Sprott (TSE:SII – Get Free Report) had its price target reduced by analysts at Canaccord Genuity Group from C$230.00 to C$183.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 16.46% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. TD increased their price target on shares of Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a report on Thursday. BMO Capital Markets cut their target price on Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada dropped their price objective on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$187.40.
Get Our Latest Stock Analysis on SII
Sprott Stock Down 3.0%
Sprott (TSE:SII – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. The company had revenue of C$113.98 million for the quarter. Sprott had a net margin of 22.40% and a return on equity of 23.54%. Analysts anticipate that Sprott will post 3.2178828 earnings per share for the current fiscal 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.
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