Sprott (TSE:SII) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Sprott (TSE:SII) had its price target upped by stock analysts at Canaccord Genuity Group from C$130.00 to C$200.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 1.36% from the company’s current price.

Several other analysts have also commented on the company. TD Securities boosted their price target on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday. BMO Capital Markets boosted their target price on shares of Sprott from C$162.00 to C$192.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Royal Bank Of Canada raised shares of Sprott from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$186.00 to C$218.00 in a report on Friday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

Sprott Stock Performance

TSE:SII opened at C$197.31 on Friday. The firm has a market capitalization of C$5.09 billion, a PE ratio of 100.67, a price-to-earnings-growth ratio of -3.34 and a beta of 1.36. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. Sprott has a 12-month low of C$56.05 and a 12-month high of C$197.48. The firm has a 50-day moving average price of C$156.30 and a 200 day moving average price of C$126.40.

Sprott (TSE:SII) last released its quarterly earnings data on Thursday, February 19th. The company reported C$1.49 earnings per share for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%.The company had revenue of C$143.61 million for the quarter. Research analysts anticipate that Sprott will post 3.2178828 earnings per share for the current fiscal year.

Key Sprott News

Here are the key news stories impacting Sprott this week:

• Positive Sentiment: Royal Bank of Canada upgraded Sprott from “sector perform” to “outperform” and lifted its price target to C$218 (from C$186), signaling stronger investor conviction and providing upside support. RBC Upgrade
• Positive Sentiment: Canaccord Genuity raised its target to C$200 and moved to a “buy” rating (from C$130), a bullish endorsement that likely helped buying interest. Canaccord Note
• Neutral Sentiment: BMO Capital Markets bumped its target to C$192 and kept an “outperform” rating (up from C$162). The higher rating is positive, but the C$192 target sits just below the current share level, making this a mixed signal. BMO Note TickerReport
• Negative Sentiment: TD Securities raised its price target slightly to C$180 but maintained a “hold” rating, which implies less conviction for further upside and represents downside vs. the current level — a cautious signal for traders. TD Note
• Positive Sentiment: Sprott reported quarterly EPS of C$1.49 with C$143.61M in revenue, a 28.2% net margin and 15.02% ROE — results that support analyst upgrades and justify renewed investor interest. Earnings Report

Sprott Company Profile

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.