Sprott (TSE:SII) Price Target Lowered to C$204.00 at Royal Bank Of Canada

Sprott (TSE:SII) had its target price decreased by research analysts at Royal Bank Of Canada from C$230.00 to C$204.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 39.75% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Canaccord Genuity Group lifted their price objective on Sprott from C$200.00 to C$230.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. TD raised their target price on shares of Sprott from C$190.00 to C$205.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Finally, BMO Capital Markets lifted their price target on shares of Sprott from C$192.00 to C$210.00 in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sprott presently has an average rating of “Moderate Buy” and a consensus target price of C$205.80.

Sprott Stock Performance

TSE SII traded down C$6.86 during mid-day trading on Monday, reaching C$145.98. 37,781 shares of the stock were exchanged, compared to its average volume of 89,353. The stock has a market capitalization of C$3.76 billion, a PE ratio of 44.51, a PEG ratio of -3.34 and a beta of 1.58. Sprott has a 1-year low of C$85.84 and a 1-year high of C$230.43. The business’s fifty day simple moving average is C$173.14 and its 200 day simple moving average is C$178.22.

Sprott (TSE:SII) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share for the quarter. Sprott had a return on equity of 23.54% and a net margin of 22.40%.The company had revenue of C$198.75 million during the quarter. On average, analysts anticipate that Sprott will post 3.2178828 EPS for the current year.

Sprott Company Profile

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.