RBC Capital Adjusts Sprott Price Target to CA$230 From CA$218, Maintains Outperform Rating
RBC Capital Adjusts Sprott Price Target to CA$230 From CA$218, Maintains Outperform Rating
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RBC Capital Adjusts Sprott Price Target to CA$230 From CA$218, Maintains Outperform Rating
RBC Capital Markets raised its price targets on Sprott Inc. (SII.TO, SII) to $230 from $218 on Thursday.Analyst Bart Dziarski maintained an Outperform rating on shares of the Toronto-based alternative asset manager following its quarterly results on Wednesday.The stock rose $34.27, or approximately 20%, to $207.65 on the Toronto Stock Exchange."Momentum continues across Sprott's business lines, highlighting embedded operating leverage to constructive commodity pricing compounded by net inflows accentuated by adjusted EBITDA margin reaching 72%," Dziarski said in a note to clients.