Sprott (TSE:SII) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Sprott Inc. (TSE:SII) crossed 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 traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SII. Canaccord Genuity Group upped their target price on Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets set a C$75.00 target price on Sprott and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, TD Securities increased their price target on Sprott from C$70.00 to C$71.00 and gave the stock a “buy” rating in a report on Friday, February 28th.

Sprott Stock Performance

The firm has a 50-day simple moving average of C$61.38 and a 200 day simple moving average of C$60.52. The company has a market cap of C$1.10 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth 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.

Sprott (TSE:SII) last announced its earnings results 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%. On average, sell-side analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.94%. Sprott’s dividend payout ratio (DPR) 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.