BMO Capital initiated coverage of Sprott (SII) with an Outperform rating and C$75 price target The firm says Sprott is a “differentiated” alternative asset manager with a track record for mid-single-digit net flows throughout precious metals cycles. The company benefits from a scalable business model, “significant” free cash flow and supporting valuations north of 20-times earnings, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SII:
- Sprott (SII) Announces Q1 Dividend: Read On for Important Dates
- Sprott price target raised to C$71 from C$70 at TD Securities
- Sprott Inc’s Earnings Call: Strong Growth Amid Challenges
- Sprott Inc. Reports Mixed 2024 Financial Results
- Morning Movers: TJX and Lowe’s gain following fourth quarter results
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue