Sprott (TSE:SII) Hits New 1-Year High – Still a Buy?

Sprott Inc. (TSE:SII)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$193.60 and last traded at C$193.60, with a volume of 6278 shares traded. The stock had previously closed at C$179.47.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SII shares. TD Securities raised their price objective on Sprott from C$130.00 to C$176.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. 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. Finally, Royal Bank Of Canada lifted their price target on Sprott from C$132.00 to C$186.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Two 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$139.00.

Sprott Trading Up 6.3%

The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The stock has a market capitalization of C$4.92 billion, a P/E ratio of 97.33, a price-to-earnings-growth ratio of -3.34 and a beta of 1.36. The stock has a 50-day moving average price of C$154.93 and a two-hundred day moving average price of C$125.45.

Sprott (TSE:SII) last announced its earnings results on Thursday, February 19th. The company reported C$1.49 EPS for the quarter. The company had revenue of C$143.61 million during the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. On average, research analysts forecast that Sprott Inc. 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.