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

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

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

Sprott Stock Down 0.3 %

TSE SII traded down C$0.21 during trading hours on Friday, hitting C$60.66. The company’s stock had a trading volume of 51,171 shares, compared to its average volume of 25,849. 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 company’s 50-day simple moving average is C$61.27 and its two-hundred day simple moving average is C$60.11. Sprott has a 52 week low of C$46.59 and a 52 week high of C$66.31. The company has a market capitalization of C$1.08 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. Research analysts anticipate 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.