Sprott (TSE:SII) Upgraded by BMO Capital Markets to Strong-Buy Rating

Sprott (TSE:SII - Get Free Report) was upgraded by BMO Capital Markets to a "strong-buy" rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

A number of other research analysts have also commented on SII. Canaccord Genuity Group upped their price target on Sprott from C$67.00 to C$71.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. TD Securities upped their target price on shares of Sprott from C$70.00 to C$71.00 and gave the company a "buy" rating in a research note on Friday, February 28th.

Sprott Stock Performance

Shares of Sprott stock traded up C$1.20 on Thursday, reaching C$61.68. The stock had a trading volume of 55,546 shares, compared to its average volume of 30,896. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The business's 50-day moving average price is C$61.38 and its two-hundred day moving average price is C$60.39. The stock has a market cap of C$1.10 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. Sprott has a fifty-two week low of C$46.59 and a fifty-two week high of C$66.31.

Sprott (TSE:SII - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. On average, sell-side analysts forecast that Sprott will post 3.2178828 EPS for the current year.

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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.