Sprott (TSE:SII) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

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$60.52 and traded as high as C$61.98. Sprott shares last traded at C$61.75, with a volume of 39,213 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SII shares. BMO Capital Markets set a C$75.00 target price on Sprott and gave the stock an "outperform" rating in a research note on Friday, March 7th. TD Securities raised their price objective 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, Canaccord Genuity Group boosted their price objective 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.

Sprott Stock Down 1.4 %

The business has a 50 day simple moving average of C$61.58 and a 200 day simple moving average of C$60.69. The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of 24.86, a PEG ratio of -3.34 and a beta of 1.45. The company has a debt-to-equity ratio of 5.65, a current ratio of 3.30 and a quick ratio of 2.89.

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

Remove Ads

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, March 10th. Sprott's payout ratio is 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.