC bought a new position in Sprott during the third quarter valued at about $74,000. Finally, Employees Retirement System of Texas bought a new position in Sprott during the fourth quarter valued at about $142,000. 28.30% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on SII. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada boosted their price target on Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a research note on Wednesday, May 20th. Finally, TD Securities restated a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sprott presently has a consensus rating of “Moderate Buy” and an average target price of $230.00.
Sprott Trading Up 1.4%
SII stock opened at $132.84 on Tuesday. Sprott Inc. has a 1-year low of $58.35 and a 1-year high of $169.63. The firm has a market cap of $3.42 billion, a P/E ratio of 40.62 and a beta of 0.78. The business’s 50 day moving average is $136.42 and its 200-day moving average is $123.65.
Sprott (NYSE:SII – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.93 by $0.20. The business had revenue of $80.75 million for the quarter, compared to the consensus estimate of $78.06 million. Sprott had a return on equity of 23.54% and a net margin of 21.99%.
Sprott Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. Sprott’s payout ratio is presently 48.93%.
Sprott 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.
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