Sprott (TSE:SII) had its price objective reduced by equities researchers at Desjardins from C$2.75 to C$2.50 in a research report issued to clients and investors on Monday, February 4th. Desjardins’ price objective would indicate a potential downside of 1.96% from the company’s current price. Desjardins also issued estimates for Sprott’s Q4 2018 earnings at $0.03 EPS and FY2020 earnings at $0.12 EPS.
Several other research firms have also recently weighed in on SII. Royal Bank of Canada cut their target price on shares of Sprott from C$2.75 to C$2.50 in a research note on Tuesday, January 15th. TD Securities raised shares of Sprott from a “reduce” rating to a “hold” rating and set a C$2.50 target price for the company in a research note on Tuesday, January 22nd.
SII traded down C$0.01 during trading on Monday, hitting C$2.55. 78,200 shares of the company traded hands, compared to its average volume of 252,502. The stock has a market capitalization of $613.59 million and a price-to-earnings ratio of 28.02. Sprott has a 1 year low of C$2.36 and a 1 year high of C$3.62. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.37 and a current ratio of 2.70.
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.
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