Sprott (TSE:SII) Given a C$67.00 Price Target by Canaccord Genuity Group Analysts

Sprott (TSE:SII) has been assigned a C$67.00 price objective by research analysts at Canaccord Genuity Group in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 6.47% from the stock’s current price.

Separately, TD Securities dropped their price objective on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Sprott Trading Up 3.2 %

Shares of SII stock traded up C$1.97 during trading hours on Thursday, reaching C$62.93. 4,880 shares of the stock traded hands, compared to its average volume of 18,263. Sprott has a 1-year low of C$46.59 and a 1-year high of C$66.31. The business has a fifty day moving average price of C$61.20 and a 200 day moving average price of C$59.88. The company has a quick ratio of 2.89, a current ratio of 3.02 and a debt-to-equity ratio of 9.19. The firm has a market capitalization of C$1.60 billion, a PE ratio of 28.74, a PEG ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.67 earnings per share (EPS) for the quarter. Sprott had a net margin of 22.68% and a return on equity of 12.85%. On average, equities research analysts forecast that Sprott will post 3.2178828 EPS for the current year.

About Sprott

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.