Sprott Inc. (TSX: SII), the Financial sector company, has received a rating update from a Wall Street analyst on August 13. Analyst Gary Ho from Desjardins rated Sprott Inc. (TSX: SII) a Hold on August 13, setting a C$2.75 price target.
According to TipRanks.com, Ho is ranked #1595 out of 4857 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Sprott Inc. with a C$2.75 average price target.
Based on Sprott Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$5.92 million. In comparison, last year the company had a GAAP net loss of C$3.61 million.
Sprott, Inc. is an alternative asset manager, which engages in precious metal and real asset investments. It operates through the following segments: Exchange Listed Products, Alternative Asset Management, Global, Lending, Consulting, Merchant Banking & Advisory Services, and Corporate.
The company’s shares closed on Wednesday at C$2.90.
