TD Securities Increases Sprott (TSE:SII) Price Target to C$58.00

Sprott (TSE:SII) had its price objective lifted by research analysts at TD Securities from C$55.00 to C$58.00 in a report issued on Thursday, BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 5.96% from the stock’s previous close.

Separately, Royal Bank of Canada increased their price objective on Sprott from C$51.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 22nd.

Sprott Price Performance

Shares of SII opened at C$54.74 on Thursday. The stock’s fifty day moving average is C$51.34 and its 200-day moving average is C$46.61. Sprott has a one year low of C$38.43 and a one year high of C$58.29. The firm has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of -3.34 and a beta of 1.43. The company has a debt-to-equity ratio of 7.96, a quick ratio of 2.89 and a current ratio of 2.10.

Sprott (TSE:SII) last announced its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share for the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%. The business had revenue of C$49.93 million during the quarter. Equities analysts anticipate that Sprott will post 2.9233596 EPS for the current year.

About Sprott

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.