Sprott (TSE:SII) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Sprott Inc. (TSE:SII - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$59.60 and traded as low as C$57.10. Sprott shares last traded at C$57.11, with a volume of 22,524 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities dropped their price target on shares of Sprott from C$74.00 to C$73.00 and set a "buy" rating for the company in a research note on Thursday, November 7th.

Sprott Stock Performance

The company has a quick ratio of 2.89, a current ratio of 3.02 and a debt-to-equity ratio of 9.19. The company has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The stock has a 50 day moving average of C$61.02 and a 200 day moving average of C$59.60.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from Sprott's previous quarterly dividend of $0.25. The ex-dividend date was Monday, November 18th. Sprott's dividend payout ratio is presently 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.