Canaccord Genuity Group Reiterates C$67.00 Price Target for Sprott (TSE:SII)

Sprott (TSE:SII) has been given a C$67.00 price target by analysts at Canaccord Genuity Group in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 9.51% from the company’s previous close.

Separately, TD Securities lowered their target price on Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

Sprott Stock Up 0.7 %

Sprott stock traded up C$0.41 during mid-day trading on Monday, reaching C$61.18. The company’s stock had a trading volume of 3,454 shares, compared to its average volume of 19,756. The company has a debt-to-equity ratio of 9.19, a quick ratio of 2.89 and a current ratio of 3.02. Sprott has a 12 month low of C$46.59 and a 12 month high of C$66.31. The business’s 50 day simple moving average is C$60.92 and its 200 day simple moving average is C$59.68. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

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.