Sprott (TSE:SII) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Sprott (TSE:SII - Get Free Report) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$80.00 to C$94.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 1.93% from the company's previous close.

Several other research firms also recently commented on SII. Canaccord Genuity Group raised 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, February 27th. TD Securities increased their price objective on Sprott from C$79.00 to C$84.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th.

Sprott Price Performance

Shares of TSE:SII traded down C$0.71 during midday trading on Thursday, reaching C$92.22. 38,117 shares of the company's stock were exchanged, compared to its average volume of 48,163. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The company's 50 day simple moving average is C$79.58 and its two-hundred day simple moving average is C$67.96. Sprott has a 12 month low of C$52.20 and a 12 month high of C$93.44. The firm has a market capitalization of C$1.65 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

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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