Canaccord Genuity Group Issues Positive Forecast for Sprott (TSE:SII) Stock Price

Sprott (TSE:SII) had its price target lifted by equities researchers at Canaccord Genuity Group from C$130.00 to C$200.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 2.48% from the company’s current price.

SII has been the topic of a number of other research reports. Royal Bank Of Canada raised Sprott from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$186.00 to C$218.00 in a report on Friday. TD Securities raised their target price on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a report on Friday. Finally, BMO Capital Markets boosted their price objective on Sprott from C$162.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Friday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Sprott currently has an average rating of “Moderate Buy” and an average target price of C$197.50.

Sprott Stock Up 8.7%

Shares of SII stock traded up C$15.69 on Friday, hitting C$195.16. The stock had a trading volume of 111,769 shares, compared to its average volume of 95,694. Sprott has a 52-week low of C$56.05 and a 52-week high of C$195.99. The firm has a market capitalization of C$5.03 billion, a price-to-earnings ratio of 99.57, a P/E/G ratio of -3.34 and a beta of 1.36. 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 stock’s 50 day moving average is C$154.93 and its 200-day moving average is C$125.45.

Sprott (TSE:SII) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$1.49 earnings per share (EPS) for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. The firm had revenue of C$143.61 million for the quarter. As a group, research analysts expect that Sprott will post 3.2178828 earnings per share for the current 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.