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

Equities researchers at Canaccord Genuity Group initiated coverage on shares of Sprott (NYSE:SII) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

Sprott Trading Up 3.2 %

Shares of SII stock traded up $1.36 during trading hours on Tuesday, hitting $43.32. The company had a trading volume of 26,410 shares, compared to its average volume of 68,141. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The stock has a market capitalization of $1.12 billion, a PE ratio of 23.80 and a beta of 1.08. The company’s fifty day moving average is $42.87 and its 200 day moving average is $43.06. Sprott has a fifty-two week low of $34.51 and a fifty-two week high of $48.00.

Hedge Funds Weigh In On Sprott

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

About Sprott

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.