Sprott Inc. to Post FY2018 Earnings of $0.15 Per Share, Desjardins Forecasts (SII)

Sprott Inc. (TSE:SII) – Analysts at Desjardins lifted their FY2018 EPS estimates for shares of Sprott in a report issued on Sunday, May 13th. Desjardins analyst G. Ho now anticipates that the company will post earnings of $0.15 per share for the year, up from their previous forecast of $0.13.

Sprott (TSE:SII) last issued its quarterly earnings data on Friday, May 11th. The company reported C$0.05 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.03. Sprott had a net margin of 12.08% and a return on equity of 2.93%. The firm had revenue of C$31.52 million for the quarter.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets upped their target price on shares of Sprott from C$2.50 to C$2.75 in a research note on Tuesday, January 30th. Royal Bank of Canada downgraded shares of Sprott from a “sector perform” rating to an “underperform” rating and upped their target price for the stock from C$2.75 to C$3.25 in a research note on Monday, March 5th. Finally, TD Securities downgraded shares of Sprott from a “hold” rating to a “reduce” rating and set a C$2.75 target price on the stock. in a research note on Tuesday, March 6th.

Shares of Sprott opened at C$3.23 on Wednesday, MarketBeat Ratings reports. Sprott has a one year low of C$1.92 and a one year high of C$3.62.

In other Sprott news, Director Peter Grosskopf sold 55,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of C$3.09, for a total value of C$169,950.00. Also, insider Eric S. Sprott sold 111,300 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$3.14, for a total transaction of C$349,482.00. Over the last ninety days, insiders have sold 612,888 shares of company stock worth $1,979,043.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Monday, May 21st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, May 17th.

Sprott Company Profile

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.

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