Sprott (TSE:SII) Given New C$183.00 Price Target at Canaccord Genuity Group

Sprott (TSE:SII) had its target price reduced by investment analysts at Canaccord Genuity Group from C$230.00 to C$183.00 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 would suggest a potential upside of 16.46% from the company’s previous close.

SII has been the topic of a number of other reports. BMO Capital Markets reduced their target price on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Royal Bank Of Canada lowered their price target on shares of Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, TD boosted their price objective on shares of Sprott from C$170.00 to C$175.00 and gave the company a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$187.40.

Sprott Price Performance

Sprott stock traded down C$4.78 during mid-day trading on Thursday, hitting C$157.13. 36,251 shares of the company were exchanged, compared to its average volume of 86,661. Sprott has a 12-month low of C$85.84 and a 12-month high of C$230.43. The company has a market capitalization of C$4.05 billion, a P/E ratio of 47.91, a PEG ratio of -3.34 and a beta of 1.57. The business’s 50 day simple moving average is C$160.60 and its two-hundred day simple moving average is C$178.96.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. The business had revenue of C$113.98 million for the quarter. Sprott had a return on equity of 23.54% and a net margin of 22.40%. Equities research analysts predict that Sprott will post 3.2178828 earnings per share 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.