Sprott (TSE:SII) released its earnings results on Friday. The company reported C$0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.03, Morningstar.com reports. Sprott had a return on equity of 2.93% and a net margin of 12.08%.
TSE:SII traded up C$0.07 on Friday, hitting C$3.30. 220,250 shares of the stock were exchanged, compared to its average volume of 442,413. Sprott has a fifty-two week low of C$1.92 and a fifty-two week high of C$3.62.
In other Sprott news, insider Eric S. Sprott sold 21,300 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of C$3.15, for a total transaction of C$67,095.00. Also, insider Eric S. Sprott sold 602,300 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of C$3.01, for a total value of C$1,812,923.00. Insiders have sold 1,236,488 shares of company stock valued at $3,859,061 over the last 90 days.
Several research firms recently commented on SII. BMO Capital Markets reiterated an “underperform” rating and issued a C$2.75 target price on shares of Sprott in a research note on Monday, March 5th. Desjardins upped their target price on Sprott from C$2.50 to C$3.00 in a research note on Monday, March 5th. TD Securities lowered Sprott from a “hold” rating to a “reduce” rating and set a C$2.75 target price for the company. in a research note on Tuesday, March 6th. Finally, Royal Bank of Canada lowered Sprott from a “sector perform” rating to an “underperform” rating and upped their target price for the company from C$2.75 to C$3.25 in a research note on Monday, March 5th.
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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