Sprott (TSE:SII) Posts Earnings Results

Sprott (TSE:SII) announced its quarterly earnings results on Wednesday. The company reported C$0.46 earnings per share (EPS) for the quarter, RTT News reports. Sprott had a return on equity of 15.02% and a net margin of 28.20%.

Sprott Trading Down 3.1 %

TSE SII opened at C$60.87 on Friday. The stock’s 50-day simple moving average is C$61.27 and its two-hundred day simple moving average is C$60.11. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 23.72, a PEG ratio of -3.34 and a beta of 1.45. Sprott has a twelve month low of C$46.59 and a twelve month high of C$66.31.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SII shares. TD Securities lowered their price target on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Canaccord Genuity Group increased their target price on Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a research report on Thursday.

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.