Sprott (SII) Set to Announce Earnings on Wednesday

Sprott (TSE:SII) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$49.93 million for the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%.

Sprott Stock Performance

Sprott stock opened at C$56.51 on Tuesday. The company has a debt-to-equity ratio of 7.96, a current ratio of 2.10 and a quick ratio of 2.89. Sprott has a 12 month low of C$38.43 and a 12 month high of C$58.29. The company has a fifty day moving average price of C$51.99 and a two-hundred day moving average price of C$47.43. The company has a market cap of C$1.46 billion, a PE ratio of 25.58, a P/E/G ratio of -3.34 and a beta of 1.43.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were given a $0.336 dividend. This is an increase from Sprott’s previous quarterly dividend of $0.25. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, March 1st. Sprott’s dividend payout ratio (DPR) is presently 61.36%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank of Canada raised their target price on shares of Sprott from C$54.00 to C$59.00 and gave the stock a “sector perform” rating in a report on Monday, April 29th. TD Securities raised their price target on Sprott from C$55.00 to C$58.00 in a report on Thursday, April 25th.

About Sprott

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.