TD Asset Management Inc Acquires 101,683 Shares of Sprott Inc. $SII

TD Asset Management Inc lifted its holdings in shares of Sprott Inc. (NYSE:SII) by 109.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,382 shares of the company’s stock after purchasing an additional 101,683 shares during the quarter. TD Asset Management Inc owned 0.75% of Sprott worth $19,065,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jupiter Asset Management Ltd. bought a new position in Sprott in the third quarter valued at approximately $711,000. Picton Mahoney Asset Management increased its stake in Sprott by 45.8% in the third quarter. Picton Mahoney Asset Management now owns 275,478 shares of the company’s stock valued at $22,894,000 after acquiring an additional 86,525 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Sprott by 99.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock valued at $61,466,000 after acquiring an additional 369,100 shares during the last quarter. Spark Investment Management LLC bought a new position in Sprott in the third quarter valued at approximately $665,000. Finally, CWA Asset Management Group LLC increased its stake in Sprott by 58.2% in the fourth quarter. CWA Asset Management Group LLC now owns 71,604 shares of the company’s stock valued at $7,011,000 after acquiring an additional 26,341 shares during the last quarter. 28.30% of the stock is owned by institutional investors.

Sprott Price Performance

Shares of Sprott stock opened at $122.69 on Monday. Sprott Inc. has a fifty-two week low of $61.42 and a fifty-two week high of $169.63. The firm has a market capitalization of $3.16 billion, a P/E ratio of 37.52 and a beta of 0.76. The company’s 50 day moving average price is $135.76 and its two-hundred day moving average price is $124.77.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.20. Sprott had a net margin of 21.99% and a return on equity of 23.54%. The firm had revenue of $80.75 million for the quarter, compared to analyst estimates of $78.06 million.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were given a $0.40 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Sprott’s dividend payout ratio (DPR) is currently 48.93%.

Wall Street Analyst Weigh In

SII has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada lifted their price objective on shares of Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. TD Securities reissued a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Sprott has an average rating of “Moderate Buy” and an average target price of $230.00.

Sprott Company Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.