TD Waterhouse Canada Inc. Acquires 7,378 Shares of Sprott Inc. $SII

TD Waterhouse Canada Inc. boosted its holdings in Sprott Inc. (NYSE:SII) by 194.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,164 shares of the company’s stock after acquiring an additional 7,378 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sprott were worth $1,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SII. Royal Bank of Canada lifted its position in Sprott by 29.1% in the 1st quarter. Royal Bank of Canada now owns 109,878 shares of the company’s stock valued at $4,930,000 after acquiring an additional 24,763 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Sprott by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,917 shares of the company’s stock valued at $2,688,000 after acquiring an additional 4,326 shares in the last quarter. Invesco Ltd. bought a new position in Sprott in the 2nd quarter valued at approximately $28,948,000. Sei Investments Co. bought a new position in Sprott in the 2nd quarter valued at approximately $203,000. Finally, The Manufacturers Life Insurance Company lifted its position in Sprott by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company’s stock valued at $1,056,000 after acquiring an additional 225 shares in the last quarter. 28.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

SII has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sprott in a research report on Monday, December 29th. Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research report on Friday, February 20th. Finally, Royal Bank Of Canada raised Sprott from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Sprott currently has an average rating of “Moderate Buy” and an average price target of $132.00.

Sprott Price Performance

NYSE SII opened at $129.65 on Friday. The business’s fifty day moving average price is $145.21 and its 200-day moving average price is $114.81. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 49.86 and a beta of 0.98. Sprott Inc. has a 1-year low of $50.56 and a 1-year high of $169.63.

Sprott (NYSE:SII) last released its quarterly earnings results on Thursday, February 19th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.58. Sprott had a return on equity of 19.47% and a net margin of 23.62%.The firm had revenue of $61.70 million for the quarter, compared to analysts’ expectations of $69.12 million.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Monday, March 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 2nd. Sprott’s dividend payout ratio (DPR) is currently 61.54%.

About Sprott

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.