Sprott (TSE:SII) Given New C$71.00 Price Target at Canaccord Genuity Group

Sprott (TSE:SII) had its price objective boosted by analysts at Canaccord Genuity Group from C$67.00 to C$71.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 16.11% from the stock’s previous close.

Separately, TD Securities dropped their price target on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Sprott Price Performance

Shares of Sprott stock traded down C$1.65 during trading on Thursday, reaching C$61.15. 7,514 shares of the company’s stock were exchanged, compared to its average volume of 24,875. The firm’s 50-day moving average price is C$61.27 and its 200 day moving average price is C$60.07. The company has a market cap of C$1.09 billion, a P/E ratio of 23.83, a PEG ratio of -3.34 and a beta of 1.45. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. Sprott has a 1-year low of C$46.59 and a 1-year high of C$66.31.

Sprott (TSE:SII) last posted its earnings results on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. As a group, research analysts anticipate that Sprott will post 3.2178828 earnings per share for the current 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.