Sprott (TSE:SII) announced its quarterly earnings results on Friday. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02), Morningstar.com reports. The firm had revenue of C$19.40 million during the quarter.
Shares of Sprott stock traded up C$0.06 on Friday, reaching C$3.04. 338,400 shares of the company were exchanged, compared to its average volume of 277,536. The company has a current ratio of 2.14, a quick ratio of 1.64 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $731.50 million and a price-to-earnings ratio of 25.33. Sprott has a 1-year low of C$2.36 and a 1-year high of C$3.48.
A number of analysts have recently weighed in on SII shares. Desjardins dropped their price target on Sprott from C$2.75 to C$2.50 in a research report on Monday, February 4th. Royal Bank of Canada dropped their price target on Sprott from C$2.75 to C$2.50 in a research report on Tuesday, January 15th. Finally, TD Securities upgraded Sprott from a “reduce” rating to a “hold” rating and set a C$2.50 price target on the stock in a research report on Tuesday, January 22nd.
Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.
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