Royal Bank Of Canada Increases Sprott (TSE:SII) Price Target to C$186.00

Sprott (TSE:SII) had its target price boosted by investment analysts at Royal Bank Of Canada from C$132.00 to C$186.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 3.01% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. BMO Capital Markets raised their price target on Sprott from C$109.00 to C$123.00 in a research report on Thursday, November 6th. TD Securities increased their target price on shares of Sprott from C$130.00 to C$176.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$139.00.

Sprott Trading Down 1.7%

SII opened at C$180.56 on Monday. The stock has a 50-day moving average of C$140.45 and a 200 day moving average of C$117.41. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. Sprott has a 12 month low of C$56.05 and a 12 month high of C$187.80. The firm has a market cap of C$4.66 billion, a P/E ratio of 92.12, a P/E/G ratio of -3.34 and a beta of 1.32.

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