Caprock Group LLC Makes New Investment in Sprott Inc. $SII

Caprock Group LLC bought a new stake in Sprott Inc. (NYSE:SII) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,135 shares of the company’s stock, valued at approximately $1,093,000.

A number of other hedge funds have also modified their holdings of the business. Allworth Financial LP acquired a new stake in shares of Sprott during the 2nd quarter worth about $28,000. Farther Finance Advisors LLC acquired a new position in Sprott in the third quarter valued at about $83,000. Pacifica Partners Inc. purchased a new position in Sprott during the third quarter worth about $98,000. Kera Capital Partners Inc. acquired a new stake in shares of Sprott during the third quarter valued at about $208,000. Finally, Financial Security Advisor Inc. acquired a new stake in shares of Sprott during the third quarter valued at about $229,000. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SII. Royal Bank Of Canada began coverage on shares of Sprott in a research report on Wednesday, December 10th. They set a “sector perform” rating and a $132.00 price objective for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Sprott in a research note on Monday, December 29th. Finally, TD Securities restated a “hold” rating on shares of Sprott in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Sprott has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Sprott Stock Performance

Shares of SII stock opened at $123.00 on Monday. Sprott Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $143.00. The company has a 50 day moving average price of $110.33 and a 200 day moving average price of $89.32. The stock has a market capitalization of $3.17 billion, a P/E ratio of 63.07 and a beta of 1.02.

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.