TD Asset Management Inc Has $19.07 Million Stock Position in Sprott Inc. $SII

TD Asset Management Inc lifted its holdings in shares of Sprott Inc. (NYSE:SII) by 109.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 194,382 shares of the company’s stock after acquiring an additional 101,683 shares during the quarter. TD Asset Management Inc’s holdings in Sprott were worth $19,065,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new position in shares of Sprott during the third quarter worth $711,000. Picton Mahoney Asset Management lifted its holdings in shares of Sprott by 45.8% during the third quarter. Picton Mahoney Asset Management now owns 275,478 shares of the company’s stock worth $22,894,000 after purchasing an additional 86,525 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Sprott by 99.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock worth $61,466,000 after purchasing an additional 369,100 shares during the period. Spark Investment Management LLC acquired a new position in shares of Sprott during the third quarter worth $665,000. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Sprott by 58.2% during the fourth quarter. CWA Asset Management Group LLC now owns 71,604 shares of the company’s stock worth $7,011,000 after purchasing an additional 26,341 shares during the period. Institutional investors and hedge funds own 28.30% of the company’s stock.

Analysts Set New Price Targets

SII has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. TD Securities reiterated a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Sprott Stock Down 0.1%

SII stock opened at $122.69 on Monday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 37.52 and a beta of 0.76. Sprott Inc. has a 12-month low of $61.42 and a 12-month high of $169.63. The company’s fifty day simple moving average is $135.76 and its 200 day simple moving average is $124.77.

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

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were issued a $0.40 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 1.3%. Sprott’s payout ratio is presently 48.93%.

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.