Sprott (TSE:SII) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Sprott Inc. (TSE:SII - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$59.37 and traded as high as C$61.56. Sprott shares last traded at C$60.04, with a volume of 30,859 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their target price on shares of 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.

Sprott Price 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 firm has a market capitalization of C$1.55 billion, a PE ratio of 27.78, a PEG ratio of -3.34 and a beta of 1.45. The stock has a 50-day moving average price of C$61.81 and a 200 day moving average price of C$59.36.

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 paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.97%. This is a boost from Sprott's previous quarterly dividend of $0.25. Sprott's dividend payout ratio (DPR) is currently 61.64%.

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.