Sprott (NYSE:SII) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Sprott from “buy” to “hold,” although analysts’ overall consensus remains “Moderate Buy” with a $230 target price.
• Sprott shares rose 4.9% to $117.83, but the company slightly missed quarterly earnings and revenue expectations, reporting $1.33 in EPS and $71.78 million in revenue.
• Institutional investors and hedge funds own 28.3% of Sprott, with several firms recently initiating or increasing positions in the alternative asset manager.

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

SII has been the subject of several other reports. Royal Bank Of Canada upped their target price on shares of Sprott from $218.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Sprott from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Finally, TD Securities restated a "hold" rating on shares of Sprott in a report on Thursday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sprott presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.00.

Sprott Stock Up 4.9%

Shares of NYSE SII opened at $117.83 on Friday. The business's 50 day moving average is $113.72 and its two-hundred day moving average is $129.33. The company has a market cap of $3.03 billion, a P/E ratio of 28.88 and a beta of 0.83. Sprott has a 12 month low of $61.94 and a 12 month high of $169.63.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.01). Sprott had a net margin of 26.36% and a return on equity of 28.40%. The business had revenue of $71.78 million during the quarter, compared to the consensus estimate of $82.45 million. During the same period in the prior year, the company posted $0.52 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in Sprott in the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd increased its holdings in Sprott by 63.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company's stock valued at $38,000 after buying an additional 150 shares during the period. Plato Investment Management Ltd bought a new stake in Sprott in the 2nd quarter valued at $46,000. Grove Bank & Trust acquired a new position in shares of Sprott in the 2nd quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Sprott by 63.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company's stock valued at $57,000 after buying an additional 155 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.

About Sprott

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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