BMO Capital Markets Begins Coverage on Sprott (NYSE:SII)

BMO Capital Markets initiated coverage on shares of Sprott (NYSE:SII - Free Report) in a report published on Friday, MarketBeat reports. The firm issued an outperform rating on the stock.

Separately, Canaccord Genuity Group initiated coverage on Sprott in a research report on Tuesday, January 21st. They set a "buy" rating on the stock.

Sprott Trading Down 0.1 %

NYSE SII traded down $0.03 during trading on Friday, reaching $41.95. 249,344 shares of the stock traded hands, compared to its average volume of 102,447. The stock's 50-day moving average price is $42.74 and its 200 day moving average price is $43.11. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 23.05 and a beta of 1.08. Sprott has a fifty-two week low of $34.51 and a fifty-two week high of $48.00.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.12. The company had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

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Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, March 10th. Sprott's dividend payout ratio is 63.16%.

Institutional Investors Weigh In On Sprott

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Sprott in the 4th quarter valued at about $20,936,000. CWA Asset Management Group LLC bought a new position in shares of Sprott during the third quarter worth about $9,843,000. Global Alpha Capital Management Ltd. raised its position in Sprott by 47.1% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company's stock valued at $25,453,000 after buying an additional 187,993 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Sprott in the 4th quarter valued at approximately $7,039,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Sprott by 757.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company's stock worth $7,794,000 after acquiring an additional 163,427 shares in the last quarter. 28.30% of the stock is owned by institutional investors.

Sprott Company Profile

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.