Royal Bank Of Canada Issues Positive Forecast for Sprott (TSE:SII) Stock Price

Sprott (TSE:SII) had its price objective hoisted by analysts at Royal Bank Of Canada from C$132.00 to C$186.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 2.18% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Sprott from C$109.00 to C$123.00 in a research report on Thursday, November 6th. TD Securities boosted their price target on Sprott from C$130.00 to C$176.00 and gave the company a “hold” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Sprott currently has an average rating of “Moderate Buy” and a consensus target price of C$139.00.

Sprott Stock Up 0.7%

Shares of TSE SII traded up C$1.20 during mid-day trading on Monday, reaching C$182.04. 79,812 shares of the company’s stock were exchanged, compared to its average volume of 89,907. 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 business has a fifty day simple moving average of C$137.99 and a 200 day simple moving average of C$116.21. Sprott has a twelve month low of C$56.05 and a twelve month high of C$187.80. The firm has a market capitalization of C$4.69 billion, a price-to-earnings ratio of 92.88, a PEG ratio of -3.34 and a beta of 1.32.

Sprott (TSE:SII) last posted its earnings results on Wednesday, November 5th. The company reported C$0.51 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%.The business had revenue of C$90.66 million during the quarter. As a group, equities analysts expect that Sprott will post 3.2178828 EPS for the current fiscal 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.