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

Shares of Sprott Inc. (TSE:SII) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$60.52 and traded as high as C$61.98. Sprott shares last traded at C$61.75, with a volume of 39,213 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SII shares. Canaccord Genuity Group upped their price target on shares of Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. TD Securities upped their price target 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 price target on shares of Sprott and gave the company an “outperform” rating in a research note on Friday, March 7th.

Sprott Price Performance

The stock has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of -3.34 and a beta of 1.45. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The business’s 50 day simple moving average is C$61.42 and its 200-day simple moving average is C$60.57.

Sprott (TSE:SII) last announced its quarterly earnings data on Wednesday, February 26th. The company reported C$0.46 earnings per share (EPS) for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. On average, research analysts forecast that Sprott Inc. will post 3.2178828 earnings per share for the current year.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.87%. Sprott’s payout ratio 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.