Sprott Inc. (NYSE:SII – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $122.27, but opened at $116.17. Sprott shares last traded at $118.6690, with a volume of 14,930 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on SII shares. TD Securities reiterated a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada upped their price objective on shares of Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.00.
Read Our Latest Stock Analysis on SII
Sprott Stock Performance
Sprott (NYSE:SII – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.93 by $0.20. The firm had revenue of $80.75 million during 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. Sprott’s dividend payout ratio (DPR) is presently 48.93%.
Institutional Trading of Sprott
Large investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC purchased a new position in shares of Sprott in the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Sprott by 63.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock valued at $38,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Sprott by 63.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company’s stock valued at $57,000 after acquiring an additional 155 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Sprott in the 4th quarter valued at $59,000. Finally, Advisory Services Network LLC purchased a new position in Sprott in the 3rd quarter worth $74,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.
About Sprott
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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