Sprott (SII) Stock Forecast and Price Target (2026)

Sell-side coverage follows trading volume and banking relationships, so smaller companies, recent listings, and names outside the major indices often carry little or none. That is the situation with SII. It says nothing about the quality of the business, but it does mean there is no informed average to anchor to, and that any single target you find elsewhere is one analyst's model rather than a consensus.

The trailing figures still capture a period when gold and silver were at record levels, so they flatter the current run rate: AUM fell from ~$65.1 billion at March 31, 2026 to ~$55.6 billion at June 30, and the stock trades near 27 times trailing and 24 times forward earnings. Analysts expect ~$4.65 of EPS for 2026 and ~$4.84 for 2027, roughly flat growth after this year's jump, so the multiple depends on metals holding up rather than on further earnings expansion. The November 4 report, with consensus near $1.12 of EPS, will show the third-quarter AUM mix after uranium's move to record prices.

For the fiscal year ending Dec 2026, the 5 analysts publishing estimates on SII expect earnings of $4.58 per share (+100% on the year before) and revenue of 497.5 million CAD (+35%).

Estimates are the most widely published forecast there is: many more analysts model a company's earnings than publish a price target on it. They are also revised constantly, and the direction of those revisions into a report is often more informative than the level. Sprott next reports on November 4, 2026, which is when these figures get tested against actual results.

Not a published one. Analyst price targets run to about twelve months, occasionally two years, and the firms covering SII do not put out a 2030 number. Anything presenting one is extrapolating a growth rate rather than reporting research, and a figure produced that way tells you about the assumption chosen, not about the company.

The furthest-out consensus that exists is for the fiscal year ending Dec 2027: analysts expect earnings of $4.79 per share, +4.6% on the fiscal year ending Dec 2026 estimate of $4.58. Beyond that, nobody publishes estimates, so any later number is an extrapolation.

On the figures we hold as of November 2026, SII trades at about 25.0 times trailing earnings and 21.3 times forward earnings. A forward multiple below the trailing one means the market expects earnings to grow, and the size of that gap is roughly how much growth is already in the price.

That is the more useful frame for a ten-year question. A share price is the market’s estimate of future cash flows discounted to today, so the multiple is already a statement about growth. The long-horizon question is whether Sprott can deliver what is priced in, and what would have to change for that to break. Both are answerable from the drivers and risks below. A number for 2030 is not.

In short: the drivers cited most often are Precious metals AUM is the core engine, Critical materials and uranium as the second leg, Operating leverage on a very small cost base. The risk cited most often against it is the dominant risk is that Sprott is a commodity price bet in disguise: a sustained drawdown in gold, silver or uranium shrinks AUM, fees and earnings at the same time, as the ~15% quarter-over-quarter AUM decline in Q2 2026 showed.

Both sides are worked through properly, with the high and low targets used as the bull and bear anchors, on the SII is it a buy page. This page deliberately stops at the numbers.