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

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

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sprott in a research note on Monday, December 29th. TD Securities restated a “hold” rating on shares of Sprott in a research report on Friday. Finally, Royal Bank Of Canada upgraded shares of Sprott from a “sector perform” rating to an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

Sprott Trading Up 10.3%

Shares of Sprott stock opened at $144.23 on Friday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 73.96 and a beta of 1.02. Sprott has a twelve month low of $39.33 and a twelve month high of $144.36. The business’s 50 day simple moving average is $113.82 and its 200-day simple moving average is $91.14.

Institutional Investors Weigh In On Sprott

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in Sprott in the 2nd quarter valued at about $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Sprott during the 4th quarter worth about $34,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Sprott by 63.8% in 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. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott in the 4th quarter worth approximately $59,000. Finally, Advisory Services Network LLC bought a new position in shares of Sprott in the third quarter valued at approximately $74,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

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.