TD Securities Cuts Sprott (TSE:SII) Price Target to C$73.00

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

Sprott Stock Up 1.8 %

TSE SII traded up C$1.08 during trading hours on Thursday, reaching C$61.13. 26,101 shares of the company’s stock were exchanged, compared to its average volume of 25,943. The company has a debt-to-equity ratio of 9.19, a quick ratio of 2.89 and a current ratio of 3.02. Sprott has a one year low of C$39.78 and a one year high of C$66.31. The company’s 50-day moving average is C$59.21 and its two-hundred day moving average is C$58.70. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

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