Sprott (TSE:SII) PT Set at C$67.00 by Canaccord Genuity Group

Sprott (TSE:SII - Get Free Report) received a C$67.00 target price from equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 5.96% from the stock's previous close.

Separately, TD Securities decreased 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 Price Performance

TSE SII traded up C$0.12 during midday trading on Thursday, hitting C$63.23. The company had a trading volume of 23,501 shares, compared to its average volume of 19,380. The firm has a 50-day moving average price of C$61.25 and a 200-day moving average price of C$59.90. The company has a market capitalization of C$1.61 billion, a PE ratio of 28.87, a P/E/G ratio of -3.34 and a beta of 1.45. The company has a current ratio of 3.02, a quick ratio of 2.89 and a debt-to-equity ratio of 9.19. Sprott has a twelve month low of C$46.59 and a twelve month high of C$66.31.

Sprott (TSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.67 EPS for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. As a group, analysts anticipate that Sprott will post 3.2178828 earnings per share for the current fiscal 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.