Sprott (NYSE:SII) Shares Gap Down – What’s Next?

Sprott Inc. (NYSE:SII)’s share price gapped down prior to trading on Monday . The stock had previously closed at $122.68, but opened at $116.45. Sprott shares last traded at $121.56, with a volume of 92,256 shares changing hands.

Wall Street Analysts Forecast Growth

SII has been the topic of several recent research reports. TD Securities restated a “hold” rating on shares of Sprott in a report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sprott in a report on Monday, December 29th. Finally, Royal Bank Of Canada assumed coverage on Sprott in a report on Wednesday, December 10th. They issued a “sector perform” rating and a $132.00 price target for the company. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Sprott Price Performance

The company has a 50 day simple moving average of $105.64 and a 200-day simple moving average of $86.55. The stock has a market capitalization of $3.07 billion, a P/E ratio of 63.53 and a beta of 1.02.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Sprott had a return on equity of 15.01% and a net margin of 23.26%.The business had revenue of $49.18 million during the quarter, compared to analyst estimates of $49.71 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Sprott by 29.1% during the 1st quarter. Royal Bank of Canada now owns 109,878 shares of the company’s stock worth $4,930,000 after purchasing an additional 24,763 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Sprott by 7.8% in the first quarter. Goldman Sachs Group Inc. now owns 59,917 shares of the company’s stock valued at $2,688,000 after purchasing an additional 4,326 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Sprott during the 2nd quarter worth $74,000. Tcfg Wealth Management LLC purchased a new position in Sprott during the 2nd quarter valued at about $703,000. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of Sprott during the second quarter worth about $9,559,000. Hedge funds and other institutional investors 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.