Sprott (TSE:SII) Stock Rating Upgraded by BMO Capital Markets

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

A number of other brokerages have also recently issued reports on SII. TD Securities lifted their target price on Sprott from C$70.00 to C$71.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Canaccord Genuity Group lifted their price objective on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.

Sprott Price Performance

Shares of TSE SII opened at C$64.07 on Thursday. Sprott has a fifty-two week low of C$46.59 and a fifty-two week high of C$66.31. The business has a 50 day moving average price of C$61.29 and a two-hundred day moving average price of C$60.29. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The firm has a market cap of C$1.15 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last announced its quarterly earnings results 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 expect that Sprott will post 3.2178828 earnings per share for the current fiscal year.

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.