Sprott (TSE:SII) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Sprott Inc. (TSE:SII)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets set a C$75.00 target price on shares of Sprott and gave the stock an “outperform” rating in a research report on Friday, March 7th. TD Securities raised 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, Canaccord Genuity Group boosted 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 note on Thursday, February 27th.

Sprott Trading Up 0.4 %

The stock has a market capitalization of C$1.15 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65. The firm has a 50-day moving average price of C$62.28 and a 200-day moving average price of C$61.33.

Sprott (TSE:SII) last announced 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, equities analysts forecast that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Sprott’s dividend payout ratio (DPR) is currently 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.