Sprott (NYSE:SII) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised its price target on Sprott from $218 to $230 and maintained an "outperform" rating, implying roughly a 59.4% upside from the prior close.
• Sprott beat quarterly estimates, reporting EPS of $1.13 vs. $0.93 and revenue of $80.75M vs. $78.06M, while showing a 19.47% ROE and a 23.62% net margin.
• Shares slid about 5.3% to $144.30 despite analyst optimism; the stock has a $3.72B market cap, a P/E of 55.5, a one‑year range of $52.45–$169.63, and a consensus rating of "Moderate Buy" amid mixed analyst actions.

Sprott (NYSE:SII - Get Free Report) had its price target boosted by investment analysts at Royal Bank Of Canada from $218.00 to $230.00 in a report released on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 59.40% from the stock's previous close.

SII has been the topic of several other research reports. Wall Street Zen downgraded Sprott from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. TD Securities reissued a "hold" rating on shares of Sprott in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $230.00.

Sprott Trading Down 5.3%

SII traded down $8.01 on Thursday, hitting $144.30. 102,745 shares of the company's stock traded hands, compared to its average volume of 242,680. The company's 50 day simple moving average is $145.32 and its 200-day simple moving average is $117.48. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 55.54 and a beta of 0.78. Sprott has a one year low of $52.45 and a one year high of $169.63.

Sprott (NYSE:SII - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.20. The company had revenue of $80.75 million for the quarter, compared to the consensus estimate of $78.06 million. Sprott had a return on equity of 19.47% and a net margin of 23.62%.

Hedge Funds Weigh In On Sprott

Several large investors have recently modified their holdings of SII. Royal Bank of Canada increased its position in shares of Sprott by 29.1% during the 1st quarter. Royal Bank of Canada now owns 109,878 shares of the company's stock valued at $4,930,000 after purchasing an additional 24,763 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Sprott by 7.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,917 shares of the company's stock valued at $2,688,000 after purchasing an additional 4,326 shares during the last quarter. Invesco Ltd. bought a new position in shares of Sprott during the 2nd quarter valued at approximately $28,948,000. Sei Investments Co. bought a new position in shares of Sprott during the 2nd quarter valued at approximately $203,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Sprott by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company's stock valued at $1,056,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 28.30% of the company's stock.

About Sprott

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott's product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.