Sprott (NYSE:SII) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Sprott (NYSE:SII) from a "buy" to a "hold," though the stock's consensus remains a Moderate Buy with an average target price of $132.00.
• Sprott reported quarterly EPS of $1.11, beating estimates by $0.58, but revenue of $61.7 million missed expectations; the company posted a 23.62% net margin and 19.47% return on equity.
• Shares opened at $130.65, the company has a $3.37 billion market cap and a PE of 50.25, with the 50‑day moving average at $145.37 and institutional ownership around 28.3%.

Sprott (NYSE:SII - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Several other equities research analysts have also recently issued reports on the company. TD Securities restated a "hold" rating on shares of Sprott in a report on Friday, February 20th. Royal Bank Of Canada upgraded Sprott from a "sector perform" rating to an "outperform" rating in a report on Friday, February 20th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Sprott in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.00.

Sprott Stock Performance

Shares of NYSE:SII opened at $130.65 on Friday. The business's fifty day moving average price is $145.37 and its two-hundred day moving average price is $115.12. The stock has a market cap of $3.37 billion, a PE ratio of 50.25 and a beta of 0.98. Sprott has a one year low of $50.56 and a one year high of $169.63.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $61.70 million for the quarter, compared to analysts' expectations of $69.12 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Sprott in the fourth quarter valued at $34,000. Caitong International Asset Management Co. Ltd boosted its holdings in Sprott by 63.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company's stock valued at $38,000 after acquiring an additional 150 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Sprott in the fourth quarter valued at $59,000. Rialto Wealth Management LLC boosted its holdings in Sprott by 26.0% in the fourth quarter. Rialto Wealth Management LLC now owns 800 shares of the company's stock valued at $78,000 after acquiring an additional 165 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Sprott in the third quarter valued at $74,000. Institutional investors and hedge funds own 28.30% of the company's stock.

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.

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