Sprott (TSE:SII) Releases Earnings Results

Sprott (TSE:SII) released its quarterly earnings data on Wednesday. The company reported C$0.46 earnings per share for the quarter, RTT News reports. Sprott had a net margin of 28.20% and a return on equity of 15.02%.

Sprott Stock Up 0.2 %

Shares of SII traded up C$0.12 during trading hours on Wednesday, reaching C$61.27. The company’s stock had a trading volume of 5,077 shares, compared to its average volume of 23,551. The company has a 50 day moving average of C$61.22 and a two-hundred day moving average of C$60.01. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The firm has a market cap of C$1.10 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of -3.34 and a beta of 1.45. Sprott has a 1-year low of C$46.59 and a 1-year high of C$66.31.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group set a C$67.00 price objective on Sprott and gave the stock a “buy” rating in a research report on Thursday, January 30th. TD Securities reduced their price target on Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research report on Thursday, November 7th.

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.