Cumberland Partners Ltd Purchases Shares of 32,180 Sprott Inc. $SII

Cumberland Partners Ltd bought a new position in Sprott Inc. (NYSE:SII) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 32,180 shares of the company’s stock, valued at approximately $2,673,000. Cumberland Partners Ltd owned about 0.12% of Sprott at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its stake in Sprott by 7.3% during the 3rd quarter. Kathmere Capital Management LLC now owns 3,284 shares of the company’s stock valued at $273,000 after acquiring an additional 223 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Sprott by 1.5% in the second 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 during the period. CIBC Asset Management Inc raised its holdings in shares of Sprott by 1.8% during the third quarter. CIBC Asset Management Inc now owns 19,921 shares of the company’s stock worth $1,654,000 after purchasing an additional 360 shares during the last quarter. Allworth Financial LP acquired a new position in Sprott during the second quarter valued at $28,000. Finally, Evergreen Capital Management LLC boosted its holdings in Sprott by 7.0% in the third quarter. Evergreen Capital Management LLC now owns 8,391 shares of the company’s stock valued at $698,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Performance

Shares of SII stock opened at $123.74 on Thursday. Sprott Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $143.00. The stock’s fifty day moving average is $112.07 and its two-hundred day moving average is $90.33. The firm has a market capitalization of $3.19 billion, a P/E ratio of 63.46 and a beta of 1.02.

Wall Street Analysts Forecast Growth

SII has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Sprott in a research report on Monday, December 29th. Royal Bank Of Canada assumed 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. Finally, TD Securities restated a “hold” rating on shares of Sprott in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

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.