TD Issues Positive Forecast for Sprott (TSE:SII) Stock Price

Key Points

• TD raised its price target for Sprott from C$170 to C$175 while maintaining a “hold” rating, implying 11.37% upside from the stock’s reported C$157.13 price.
• Analyst sentiment is generally positive: Sprott has three “buy” ratings and two “hold” ratings, producing a “Moderate Buy” consensus and an average price target of C$187.40.
• Sprott reported quarterly EPS of C$1.89 and revenue of C$113.98 million, alongside a 23.54% return on equity and 22.40% net margin; shares remain well below their 12-month high of C$230.43.

Sprott (TSE:SII - Get Free Report) had its price objective lifted by equities research analysts at TD from C$170.00 to C$175.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD's price target suggests a potential upside of 11.37% from the company's current price.

A number of other research firms have also recently issued reports on SII. BMO Capital Markets cut their price objective on 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. Royal Bank Of Canada cut their price target on Sprott from C$230.00 to C$204.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Finally, Canaccord Genuity Group upped their target price on Sprott from C$200.00 to C$230.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$187.40.

Sprott Stock Performance

TSE SII traded down C$4.78 during trading hours on Thursday, hitting C$157.13. 36,251 shares of the company traded hands, compared to its average volume of 86,661. The business's 50-day moving average is C$160.60 and its 200-day moving average is C$178.96. The stock has a market capitalization of C$4.05 billion, a price-to-earnings ratio of 47.91, a P/E/G ratio of -3.34 and a beta of 1.57. Sprott has a twelve month low of C$85.84 and a twelve month high of C$230.43.

Sprott (TSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. Sprott had a return on equity of 23.54% and a net margin of 22.40%.The company had revenue of C$113.98 million for the quarter. Analysts predict that Sprott will post 3.2178828 EPS 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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