Sprott (TSE:SII) Hits New 12-Month High – Time to Buy?

Shares of Sprott Inc. (TSE:SII) hit a new 52-week high during trading on Monday . The company traded as high as C$145.80 and last traded at C$145.80, with a volume of 15807 shares trading hands. The stock had previously closed at C$138.89.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Sprott from C$109.00 to C$123.00 in a report on Thursday, November 6th. Royal Bank Of Canada set a C$132.00 price target on shares of Sprott and gave the company a “sector perform” rating in a research report on Wednesday, December 10th. Finally, TD Securities raised their price target on shares of Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Sprott currently has an average rating of “Moderate Buy” and a consensus price target of C$112.75.

Sprott Trading Up 1.6%

The stock has a market cap of C$3.82 billion, a P/E ratio of 75.63, a price-to-earnings-growth ratio of -3.34 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The firm’s fifty day simple moving average is C$127.90 and its 200-day simple moving average is C$110.07.

Sprott (TSE:SII) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.51 earnings per share for the quarter. The company had revenue of C$90.66 million during the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. Equities research analysts expect that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Sprott’s previous quarterly dividend of $0.30. Sprott’s dividend payout ratio (DPR) is presently 61.22%.

About Sprott

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.