Sprott (TSE:SII) PT Set at C$132.00 by Royal Bank Of Canada

Sprott (TSE:SII) has been assigned a C$132.00 price objective by research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 3.25% from the stock’s previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets increased their price objective on Sprott from C$109.00 to C$123.00 in a research note on Thursday, November 6th. TD Securities upped their price objective on shares of Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Sprott presently has a consensus rating of “Moderate Buy” and an average target price of C$112.75.

Sprott Price Performance

Shares of SII stock traded down C$4.30 during trading on Wednesday, hitting C$127.85. The company had a trading volume of 45,820 shares, compared to its average volume of 61,035. The stock’s 50-day moving average is C$120.94 and its two-hundred day moving average is C$102.95. The stock has a market capitalization of C$3.30 billion, a price-to-earnings ratio of 65.23, a price-to-earnings-growth ratio of -3.34 and a beta of 1.33. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. Sprott has a 52 week low of C$56.05 and a 52 week high of C$132.79.

Sprott (TSE:SII) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.51 EPS for the quarter. The firm had revenue of C$90.66 million for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. As a group, analysts predict that Sprott will post 3.2178828 EPS for the current fiscal 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.