Sprott (TSE:SII) Price Target Raised to C$205.00

Key Points

• TD raised its price objective to C$205 and kept a "hold" rating, while other brokers (RBC, Canaccord, BMO) also lifted targets; MarketBeat shows a consensus price target of C$211 with a "Moderate Buy" rating.
• Sprott shares fell 5.3% to C$196.55 during the session, trading below analyst targets; the company has a market cap of C$5.07 billion and a 1‑year range of C$73.46–C$230.43.
• Strong quarterly results: Sprott reported C$1.57 EPS, C$198.75M revenue, a 24.67% net margin and 20.71% ROE, and analysts forecast roughly 3.22 EPS for the current year.

Sprott (TSE:SII - Get Free Report) had its price objective boosted by research analysts at TD from C$190.00 to C$205.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. TD's price objective would indicate a potential upside of 4.30% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada increased their target price on shares of Sprott from C$218.00 to C$230.00 and gave the stock an "outperform" rating in a report on Thursday. Canaccord Genuity Group lifted their target price on Sprott from C$130.00 to C$200.00 and gave the company a "buy" rating in a report on Friday, February 20th. BMO Capital Markets lifted their price objective on Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Finally, TD Securities boosted their price objective on Sprott from C$176.00 to C$180.00 and gave the stock a "hold" rating in a research report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Sprott currently has a consensus rating of "Moderate Buy" and a consensus price target of C$211.00.

Sprott Trading Down 5.3%

TSE:SII traded down C$11.10 during trading hours on Thursday, hitting C$196.55. The company had a trading volume of 54,806 shares, compared to its average volume of 96,991. Sprott has a 1 year low of C$73.46 and a 1 year high of C$230.43. The company has a market cap of C$5.07 billion, a P/E ratio of 75.31, a P/E/G ratio of -3.34 and a beta of 1.56. The company has a 50-day moving average of C$199.54 and a 200 day moving average of C$162.00. The company has a current ratio of 1.78, a quick ratio of 2.89 and a debt-to-equity ratio of 0.41.

Sprott (TSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share for the quarter. Sprott had a net margin of 24.67% and a return on equity of 20.71%. The firm had revenue of C$198.75 million for the quarter. Sell-side analysts expect that Sprott will post 3.2178828 earnings per share for the current 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.

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