Sprott (TSE:SII) Given New C$200.00 Price Target at Canaccord Genuity Group

Sprott (TSE:SII) had its price target upped by equities researchers at Canaccord Genuity Group from C$130.00 to C$200.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 2.48% from the company’s previous close.

A number of other equities research analysts have also weighed in on SII. Royal Bank Of Canada upgraded Sprott from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$186.00 to C$218.00 in a research report on Friday. TD Securities raised their price target on shares of Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday. Finally, BMO Capital Markets upped their target price on Sprott from C$162.00 to C$192.00 and gave the company an “outperform” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Sprott presently has an average rating of “Moderate Buy” and an average price target of C$197.50.

Sprott Stock Performance

Shares of TSE:SII traded up C$15.69 during trading on Friday, reaching C$195.16. 111,769 shares of the stock were exchanged, compared to its average volume of 95,694. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The stock has a 50-day moving average price of C$154.93 and a 200-day moving average price of C$125.45. Sprott has a 12 month low of C$56.05 and a 12 month high of C$195.99. The firm has a market cap of C$5.03 billion, a PE ratio of 99.57, a PEG ratio of -3.34 and a beta of 1.36.

Sprott (TSE:SII) last released its earnings results on Thursday, February 19th. The company reported C$1.49 earnings per share (EPS) for the quarter. The company had revenue of C$143.61 million for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Research analysts expect that Sprott will post 3.2178828 EPS 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.