TD Forecasts Strong Price Appreciation for Sprott (TSE:SII) Stock
by Jessica Moore · The Cerbat GemSprott (TSE:SII – Get Free Report) had its price target upped by equities researchers at TD from C$190.00 to C$205.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s price objective indicates a potential upside of 4.30% from the stock’s current price.
A number of other equities analysts have also issued reports on SII. BMO Capital Markets raised their target price on shares of Sprott from C$192.00 to C$210.00 in a research report on Monday, April 13th. Canaccord Genuity Group boosted their price target on Sprott from C$130.00 to C$200.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Royal Bank Of Canada upped their price target on Sprott from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, TD Securities upped their price objective on shares of Sprott from C$176.00 to C$180.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Three research 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 presently has a consensus rating of “Moderate Buy” and an average target price of C$211.00.
Check Out Our Latest Analysis on Sprott
Sprott Stock Performance
Shares of SII stock traded down C$11.10 during mid-day trading on Thursday, hitting C$196.55. 54,806 shares of the stock were exchanged, compared to its average volume of 96,991. The stock’s fifty day simple moving average is C$199.54 and its two-hundred day simple moving average is C$162.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.89 and a current ratio of 1.78. Sprott has a 12-month low of C$73.46 and a 12-month high of C$230.43. The stock has a market capitalization of C$5.07 billion, a price-to-earnings ratio of 75.31, a P/E/G ratio of -3.34 and a beta of 1.56.
Sprott (TSE:SII – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share (EPS) for the quarter. The firm had revenue of C$198.75 million during the quarter. Sprott had a return on equity of 20.71% and a net margin of 24.67%. On average, analysts forecast 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.