Royal Bank of Canada Increases Sprott (TSE:SII) Price Target to C$59.00

Sprott (TSE:SII) had its target price boosted by research analysts at Royal Bank of Canada from C$54.00 to C$59.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 9.32% from the company’s current price.

Separately, TD Securities boosted their price objective on shares of Sprott from C$55.00 to C$58.00 in a research note on Thursday, April 25th.

Sprott Price Performance

Shares of TSE:SII opened at C$53.97 on Monday. The company has a 50 day moving average of C$51.54 and a 200 day moving average of C$46.99. The stock has a market cap of C$1.40 billion, a P/E ratio of 24.64, a P/E/G ratio of -3.34 and a beta of 1.43. Sprott has a 12 month low of C$38.43 and a 12 month high of C$58.29. The company has a current ratio of 2.10, a quick ratio of 2.89 and a debt-to-equity ratio of 7.96.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 EPS for the quarter. The company had revenue of C$49.93 million during the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. As a group, sell-side analysts forecast that Sprott will post 2.9233596 EPS for the current fiscal 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.