Royal Bank Of Canada Forecasts Strong Price Appreciation for Sprott (TSE:SII) Stock

Sprott (TSE:SII) had its price target hoisted by analysts at Royal Bank Of Canada from C$132.00 to C$186.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 2.18% from the company’s previous close.

Other equities analysts have also issued reports about the stock. BMO Capital Markets increased their price objective on shares of Sprott from C$109.00 to C$123.00 in a research report on Thursday, November 6th. TD Securities raised their price objective on shares of Sprott from C$130.00 to C$176.00 and gave the stock a “hold” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$139.00.

Sprott Stock Performance

TSE SII traded up C$1.20 during trading on Monday, reaching C$182.04. 79,812 shares of the company’s stock were exchanged, compared to its average volume of 89,907. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89. The business has a 50 day moving average price of C$137.99 and a 200-day moving average price of C$116.21. The stock has a market capitalization of C$4.69 billion, a P/E ratio of 92.88, a PEG ratio of -3.34 and a beta of 1.32. Sprott has a fifty-two week low of C$56.05 and a fifty-two week high of C$187.80.

Sprott (TSE:SII) last posted its earnings results on Wednesday, November 5th. The company reported C$0.51 earnings per share for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%.The business had revenue of C$90.66 million for the quarter. Sell-side analysts forecast that Sprott will post 3.2178828 earnings per share for the current fiscal 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.