Sprott (TSE:SII) Price Target Set at C$67.00 by Canaccord Genuity Group

Sprott (TSE:SII) has received a new price target of C$67.00 from analysts at Canaccord Genuity Group, as reported in a research note to their clients and investors on Monday. The firm has issued a “buy” rating for the stock, suggesting optimism for its potential. The assigned price target reflects a possible increase of 8.45% from Sprott's existing stock price.

In a related update, TD Securities revised its price target for Sprott shares, lowering it from C$74.00 to C$73.00 while maintaining a “buy” rating as of Thursday, November 7th.

Sprott’s Recent Performance

On Monday, shares of Sprott opened at C$61.78. The company has a fifty-day moving average of C$60.99 and a 200-day moving average of C$59.74. Currently, Sprott boasts a market capitalization of C$1.57 billion, a price-to-earnings ratio of 28.21, and a P/E/G ratio of -3.34, along with a beta of 1.45. Over the past twelve months, the stock has experienced a low of C$46.59 and a high of C$66.31. It also exhibits a quick ratio of 2.89 and a current ratio of 3.02, with a notable debt-to-equity ratio of 9.19.

Recently, Sprott announced its quarterly earnings for the period ending on November 6th. The company reported earnings per share (EPS) of C$0.67, achieving a net profit margin of 22.68% and a return on equity of 12.85%. Analysts predict that Sprott will post an EPS of approximately 3.22 for the current fiscal year.

About Sprott Inc.

Sprott Inc. is an asset management firm based in Canada, functioning as an alternative asset manager. The company operates across six reportable segments. These include Exchange Listed Products, which offers management services for the company's closed-end physical trusts and exchange-traded funds; Managed Equities, which provides asset management services for branded funds, limited partnerships, and accounts; Lending, which focuses on lending and streaming activities through partnerships; and Brokerage, which comprises Canadian and U.S. brokerage activities.

Sprott, Investment, Earnings