BMO Capital Markets Issues Pessimistic Forecast for Sprott (TSE:SII) Stock Price

Sprott (TSE:SII) had its price target decreased by equities researchers at BMO Capital Markets from C$210.00 to C$195.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 31.24% from the stock’s previous close.

A number of other analysts have also weighed in on SII. Royal Bank Of Canada reduced their price objective on shares of Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. TD upped their target price on Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group upped their target price on Sprott from C$200.00 to C$230.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sprott presently has an average rating of “Moderate Buy” and an average price target of C$202.80.

Sprott Stock Down 2.8%

TSE SII opened at C$148.58 on Wednesday. The company has a fifty day moving average of C$165.48 and a two-hundred day moving average of C$179.04. The firm has a market capitalization of C$3.83 billion, a price-to-earnings ratio of 45.30, a PEG ratio of -3.34 and a beta of 1.58. Sprott has a 52 week low of C$85.84 and a 52 week high of C$230.43.

Sprott (TSE:SII) last announced its earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share for the quarter. The business had revenue of C$198.75 million for the quarter. Sprott had a net margin of 22.40% and a return on equity of 23.54%. Equities research analysts anticipate 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.