Sprott (TSE:SII) Price Target Raised to C$123.00

Sprott (TSE:SII) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$109.00 to C$123.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 3.61% from the stock’s current price.

Separately, TD Securities raised their target price on shares of Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Sprott has a consensus rating of “Moderate Buy” and an average target price of C$106.33.

Sprott Price Performance

SII stock traded up C$0.32 during mid-day trading on Thursday, hitting C$118.72. The stock had a trading volume of 54,828 shares, compared to its average volume of 60,868. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. Sprott has a 52 week low of C$56.05 and a 52 week high of C$125.65. The firm has a market capitalization of C$3.06 billion, a P/E ratio of 61.20, a P/E/G ratio of -3.34 and a beta of 1.22. The firm has a fifty day simple moving average of C$108.59 and a 200 day simple moving average of C$94.35.

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.