Sprott (TSE:SII) Issues Earnings Results

Sprott (TSE:SII) posted its quarterly earnings results on Thursday. The company reported C$1.49 EPS for the quarter, FiscalAI reports. Sprott had a return on equity of 15.02% and a net margin of 28.20%.The company had revenue of C$143.61 million for the quarter.

Sprott Trading Up 5.7%

SII stock opened at C$179.47 on Friday. The firm has a fifty day moving average price of C$154.93 and a 200 day moving average price of C$125.45. Sprott has a fifty-two week low of C$56.05 and a fifty-two week high of C$192.00. The firm has a market cap of C$4.63 billion, a PE ratio of 91.57, a price-to-earnings-growth ratio of -3.34 and a beta of 1.36. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of Sprott from C$130.00 to C$176.00 and gave the company a “hold” rating in a research report on Friday, January 23rd. BMO Capital Markets raised their target price on shares of Sprott from C$109.00 to C$123.00 in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Sprott from C$132.00 to C$186.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$139.00.

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.