Royal Bank Of Canada Issues Positive Forecast for Sprott (TSE:SII) Stock Price

Sprott (TSE:SII) had its price target hoisted by equities research analysts at Royal Bank Of Canada from C$218.00 to C$230.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 17.02% from the stock’s current price.

A number of other analysts have also weighed in on SII. TD Securities upped their target price on shares of Sprott from C$176.00 to C$180.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Canaccord Genuity Group increased their price objective on Sprott from C$130.00 to C$200.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, BMO Capital Markets lifted their price target on Sprott from C$192.00 to C$210.00 in a research report on Monday, April 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Sprott currently has a consensus rating of “Moderate Buy” and an average target price of C$211.00.

Sprott Stock Performance

SII traded down C$11.10 on Thursday, hitting C$196.55. The company’s stock had a trading volume of 54,806 shares, compared to its average volume of 96,991. Sprott has a 12 month low of C$73.46 and a 12 month high of C$230.43. The firm has a market cap of C$5.07 billion, a P/E ratio of 75.31, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56. The company has a quick ratio of 2.89, a current ratio of 1.78 and a debt-to-equity ratio of 0.41. The company’s 50 day simple moving average is C$199.54 and its 200-day simple moving average is C$162.00.

Sprott (TSE:SII) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 EPS for the quarter. Sprott had a return on equity of 20.71% and a net margin of 24.67%.The firm had revenue of C$198.75 million during the quarter. Analysts forecast that Sprott will post 3.2178828 EPS for the current year.

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.