The Globe and Mail reports in its Friday, Nov. 8, edition that TD Cowen analyst Graham Ryding continues to rate Sprott "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ryding lowered his share target to $72 from $73. Analysts on average target the shares at $64.75.
Mr. Ryding says in a note: "The EPS beat was due to unexpected realized carried interest. Base EBITDA was a slight miss on lower than forecast management fees. Assets-under-management growth and flows are solid however. We see Sprott as a niche asset manager given its emphasis on precious metals and critical minerals, with a strong track record of organic flows and AUM growth. We see potential for further margin expansion." The Globe reported on Feb. 23 that RBC Capital analyst Geoffrey Kwan was sticking with his "sector perform" call on Sprott. The shares could then be had for $50.42. The Globe reported on July 18 that Mr. Ryding continued to rate Sprott "buy." The shares could then be had for $62.52. The Globe reported on Oct. 9 that guest columnist Philip MacKellar said in the Number Cruncher column that overlooked Sprott was having its day. The shares could then be had for $59.95.
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