Sprott (TSE:SII) Stock Price Expected to Rise, TD Securities Analyst Says

Sprott (TSE:SII) had its price target boosted by research analysts at TD Securities from C$130.00 to C$176.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price points to a potential downside of 2.68% from the stock’s current price.

Several other equities research analysts have also recently commented on SII. BMO Capital Markets boosted their price target on Sprott from C$109.00 to C$123.00 in a research note on Thursday, November 6th. Royal Bank Of Canada set a C$132.00 price target on shares of Sprott and gave the company a “sector perform” rating in a report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$125.50.

Sprott Trading Up 3.0%

Sprott stock opened at C$180.84 on Friday. Sprott has a 12 month low of C$56.05 and a 12 month high of C$182.11. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The stock has a market cap of C$4.66 billion, a P/E ratio of 92.27, a P/E/G ratio of -3.34 and a beta of 1.32. The company’s fifty day simple moving average is C$137.99 and its 200-day simple moving average is C$116.06.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.51 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%.The firm had revenue of C$90.66 million during the quarter. As a group, sell-side analysts forecast that Sprott will post 3.2178828 EPS for the current fiscal 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.