Sprott (TSE:SII) Shares Pass Above 200 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 Wednesday . The stock has a two hundred day moving average of C$61.33 and traded as high as C$64.89. Sprott shares last traded at C$64.39, with a volume of 28,622 shares trading hands.

Wall Street Analysts Forecast Growth

SII has been the topic of several research analyst reports. 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 note on Friday, February 28th. BMO Capital Markets increased their price target on Sprott from C$75.00 to C$76.00 in a report on Friday. Finally, Canaccord Genuity Group lifted their price objective on 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 Performance

The firm has a market cap of C$1.03 billion, a price-to-earnings ratio of 22.51, 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$62.11 and a 200-day moving average of C$61.39. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30.

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

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Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 2.08%. Sprott's dividend payout ratio (DPR) is presently 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.