Sprott Inc. (SII) Soars 2.27% On Acquisition News

Sprott Inc. (SII) shares surged to a record high today, with an intraday gain of 2.27%.

The strategy of buying SII shares after they reach a recent high and selling them one week later delivered strong returns over the past five years. The strategy achieved a 131.45% return, vastly outperforming the benchmark, which remained at -100.00%. The excess return was 231.45%, indicating the strategy's ability to capitalize on price movements. With a maximum drawdown of 0.00% and a Sharpe ratio of 1.50, the strategy also showcased robust risk management, maintaining all principal investment during the backtested period. The volatility was 26.51%, which, together with the positive returns, suggests that the strategy effectively balanced risk and reward.

Sprott Inc. (SII) has been in the spotlight due to a significant acquisition announcement. Canaccord Genuity Corp. has agreed to acquire Sprott for $100 million USD, a development that was revealed on June 16, 2025. This acquisition is expected to influence investor sentiment and the overall market valuation of Sprott, potentially driving its stock price movements.

TD Securities has also played a role in shaping investor perceptions of Sprott. On May 8th, the firm raised its target price for Sprott from C$79.00 to C$84.00, while maintaining a "buy" rating. This upgrade is likely to boost investor confidence and contribute to the stock's price changes.