Sprott (TSE:SII) Stock Passes Above 200-Day Moving Average - Here's What Happened

Sprott Inc. (TSE:SII - Get Free Report) shares 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.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. 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 report on Thursday, November 7th. Canaccord Genuity Group set a C$67.00 price target on Sprott and gave the stock a "buy" rating in a research note on Thursday.

Sprott Trading Up 0.0 %

The stock has a 50-day moving average of C$61.23 and a 200 day moving average of C$59.88. The stock has a market cap of C$1.60 billion, a PE ratio of 28.82, 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 3.02 and a debt-to-equity ratio of 9.19.

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

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, December 3rd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Sprott's previous quarterly dividend of $0.25. Sprott's dividend payout ratio 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.