Sprott (TSE:SII) Reaches New 52-Week High After Analyst Upgrade

Sprott Inc. (TSE:SII)’s share price reached a new 52-week high during trading on Friday after Canaccord Genuity Group raised their price target on the stock from C$130.00 to C$200.00. Canaccord Genuity Group currently has a buy rating on the stock. Sprott traded as high as C$193.60 and last traded at C$193.60, with a volume of 6278 shares traded. The stock had previously closed at C$179.47.

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

Key Headlines Impacting Sprott

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 Stock Up 9.9%

The stock has a market cap of C$5.09 billion, a P/E ratio of 100.67, a P/E/G ratio of -3.34 and a beta of 1.36. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The firm’s fifty day moving average is C$156.30 and its 200 day moving average is C$126.40.

Sprott (TSE:SII) last released its earnings results on Thursday, February 19th. The company reported C$1.49 earnings per share (EPS) for the quarter. The firm had revenue of C$143.61 million for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. As a group, equities research analysts forecast that Sprott Inc. will post 3.2178828 EPS for the current year.

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.