TD Securities Raises Sprott (TSE:SII) Price Target to C$84.00

Sprott (TSE:SII) had its price target boosted by research analysts at TD Securities from C$79.00 to C$84.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 8.98% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Sprott from C$75.00 to C$76.00 in a research note on Friday, April 4th. Canaccord Genuity Group upped their target price on shares of Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.

Sprott Price Performance

Shares of TSE SII opened at C$77.08 on Thursday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The company has a 50 day simple moving average of C$66.16 and a two-hundred day simple moving average of C$63.09. Sprott has a fifty-two week low of C$52.20 and a fifty-two week high of C$77.86. The company has a market capitalization of C$1.38 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, February 26th. The company reported C$0.46 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Analysts expect that Sprott will post 3.2178828 EPS 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.