Wall Street Zen Downgrades Sprott (NYSE:SII) to Hold

Sprott (NYSE:SII) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the company. TD Securities reiterated a “hold” rating on shares of Sprott in a report on Thursday. Weiss Ratings downgraded shares of Sprott from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada lifted their target price on Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprott has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

Sprott Stock Down 0.0%

Shares of NYSE:SII opened at $117.83 on Friday. Sprott has a 52-week low of $61.94 and a 52-week high of $169.63. The stock’s fifty day simple moving average is $113.72 and its 200-day simple moving average is $129.42. The company has a market capitalization of $3.03 billion, a P/E ratio of 28.88 and a beta of 0.83.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.01). The company had revenue of $71.78 million for the quarter, compared to analyst estimates of $82.45 million. Sprott had a net margin of 26.36% and a return on equity of 28.40%. During the same period in the previous year, the business earned $0.52 EPS.

Institutional Trading of Sprott

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new stake in shares of Sprott during the 4th quarter valued at $34,000. Caitong International Asset Management Co. Ltd boosted its position in Sprott by 63.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock worth $38,000 after acquiring an additional 150 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Sprott during the second quarter worth approximately $46,000. Grove Bank & Trust purchased a new position in shares of Sprott during the 2nd quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC grew its stake in Sprott by 63.0% in the first quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company’s stock valued at $57,000 after purchasing an additional 155 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors.

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.