Sprott Inc. $SII Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. grew its position in Sprott Inc. (NYSE:SII) by 46.3% during the third quarter, Holdings Channel.com reports. The firm owned 116,110 shares of the company’s stock after acquiring an additional 36,720 shares during the period. Cibc World Market Inc.’s holdings in Sprott were worth $9,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kathmere Capital Management LLC increased its holdings in 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 buying an additional 223 shares during the last quarter. The Manufacturers Life Insurance Company boosted 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 acquiring an additional 225 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of 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 acquiring an additional 360 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Sprott in the 2nd quarter valued at about $28,000. Finally, Evergreen Capital Management LLC raised its position in shares of Sprott by 7.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 8,391 shares of the company’s stock worth $698,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Trading Up 4.0%

SII stock opened at $123.00 on Friday. The company has a market capitalization of $3.17 billion, a P/E ratio of 63.07 and a beta of 1.02. The business has a 50 day simple moving average of $110.33 and a 200-day simple moving average of $89.03. Sprott Inc. has a twelve month low of $39.33 and a twelve month high of $143.00.

Wall Street Analyst Weigh In

Several equities analysts have commented on SII shares. Royal Bank Of Canada began coverage on shares of Sprott in a research note on Wednesday, December 10th. They issued a “sector perform” rating and a $132.00 price target on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Sprott in a report on Monday, December 29th. Finally, TD Securities reaffirmed a “hold” rating on shares of Sprott in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.