Royal Bank of Canada Cuts Sprott (TSE:SII) Price Target to C$63.00

Sprott (TSE:SII – Get Rating) had its price target decreased by investment analysts at Royal Bank of Canada from C$67.00 to C$63.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 18.85% from the company’s previous close.

Separately, TD Securities reduced their price target on Sprott from C$62.00 to C$58.00 and set a “hold” rating on the stock in a research report on Monday.

TSE:SII traded down C$5.40 during trading hours on Monday, reaching C$53.01. The company’s stock had a trading volume of 44,344 shares, compared to its average volume of 68,285. The company has a market capitalization of C$1.37 billion and a P/E ratio of 32.26. Sprott has a 12 month low of C$41.72 and a 12 month high of C$71.70. The company has a debt-to-equity ratio of 12.49, a quick ratio of 2.52 and a current ratio of 2.76. The stock has a 50 day moving average price of C$61.03 and a two-hundred day moving average price of C$55.45.

Sprott (TSE:SII – Get Rating) last issued its quarterly earnings data on Friday, February 25th. The company reported C$0.52 EPS for the quarter. The business had revenue of C$43.63 million during the quarter. As a group, analysts predict that Sprott will post 2.9400002 EPS for the current fiscal year.

Sprott Company Profile (Get Rating)

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.

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