Sprott (TSE:SII) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Sprott (TSE:SII) had its price objective raised by analysts at BMO Capital Markets from C$162.00 to C$192.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential downside of 1.62% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. TD Securities boosted their price target on shares of Sprott from C$176.00 to C$180.00 and gave the stock a “hold” rating in a research report on Friday. Royal Bank Of Canada upgraded Sprott from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$186.00 to C$218.00 in a research note on Friday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$197.50.

Sprott Trading Up 8.7%

Shares of TSE:SII traded up C$15.69 during mid-day trading on Friday, reaching C$195.16. The stock had a trading volume of 111,769 shares, compared to its average volume of 95,694. The firm has a 50 day simple moving average of C$154.93 and a two-hundred day simple moving average of C$125.45. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The firm has a market cap of C$5.03 billion, a PE ratio of 99.57, a price-to-earnings-growth ratio of -3.34 and a beta of 1.36. Sprott has a twelve month low of C$56.05 and a twelve month high of C$195.99.

Sprott (TSE:SII) last released its quarterly earnings data on Thursday, February 19th. The company reported C$1.49 earnings per share for the quarter. The business had revenue of C$143.61 million for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. On average, research analysts predict 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.