Sprott Inc. (TSE:SII) Price Target Cut to C$2.50
Sprott Inc. (TSE:SII) had its price target dropped by equities research analysts at TD Securities from C$2.75 to C$2.50 in a research note issued on Monday, StockTargetPrices.com reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 13.12% from the company’s previous close.
Several other equities analysts also recently commented on SII. Desjardins downgraded Sprott from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. BMO Capital Markets boosted their price objective on Sprott from C$2.25 to C$2.50 and gave the company a “market perform” rating in a research report on Thursday, May 11th. Seven investment analysts have rated the stock with a hold rating, Sprott currently has a consensus rating of “Hold” and an average price target of C$2.54.
Shares of Sprott (TSE:SII) traded down 2.036% on Monday, hitting $2.165. The stock had a trading volume of 122,555 shares. The stock has a market cap of $529.76 million and a PE ratio of 13.531. The stock has a 50 day moving average of $2.28 and a 200-day moving average of $2.31. Sprott has a 12 month low of $1.92 and a 12 month high of $2.69.
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Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.
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