Sprott (TSE:SII) Price Target Lowered to C$3.25 at TD Securities

Sprott (TSE:SII) had its target price dropped by equities researchers at TD Securities from C$3.50 to C$3.25 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 17.33% from the stock’s current price.

Separately, Royal Bank of Canada increased their price target on shares of Sprott from C$2.50 to C$3.00 in a research note on Monday, July 22nd.

Shares of SII traded down C$0.06 during mid-day trading on Tuesday, hitting C$2.77. 110,711 shares of the company’s stock were exchanged, compared to its average volume of 290,671. The firm has a fifty day moving average of C$3.10 and a two-hundred day moving average of C$3.32. Sprott has a twelve month low of C$2.36 and a twelve month high of C$3.99. The stock has a market cap of $695.44 million and a price-to-earnings ratio of 46.17. The company has a quick ratio of 1.86, a current ratio of 2.67 and a debt-to-equity ratio of 8.81.

Sprott (TSE:SII) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.01). The firm had revenue of C$21.23 million for the quarter. On average, equities analysts predict that Sprott will post 0.15 earnings per share for the current year.

About Sprott

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.

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