Sprott (TSE:SII) Price Target Raised to C$207.00

Key Points

• RBC Dominion Securities raised Sprott’s price target to C$207 from C$204 and maintained an “outperform” rating, implying 30.37% potential upside from the prior close.
• Analyst sentiment remains positive, with four Buy ratings and two Hold ratings; Sprott has a consensus “Moderate Buy” rating and an average target price of C$190.67.
• Sprott reported quarterly EPS of C$1.89 on C$113.98 million in revenue, with a 26.68% net margin and 28.39% return on equity. Shares recently traded at C$158.78.

Sprott (TSE:SII - Get Free Report) had its target price upped by RBC Dominion Securities from C$204.00 to C$207.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. RBC Dominion Securities' price objective points to a potential upside of 30.37% from the company's previous close.

A number of other equities analysts have also weighed in on SII. BMO Capital Markets dropped their price target on shares of Sprott from C$210.00 to C$195.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. TD raised their price objective on shares of Sprott from C$170.00 to C$175.00 and gave the company a "hold" rating in a research report on Thursday, August 6th. Royal Bank Of Canada decreased their price objective on shares of Sprott from C$230.00 to C$204.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. Finally, Canaccord Genuity Group lowered their target price on shares of Sprott from C$230.00 to C$183.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$190.67.

Sprott Price Performance

Shares of SII stock traded up C$1.57 during trading hours on Thursday, reaching C$158.78. 18,494 shares of the company traded hands, compared to its average volume of 79,076. Sprott has a 12-month low of C$109.90 and a 12-month high of C$230.43. The company has a market cap of C$4.09 billion, a P/E ratio of 38.92, a P/E/G ratio of -3.34 and a beta of 1.72. The firm has a 50-day moving average price of C$173.31 and a 200 day moving average price of C$173.33.

Sprott (TSE:SII - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. Sprott had a net margin of 26.68% and a return on equity of 28.39%. The company had revenue of C$113.98 million during the quarter. Sell-side analysts predict that Sprott will post 3.22 EPS for the current year.

About Sprott

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the Company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).

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