Sprott (TSE:SII) Announces Earnings Results

Sprott (TSE:SII - Get Free Report) posted its earnings results on Wednesday. The company reported C$0.46 earnings per share (EPS) for the quarter, RTT News reports. Sprott had a return on equity of 15.02% and a net margin of 28.20%.

Sprott Trading Up 0.8 %

Shares of SII traded up C$0.50 during midday trading on Friday, hitting C$61.37. 75,222 shares of the stock were exchanged, compared to its average volume of 26,460. Sprott has a 52-week low of C$46.59 and a 52-week high of C$66.31. The stock has a fifty day simple moving average of C$61.28 and a 200 day simple moving average of C$60.15. The firm has a market cap of C$1.10 billion, a P/E ratio of 23.92, a P/E/G ratio of -3.34 and a beta of 1.45. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.96%. Sprott's dividend payout ratio is currently 52.61%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SII. TD Securities raised their target price on Sprott from C$70.00 to C$71.00 and gave the stock a "buy" rating in a research note on Friday. Canaccord Genuity Group raised their target price on Sprott from C$67.00 to C$71.00 and gave the stock a "buy" rating in a research note on Thursday.

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Sprott Company Profile

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company's branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.