Sprott (TSE:SII) Raised to “Outperform” at Royal Bank Of Canada

Sprott (TSE:SII) was upgraded by investment analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a C$218.00 price objective on the stock, up from their previous price objective of C$186.00. Royal Bank Of Canada’s target price would indicate a potential upside of 10.49% from the company’s previous close.

Several other analysts also recently issued reports on SII. BMO Capital Markets increased their price target on Sprott from C$109.00 to C$123.00 in a report on Thursday, November 6th. TD Securities increased their target price on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$197.50.

Sprott Trading Up 9.9%

Shares of SII stock opened at C$197.31 on Friday. 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 fifty-two week low of C$56.05 and a fifty-two week high of C$197.48. The firm’s 50 day moving average price is C$156.30 and its two-hundred day moving average price is C$126.40. The stock has a market cap of C$5.09 billion, a price-to-earnings ratio of 100.67, a price-to-earnings-growth ratio of -3.34 and a beta of 1.36.

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

More 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

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.