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

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

Several other equities research analysts have also recently commented on the stock. Royal Bank Of Canada boosted their price target on shares of Sprott from $218.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday. TD Securities reaffirmed a "hold" rating on shares of Sprott in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $230.00.

Sprott Stock Down 1.0%

NYSE SII opened at $140.92 on Friday. The firm's 50 day moving average is $145.04 and its 200-day moving average is $117.89. The company has a market capitalization of $3.63 billion, a PE ratio of 43.10 and a beta of 0.78. Sprott has a 12-month low of $52.45 and a 12-month high of $169.63.

Sprott (NYSE:SII - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.93 by $0.20. The business had revenue of $80.75 million during the quarter, compared to analysts' expectations of $78.06 million. Sprott had a net margin of 21.99% and a return on equity of 23.54%.

Hedge Funds Weigh In On Sprott

A number of hedge funds and other institutional investors have recently bought and sold shares of SII. Mawer Investment Management Ltd. raised its stake in Sprott by 74.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company's stock valued at $105,637,000 after buying an additional 539,940 shares during the period. Capital Research Global Investors boosted its stake in shares of Sprott by 88.1% during the 4th quarter. Capital Research Global Investors now owns 991,339 shares of the company's stock worth $97,101,000 after acquiring an additional 464,177 shares during the period. Invesco Ltd. acquired a new position in shares of Sprott during the 2nd quarter worth approximately $28,948,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Sprott by 99.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company's stock worth $61,466,000 after acquiring an additional 369,100 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Sprott by 1,514.9% in the 3rd quarter. Vanguard Group Inc. now owns 314,811 shares of the company's stock valued at $26,165,000 after acquiring an additional 295,317 shares during the period. Institutional investors own 28.30% of the company's stock.

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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