Sprott's (SII) Buy (B) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings reaffirmed Sprott's stock rating as "buy," while TD Securities downgraded it from "buy" to "hold," indicating mixed analyst sentiments.
• Sprott's shares closed at $82.06, with a market capitalization of $2.12 billion and a PE ratio of 42.52.
• The company reported an EPS of $0.52 for the last quarter, exceeding analyst expectations of $0.38 despite lower than expected revenue.

Sprott (NYSE:SII - Get Free Report)'s stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Separately, TD Securities cut Sprott from a "buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Sprott has a consensus rating of "Moderate Buy".

Sprott Stock Up 0.8%

Shares of Sprott stock opened at $82.06 on Friday. Sprott has a 12 month low of $39.33 and a 12 month high of $89.58. The business has a fifty day simple moving average of $75.14 and a 200 day simple moving average of $66.04. The stock has a market cap of $2.12 billion, a PE ratio of 42.52 and a beta of 0.99.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.14. Sprott had a return on equity of 15.04% and a net margin of 25.21%.The business had revenue of $41.97 million during the quarter, compared to analysts' expectations of $44.66 million.

Institutional Trading of Sprott

Institutional investors have recently modified their holdings of the company. Allworth Financial LP acquired a new position in shares of Sprott during the second quarter worth about $28,000. Tacita Capital Inc acquired a new position in shares of Sprott during the first quarter worth about $35,000. Ameritas Advisory Services LLC acquired a new position in shares of Sprott during the second quarter worth about $74,000. Farther Finance Advisors LLC acquired a new position in shares of Sprott during the third quarter worth about $83,000. Finally, Pacifica Partners Inc. acquired a new position in shares of Sprott during the third quarter worth about $98,000. 28.30% of the stock is currently owned by institutional investors.

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.

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