Sprott (TSE:SII) Share Price Passes Above 200-Day Moving Average - Here's Why

Sprott Inc. (TSE:SII - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$60.89 and traded as high as C$64.40. Sprott shares last traded at C$63.66, with a volume of 30,317 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SII shares. BMO Capital Markets set a C$75.00 target price on Sprott and gave the company an "outperform" rating in a research note on Friday, March 7th. TD Securities lifted their price objective on shares of Sprott from C$70.00 to C$71.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Canaccord Genuity Group upped their target price 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.

Sprott Price Performance

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 has a fifty day simple moving average of C$62.13 and a two-hundred day simple moving average of C$61.11. The firm has a market cap of C$1.13 billion, a PE ratio of 24.70, a PEG ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Equities analysts predict that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

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Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.89%. 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.