Sprott (TSE:SII) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Sprott Inc. (TSE:SII)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$59.60 and traded as low as C$57.10. Sprott shares last traded at C$57.11, with a volume of 22,524 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their target price on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a report on Thursday, November 7th.

Sprott Price Performance

The company has a debt-to-equity ratio of 9.19, a current ratio of 3.02 and a quick ratio of 2.89. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of 26.08, a PEG ratio of -3.34 and a beta of 1.45. The stock has a 50-day moving average price of C$61.08 and a 200 day moving average price of C$59.60.

Sprott Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.30 per share. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 2.10%. Sprott’s payout ratio is 61.64%.

Sprott Company Profile

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.