Sprott (TSE:SII) Posts Earnings Results

Sprott (TSE:SII) issued its earnings results on Thursday. The company reported C$1.49 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$143.61 million during the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%.

Sprott Price Performance

SII stock traded up C$9.49 during mid-day trading on Thursday, reaching C$179.34. The company’s stock had a trading volume of 33,384 shares, compared to its average volume of 93,458. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The company’s 50 day moving average is C$153.93 and its two-hundred day moving average is C$125.07. Sprott has a fifty-two week low of C$56.05 and a fifty-two week high of C$192.00. The stock has a market cap of C$4.62 billion, a PE ratio of 91.50, a P/E/G ratio of -3.34 and a beta of 1.36.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank Of Canada lifted their target price on Sprott from C$132.00 to C$186.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. BMO Capital Markets upped their price objective on Sprott from C$109.00 to C$123.00 in a research report on Thursday, November 6th. Finally, TD Securities increased their price target on Sprott from C$130.00 to C$176.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Sprott currently has a consensus rating of “Moderate Buy” and an average price target of C$139.00.

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.