Sprott (TSE:SII) PT Set at C$67.00 by Canaccord Genuity Group

Sprott (TSE:SII) received a C$67.00 price objective from research analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 6.16% from the stock’s current price.

Separately, TD Securities cut their price objective on shares of 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 Performance

Shares of TSE:SII opened at C$63.11 on Thursday. The company has a quick ratio of 2.89, a current ratio of 3.02 and a debt-to-equity ratio of 9.19. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The firm has a 50 day moving average of C$61.25 and a 200 day moving average of C$59.90. Sprott has a 52 week low of C$46.59 and a 52 week high of C$66.31.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.67 earnings per share for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. On average, sell-side analysts predict 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.