Sprott (TSE:SII) Issues Earnings Results

Sprott (TSE:SII) issued its quarterly earnings data on Wednesday. The company reported C$0.46 earnings per share for the quarter, RTT News reports. Sprott had a net margin of 28.20% and a return on equity of 15.02%.

Sprott Trading Up 2.7 %

TSE:SII opened at C$62.80 on Thursday. The company’s 50 day moving average is C$61.27 and its 200-day moving average is C$60.07. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. Sprott has a 12 month low of C$46.59 and a 12 month high of C$66.31. The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of -3.34 and a beta of 1.45.

Analysts Set New Price Targets

SII has been the topic of several analyst reports. Canaccord Genuity Group set a C$67.00 price target on shares of Sprott and gave the stock a “buy” rating in a research note on Thursday, January 30th. TD Securities lowered their target price on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

Sprott Company Profile

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.