Sprott (TSE:SII) Posts Earnings Results

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

Sprott Price Performance

Shares of TSE SII traded up C$0.82 during mid-day trading on Wednesday, reaching C$61.97. 24,082 shares of the company traded hands, compared to its average volume of 24,004. The stock has a fifty day simple moving average of C$61.22 and a 200-day simple moving average of C$60.01. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89. The firm has a market cap of C$1.11 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. Sprott has a fifty-two week low of C$46.59 and a fifty-two week high of C$66.31.

Wall Street Analyst Weigh In

Several research firms have recently commented on SII. TD Securities lowered their price target on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group set a C$67.00 price target on Sprott and gave the stock a “buy” rating in a research note on Thursday, January 30th.

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.