BMO Capital Markets Upgrades Sprott (TSE:SII) to “Strong-Buy”

Sprott (TSE:SII) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other analysts also recently commented on SII. TD Securities raised their price objective on shares of Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Canaccord Genuity Group raised their price target on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a report on Thursday, February 27th.

Sprott Price Performance

Shares of Sprott stock opened at C$64.07 on Thursday. The stock’s fifty day moving average is C$61.29 and its 200 day moving average is C$60.29. Sprott has a one year low of C$46.59 and a one year high of C$66.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The stock has a market cap of C$1.15 billion, a P/E ratio of 24.97, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, February 26th. The company reported C$0.46 earnings per share (EPS) for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Sell-side analysts anticipate 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.