Sprott (TSE:SII) Reaches New 12-Month High – Should You Buy?

Sprott Inc. (TSE:SII) reached a new 52-week high during trading on Thursday . The company traded as high as C$225.42 and last traded at C$225.19, with a volume of 84329 shares changing hands. The stock had previously closed at C$222.09.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SII. BMO Capital Markets raised their target price on Sprott from C$162.00 to C$192.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. TD Securities increased their price target on shares of Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Canaccord Genuity Group boosted their price objective on shares of Sprott from C$130.00 to C$200.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada raised shares of Sprott from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$186.00 to C$218.00 in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$197.50.

Sprott Stock Up 1.4%

The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The company has a market capitalization of C$5.81 billion, a P/E ratio of 114.89, a PEG ratio of -3.34 and a beta of 1.36. The firm’s 50 day moving average price is C$161.43 and its two-hundred day moving average price is C$128.98.

Sprott (TSE:SII) last announced its earnings results on Thursday, February 19th. The company reported C$1.49 EPS for the quarter. The business had revenue of C$143.61 million during the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. Equities research analysts forecast that Sprott Inc. will post 3.2178828 EPS 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.