Sprott (TSE:SII) Price Target Raised to C$123.00

Sprott (TSE:SII) had its target price lifted by equities researchers at BMO Capital Markets from C$109.00 to C$123.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 3.61% from the company’s previous close.

Separately, TD Securities increased their price target on shares of Sprott from C$100.00 to C$125.00 and gave the company a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprott currently has an average rating of “Moderate Buy” and a consensus price target of C$106.33.

Sprott Price Performance

Shares of SII stock traded up C$0.32 during trading on Thursday, hitting C$118.72. The company had a trading volume of 54,828 shares, compared to its average volume of 60,868. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The stock’s 50-day moving average is C$108.59 and its two-hundred day moving average is C$94.35. The stock has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 61.20, a price-to-earnings-growth ratio of -3.34 and a beta of 1.22. Sprott has a 52 week low of C$56.05 and a 52 week high of C$125.65.

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.