Sprott saw its IBD SmartSelect Composite Rating rise to 97 Friday, up from 93 the day before.
The upgrade means the stock is now outperforming 97% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Sprott is not currently near a proper entry. Look for the stock to form and break out of a new chart pattern. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
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The stock sports an 88 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 88% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported an 88% increase in earnings for Q3. Top line growth rose 35%, up from 32% in the prior report. That marks two consecutive reports with rising growth.
Sprott earns the No. 7 rank among its peers in the Finance-Investment Management industry group. Janus Henderson Group, KKR and Blue Owl Capital are among the top 5 highly-rated stocks within the group.
