BMO Capital Markets Initiates Coverage on Sprott (NYSE:SII)

BMO Capital Markets began coverage on shares of Sprott (NYSE:SII) in a report released on Friday,Briefing.com Automated Import reports. The firm set an “outperform” rating on the stock.

Separately, Canaccord Genuity Group began coverage on shares of Sprott in a research note on Tuesday, January 21st. They issued a “buy” rating for the company.

Sprott Stock Performance

SII opened at $42.96 on Friday. Sprott has a 12-month low of $34.51 and a 12-month high of $48.00. The firm has a market capitalization of $1.11 billion, a P/E ratio of 23.60 and a beta of 1.08. The stock’s 50 day moving average price is $42.68 and its two-hundred day moving average price is $43.05. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII) last announced its earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The business had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Hedge Funds Weigh In On Sprott

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. boosted its position in Sprott by 1,685.7% in the third quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock valued at $541,000 after buying an additional 11,800 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in 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 acquiring an additional 187,993 shares during the last quarter. Barclays PLC increased its holdings in Sprott by 7,753.4% during the 3rd quarter. Barclays PLC now owns 4,555 shares of the company’s stock valued at $197,000 after purchasing an additional 4,497 shares in the last quarter. Franklin Resources Inc. acquired a new position in Sprott in the third quarter worth $231,000. Finally, O Brien Greene & Co. Inc increased its stake in shares of Sprott by 42.1% in the fourth quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company’s stock valued at $1,139,000 after buying an additional 8,000 shares in the last quarter. 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.