Sprott (TSE:SII) Share Price Passes Above 200-Day Moving Average – Should You Sell?

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$59.85 and traded as high as C$61.56. Sprott shares last traded at C$60.90, with a volume of 22,338 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SII shares. Canaccord Genuity Group set a C$67.00 price objective on Sprott and gave the company a “buy” rating in a report on Monday, January 20th. TD Securities cut their price target on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Sprott Trading Down 2.4 %

The company’s 50 day simple moving average is C$61.21 and its 200 day simple moving average is C$59.85. 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$1.55 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last released its earnings results on Wednesday, November 6th. The company reported C$0.67 EPS for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. As a group, research analysts expect that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, December 3rd were issued a $0.30 dividend. This is a boost from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 1.97%. Sprott’s dividend payout ratio (DPR) is 61.64%.

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.