RBC Dominion Securities Forecasts Strong Price Appreciation for Sprott (TSE:SII) Stock

Sprott (TSE:SII) had its price target lifted by stock analysts at RBC Dominion Securities from C$204.00 to C$207.00 in a report released on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. RBC Dominion Securities’ price objective points to a potential upside of 30.37% from the stock’s current price.

A number of other analysts have also weighed in on SII. TD increased their price objective on shares of Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Canaccord Genuity Group decreased their price objective on shares of Sprott from C$230.00 to C$183.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Royal Bank Of Canada dropped their target price on Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, BMO Capital Markets cut their target price on Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$190.67.

Sprott Trading Up 1.0%

Shares of TSE:SII traded up C$1.57 during mid-day trading on Thursday, reaching C$158.78. The stock had a trading volume of 18,494 shares, compared to its average volume of 79,076. The company has a market cap of C$4.09 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of -3.34 and a beta of 1.72. Sprott has a 1 year low of C$109.90 and a 1 year high of C$230.43. The business’s 50 day moving average price is C$173.31 and its 200 day moving average price is C$173.33.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 EPS for the quarter. The business had revenue of C$113.98 million during the quarter. Sprott had a net margin of 26.68% and a return on equity of 28.39%. Analysts predict that Sprott will post 3.22 earnings per share for the current fiscal year.

Sprott Company Profile

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the Company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).