Sprott (NYSE:SII) Earns Buy Rating from Analysts at Canaccord Genuity Group

Investment analysts at Canaccord Genuity Group initiated coverage on shares of Sprott (NYSE:SII) in a report released on Tuesday. The firm set a “buy” rating on the stock.

Sprott Stock Performance

Shares of Sprott stock opened at $43.46 on Tuesday. The business has a 50-day simple moving average of $42.88 and a 200-day simple moving average of $43.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. Sprott has a one year low of $34.51 and a one year high of $48.00. The company has a market cap of $1.12 billion, a PE ratio of 23.88 and a beta of 1.08.

Sprott (NYSE:SII) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The company had revenue of $46.51 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. CWA Asset Management Group LLC purchased a new stake in Sprott during the third quarter worth approximately $9,843,000. Global Alpha Capital Management Ltd. lifted its position in shares of Sprott by 47.1% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock worth $25,453,000 after buying an additional 187,993 shares during the last quarter. Lloyd Harbor Capital Management LLC purchased a new stake in shares of Sprott during the 2nd quarter worth approximately $6,002,000. Regal Partners Ltd acquired a new position in shares of Sprott in the 3rd quarter valued at $2,875,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Sprott during the 2nd quarter worth $1,495,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Company Profile

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.