Sprott (TSE:SII) Price Target Cut to C$195.00 by Analysts at BMO Capital Markets

Sprott (TSE:SII) had its price target decreased by BMO Capital Markets from C$210.00 to C$195.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 27.16% from the company’s previous close.

SII has been the subject of a number of other reports. Canaccord Genuity Group upped their price target on Sprott from C$200.00 to C$230.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada decreased their price objective on shares of Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, TD upped their target price on shares of Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$202.80.

Sprott Trading Down 0.7%

Shares of TSE:SII traded down C$1.05 during midday trading on Wednesday, hitting C$153.35. The company had a trading volume of 22,180 shares, compared to its average volume of 88,069. Sprott has a 12 month low of C$85.84 and a 12 month high of C$230.43. The firm has a fifty day simple moving average of C$167.12 and a 200 day simple moving average of C$178.84. The stock has a market cap of C$3.95 billion, a price-to-earnings ratio of 46.75, a PEG ratio of -3.34 and a beta of 1.58.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$1.57 EPS for the quarter. Sprott had a return on equity of 23.54% and a net margin of 22.40%.The business had revenue of C$198.75 million during the quarter. Equities analysts forecast that Sprott will post 3.2178828 EPS for the current fiscal 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.