Sprott saw its IBD SmartSelect Composite Rating jump to 97 Tuesday, up from 94 the day before.
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Sprott is not currently near a proper buy zone. 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 earns an 88 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 88% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company reported an 88% increase in earnings for Q3. Sales growth climbed 35%, up from 32% in the prior quarter. The company has now posted accelerating growth in each of the last two reports.
Sprott holds the No. 9 rank among its peers in the Finance-Investment Management industry group. KKR, Blue Owl Capital and WisdomTree are among the top 5 highly-rated stocks within the group.
