Sprott (NYSE:SII) Earns Buy Rating from Analysts at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Sprott (NYSE:SII) in a report issued on Tuesday morning, Marketbeat reports. The firm issued a buy rating on the stock.

Sprott Stock Down 0.3 %

SII opened at $43.34 on Tuesday. The business has a 50 day simple moving average of $42.90 and a 200-day simple moving average of $43.06. Sprott has a 12 month low of $34.51 and a 12 month high of $48.00. The stock has a market capitalization of $1.12 billion, a P/E ratio of 23.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30.

Sprott (NYSE:SII) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The business had revenue of $46.51 million for the quarter.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $0.30 dividend. This is a positive change from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.77%. The ex-dividend date was Monday, November 18th. Sprott’s dividend payout ratio is presently 65.93%.

Institutional Investors Weigh In On Sprott

Large investors have recently made changes to their positions in the business. CWA Asset Management Group LLC acquired a new stake in shares of Sprott in the third quarter valued at about $9,843,000. Global Alpha Capital Management Ltd. boosted its holdings in Sprott by 47.1% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock worth $25,453,000 after acquiring an additional 187,993 shares during the period. Lloyd Harbor Capital Management LLC acquired a new stake in Sprott in the second quarter valued at approximately $6,002,000. Regal Partners Ltd purchased a new stake in shares of Sprott during the third quarter valued at approximately $2,875,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Sprott during the second quarter worth $1,495,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

About Sprott

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.