Sprott (TSE:SII) Price Target Raised to C$71.00

Sprott (TSE:SII) had its target price hoisted by analysts at TD Securities from C$70.00 to C$71.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 17.05% from the stock’s current price.

Separately, Canaccord Genuity Group raised their target price on Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a report on Thursday.

Sprott Trading Down 0.3 %

Shares of Sprott stock traded down C$0.21 on Friday, hitting C$60.66. 51,171 shares of the company traded hands, compared to its average volume of 25,849. The stock’s 50 day moving average price is C$61.27 and its 200-day moving average price is C$60.11. The company has a market cap of C$1.08 billion, a PE ratio of 23.64, a PEG ratio of -3.34 and a beta of 1.45. Sprott has a 52 week low of C$46.59 and a 52 week high of C$66.31. 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 (TSE:SII) last issued its quarterly earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Equities research analysts predict 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.