Sprott (TSE:SII) Releases Earnings Results

Sprott (TSE:SII) posted its quarterly earnings data on Wednesday. The company reported C$0.46 EPS for the quarter, RTT News reports. Sprott had a net margin of 28.20% and a return on equity of 15.02%.

Sprott Stock Up 1.3 %

TSE:SII traded up C$0.82 during trading hours on Wednesday, reaching C$61.97. The company’s stock had a trading volume of 24,082 shares, compared to its average volume of 24,004. Sprott has a one year low of C$46.59 and a one year high of C$66.31. The business’s 50-day moving average is C$61.22 and its 200-day moving average is C$60.01. 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 company has a market cap of C$1.11 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SII. Canaccord Genuity Group set a C$67.00 price objective on shares of Sprott and gave the company a “buy” rating in a research report on Thursday, January 30th. TD Securities cut their price target on Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

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.