Sprott (TSE:SII) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Sprott Inc. (TSE:SII) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$60.89 and traded as high as C$64.40. Sprott shares last traded at C$63.66, with a volume of 30,317 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a report on Thursday, February 27th. TD Securities lifted their target price on shares of Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, BMO Capital Markets set a C$75.00 target price on shares of Sprott and gave the stock an “outperform” rating in a research report on Friday, March 7th.

Sprott Price Performance

The stock has a 50 day moving average of C$61.91 and a two-hundred day moving average of C$60.89. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The firm has a market capitalization of C$1.14 billion, a P/E ratio of 24.81, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last released its quarterly earnings results on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. Sell-side analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, March 10th. Sprott’s dividend payout ratio (DPR) is 52.61%.

About Sprott

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company’s closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company’s branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.