Sprott (TSE:SII) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Shares of Sprott Inc. (TSE:SII - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$59.89 and traded as high as C$63.11. Sprott shares last traded at C$60.83, with a volume of 21,511 shares.

Wall Street Analyst Weigh In

SII has been the topic of several recent analyst reports. TD Securities cut their target price on Sprott from C$74.00 to C$73.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Canaccord Genuity Group set a C$67.00 price objective on shares of Sprott and gave the company a "buy" rating in a research note on Thursday, January 30th.

Sprott Stock Performance

The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of -3.34 and a beta of 1.45. The firm's 50 day simple moving average is C$61.42 and its 200-day simple moving average is C$59.89. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30.

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.