Sprott (TSE:SII) PT Raised to C$59.00

Sprott (TSE:SII - Get Free Report) had its price target lifted by Royal Bank of Canada from C$54.00 to C$59.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank of Canada's price target suggests a potential upside of 6.67% from the company's previous close.

Separately, TD Securities raised their target price on Sprott from C$55.00 to C$58.00 in a report on Thursday.

Sprott Stock Up 1.0 %

Sprott stock traded up C$0.57 during midday trading on Monday, hitting C$55.31. 32,544 shares of the company's stock were exchanged, compared to its average volume of 20,191. The company has a debt-to-equity ratio of 7.96, a quick ratio of 2.89 and a current ratio of 2.10. Sprott has a 12 month low of C$38.43 and a 12 month high of C$58.29. The firm has a 50-day moving average of C$51.41 and a two-hundred day moving average of C$46.78. The company has a market cap of C$1.43 billion, a PE ratio of 25.14, a P/E/G ratio of -3.34 and a beta of 1.43.

Sprott (TSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. The company had revenue of C$49.93 million during the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. As a group, analysts expect that Sprott will post 2.9233596 earnings per share for the current fiscal year.

About Sprott

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.