Sprott (TSE:SII) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity raised its price target on Sprott from C$200 to C$230 and maintained a "buy" rating, implying about a 17% upside from the prior close.
• Other brokers also lifted targets (RBC to C$230, BMO to C$210, TD to C$205), leaving a MarketBeat consensus of "Moderate Buy" with a consensus price target of C$211.
• Sprott traded at C$196.55 midday (one‑year range C$73.46–C$230.43) and reported quarterly EPS of C$1.57, alongside a high P/E of 75.31 and strong profitability metrics (net margin 24.7%, ROE 20.7%).

Sprott (TSE:SII - Get Free Report) had its price target upped by analysts at Canaccord Genuity Group from C$200.00 to C$230.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 17.02% from the stock's previous close.

Several other analysts have also recently weighed in on SII. TD lifted their price target on Sprott from C$190.00 to C$205.00 and gave the stock a "hold" rating in a report on Thursday. Royal Bank Of Canada upped their price objective on Sprott from C$218.00 to C$230.00 and gave the company an "outperform" rating in a report on Thursday. TD Securities lifted their target price on Sprott from C$176.00 to C$180.00 and gave the stock a "hold" rating in a report on Friday, February 20th. Finally, BMO Capital Markets upped their price target on shares of Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$211.00.

Sprott Stock Performance

SII stock traded down C$11.10 during midday trading on Thursday, reaching C$196.55. 54,806 shares of the company were exchanged, compared to its average volume of 96,991. Sprott has a one year low of C$73.46 and a one year high of C$230.43. The firm has a market capitalization of C$5.07 billion, a price-to-earnings ratio of 75.31, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56. The business has a 50-day moving average price of C$199.54 and a two-hundred day moving average price of C$162.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.78 and a quick ratio of 2.89.

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

About Sprott

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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