Sprott (NYSE:SII - Get Free Report) issued its earnings results on Wednesday. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.12, Zacks reports. The company had revenue of $36.80 million during the quarter, compared to analysts' expectations of $38.45 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.
Sprott Trading Up 0.5 %
SII stock traded up $0.22 during trading on Friday, hitting $42.47. 104,500 shares of the company traded hands, compared to its average volume of 81,826. The firm has a market capitalization of $1.10 billion, a PE ratio of 23.33 and a beta of 1.08. Sprott has a 1 year low of $34.51 and a 1 year high of $48.00. The company has a 50-day moving average of $42.69 and a 200-day moving average of $43.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30.
Sprott Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Monday, March 10th. Sprott's dividend payout ratio is presently 63.16%.
Analyst Ratings Changes
Separately, Canaccord Genuity Group began coverage on Sprott in a report on Tuesday, January 21st. They set a "buy" rating for the company.
View Our Latest Stock Report on Sprott
About Sprott
(
Get Free Report)
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.
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