Sprott (TSE:SII) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Sprott (TSE:SII) had its price target lifted by stock analysts at Canaccord Genuity Group from C$200.00 to C$230.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 17.02% from the stock’s current price.

Several other equities analysts also recently commented on SII. BMO Capital Markets increased their target price on Sprott from C$192.00 to C$210.00 in a research report on Monday, April 13th. TD upped their price objective on Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a research note on Thursday. Royal Bank Of Canada raised their price objective on shares of Sprott from C$218.00 to C$230.00 and gave the company an “outperform” rating in a report on Thursday. Finally, TD Securities boosted their target price on shares of Sprott from C$176.00 to C$180.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$211.00.

Sprott Price Performance

Sprott stock traded down C$11.10 during trading hours on Thursday, reaching C$196.55. 54,806 shares of the stock were exchanged, compared to its average volume of 96,991. The company has a current ratio of 1.78, a quick ratio of 2.89 and a debt-to-equity ratio of 0.41. Sprott has a twelve month low of C$73.46 and a twelve month high of C$230.43. The company has a market cap of C$5.07 billion, a P/E ratio of 75.31, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56. The stock has a 50 day moving average of C$199.54 and a two-hundred day moving average of C$162.00.

Sprott (TSE:SII) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share (EPS) for the quarter. The company had revenue of C$198.75 million for the quarter. Sprott had a return on equity of 20.71% and a net margin of 24.67%. Equities analysts expect that Sprott will post 3.2178828 EPS for the current fiscal year.

About Sprott

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company’s closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company’s branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.