Sprott (NYSE:SII) Posts Quarterly Earnings Results

Sprott (NYSE:SII) issued its earnings results on Wednesday. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12, Zacks reports. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Stock Up 2.5 %

SII stock traded up $1.09 during trading on Wednesday, reaching $43.88. 75,587 shares of the company traded hands, compared to its average volume of 78,107. The business has a 50 day simple moving average of $42.65 and a 200 day simple moving average of $43.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. Sprott has a 12 month low of $34.51 and a 12 month high of $48.00. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 24.15 and a beta of 1.08.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. Sprott’s payout ratio is 65.93%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group began coverage on Sprott in a research report on Tuesday, January 21st. They issued a “buy” rating for the company.

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.