Sprott Inc. (TSE:SII)’s share price dropped 4% during mid-day trading on Friday . The stock traded as low as C$2.15 and last traded at C$2.15. Approximately 161,498 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 158,842 shares. The stock had previously closed at C$2.24.

SII has been the subject of several recent research reports. Desjardins cut shares of Sprott from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. TD Securities reduced their price objective on shares of Sprott from C$2.75 to C$2.50 and set a “hold” rating on the stock in a research note on Monday, August 14th. Seven equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of C$2.54.

The stock has a market cap of $499.62 million and a P/E ratio of 28.29. The company’s 50 day moving average price is $2.15 and its 200-day moving average price is $2.26.

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Sprott Company Profile

Sprott Inc is an alternative asset management company. The Company has five segments: Sprott Asset Management LP (SAM), Global Companies, Sprott Resource Lending Corp. (SRLC), Consulting, and Corporate & Other. The SAM segment offers discretionary portfolio management, as well as asset management services to its branded Funds and Managed Accounts.

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