TD Forecasts Strong Price Appreciation for Sprott (TSE:SII) Stock

Sprott (TSE:SII) had its target price upped by equities researchers at TD from C$170.00 to C$175.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD’s price objective would suggest a potential upside of 11.37% from the company’s previous close.

A number of other brokerages have also issued reports on SII. BMO Capital Markets dropped their price objective on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Canaccord Genuity Group raised their target price on Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reduced their target price on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$187.40.

Sprott Stock Down 3.0%

Shares of TSE SII traded down C$4.78 during midday trading on Thursday, reaching C$157.13. 36,251 shares of the company were exchanged, compared to its average volume of 86,661. The stock’s 50-day moving average price is C$160.60 and its 200-day moving average price is C$178.96. The stock has a market cap of C$4.05 billion, a P/E ratio of 47.91, a PEG ratio of -3.34 and a beta of 1.57. Sprott has a one year low of C$85.84 and a one year high of C$230.43.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 earnings per share for the quarter. The business had revenue of C$113.98 million for the quarter. Sprott had a return on equity of 23.54% and a net margin of 22.40%. On average, equities research analysts anticipate that Sprott will post 3.2178828 EPS for the current 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.