Sprott (TSE:SII) Price Target Cut to C$73.00 by Analysts at TD Securities

Sprott (TSE:SII) had its price target lowered by analysts at TD Securities from C$74.00 to C$73.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 19.42% from the company’s previous close.

Sprott Stock Performance

Sprott stock traded up C$1.08 during mid-day trading on Thursday, hitting C$61.13. 26,101 shares of the company’s stock traded hands, compared to its average volume of 25,943. Sprott has a fifty-two week low of C$39.78 and a fifty-two week high of C$66.31. The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of -3.34 and a beta of 1.45. The firm has a 50 day simple moving average of C$59.21 and a two-hundred day simple moving average of C$58.70. The company has a debt-to-equity ratio of 9.19, a current ratio of 3.02 and a quick ratio of 2.89.

Sprott (TSE:SII) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.70 earnings per share for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. The business had revenue of C$65.66 million during the quarter. On average, research analysts expect that Sprott will post 3.2178828 EPS for the current fiscal year.

Sprott Company Profile

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.