Sprott Inc. $SII Shares Sold by State of Wyoming

State of Wyoming cut its holdings in Sprott Inc. (NYSE:SII) by 81.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 975 shares of the company’s stock after selling 4,364 shares during the quarter. State of Wyoming’s holdings in Sprott were worth $80,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SII. Kathmere Capital Management LLC lifted its holdings in shares of Sprott by 7.3% in the third quarter. Kathmere Capital Management LLC now owns 3,284 shares of the company’s stock valued at $273,000 after purchasing an additional 223 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Sprott by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company’s stock worth $1,056,000 after purchasing an additional 225 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Sprott by 1.8% in the 3rd quarter. CIBC Asset Management Inc now owns 19,921 shares of the company’s stock valued at $1,654,000 after buying an additional 360 shares in the last quarter. Allworth Financial LP purchased a new stake in Sprott in the 2nd quarter valued at approximately $28,000. Finally, Evergreen Capital Management LLC grew its holdings in Sprott by 7.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 8,391 shares of the company’s stock valued at $698,000 after buying an additional 550 shares during the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Stock Up 4.0%

Shares of Sprott stock opened at $123.00 on Friday. Sprott Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $143.00. The business’s fifty day moving average is $110.33 and its two-hundred day moving average is $89.03. The firm has a market cap of $3.17 billion, a PE ratio of 63.07 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SII shares. TD Securities reissued 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 research report on Monday, December 29th. Finally, Royal Bank Of Canada started coverage on shares of Sprott in a research note on Wednesday, December 10th. They issued a “sector perform” rating and a $132.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

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.