Sprott (TSE:SII) Shares Pass Above 200-Day Moving Average - Should You Sell?

Shares of Sprott Inc. (TSE:SII - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$61.47 and traded as high as C$66.26. Sprott shares last traded at C$65.78, with a volume of 80,069 shares.

Analyst Upgrades and Downgrades

SII has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their target price on shares of Sprott from C$67.00 to C$71.00 and gave the company a "buy" rating in a report on Thursday, February 27th. TD Securities increased their target price on Sprott from C$70.00 to C$71.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, BMO Capital Markets boosted their price target on Sprott from C$75.00 to C$76.00 in a research report on Friday, April 4th.

Sprott Trading Up 7.1 %

The firm's 50 day simple moving average is C$62.04 and its 200-day simple moving average is C$61.61. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The company has a market capitalization of C$1.31 billion, a PE ratio of 28.58, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII - Get Free Report) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate that Sprott Inc. will post 3.2178828 EPS for the current year.

Remove Ads

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were paid 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 1.64%. Sprott's dividend payout ratio is currently 52.61%.

Sprott Company Profile

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.