Sprott (NYSE:SII) Upgraded at Wall Street Zen

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

A number of other research firms also recently issued reports on SII. Royal Bank Of Canada raised Sprott from a “sector perform” rating to an “outperform” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sprott in a research note on Monday, December 29th. Finally, TD Securities reiterated a “hold” rating on shares of Sprott in a report on Friday. Three 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

Sprott Trading Up 10.3%

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

Institutional Investors Weigh In On Sprott

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP bought a new position in Sprott during the second quarter worth $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Sprott during the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd lifted its position 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 buying an additional 150 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott in the 4th quarter worth about $59,000. Finally, Advisory Services Network LLC acquired a new position in shares of Sprott in the 3rd quarter valued at about $74,000. 28.30% of the stock is owned by institutional investors and hedge funds.

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.