Sprott (TSE:SII) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Sprott Inc. (TSE:SII) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$61.33 and traded as high as C$64.89. Sprott shares last traded at C$64.39, with a volume of 28,622 shares.

Analysts Set New Price Targets

SII has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price objective on shares of Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets raised their price target on Sprott from C$75.00 to C$76.00 in a research report on Friday. Finally, TD Securities boosted their price objective on Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a report on Friday, February 28th.

Sprott Stock Performance

The stock has a market capitalization of C$1.03 billion, a PE ratio of 22.56, a P/E/G ratio of -3.34 and a beta of 1.45. 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’s 50 day moving average is C$62.17 and its two-hundred day moving average is C$61.38.

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

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Monday, March 10th. Sprott’s dividend payout ratio is presently 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.