Sprott (TSE:SII) Stock Price Expected to Rise, TD Securities Analyst Says

Sprott (TSE:SII) had its price objective raised by analysts at TD Securities from C$100.00 to C$125.00 in a report released on Tuesday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 8.52% from the stock’s current price.

Separately, BMO Capital Markets upped their price objective on Sprott from C$98.00 to C$109.00 and gave the company an “outperform” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Sprott has a consensus rating of “Moderate Buy” and an average price target of C$101.67.

Sprott Stock Performance

SII traded up C$0.03 during trading on Tuesday, hitting C$115.19. 23,245 shares of the stock were exchanged, compared to its average volume of 60,645. The stock has a fifty day moving average price of C$107.50 and a two-hundred day moving average price of C$93.88. The firm has a market capitalization of C$2.97 billion, a P/E ratio of 59.38, a PEG ratio of -3.34 and a beta of 1.18. Sprott has a 1-year low of C$56.05 and a 1-year high of C$125.65. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65.

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.