Sprott (TSE:SII) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Sprott Inc. (TSE:SII)’s share price 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 research analysts have recently weighed in on the stock. TD Securities upped their price target on shares of Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a report on Friday, February 28th. BMO Capital Markets set a C$75.00 target price on shares of Sprott and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, Canaccord Genuity Group increased their target price on shares of Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

Sprott Price Performance

The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The company’s fifty day moving average is C$61.42 and its 200 day moving average is C$60.57. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 25.00, a PEG ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last posted its quarterly earnings results 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%. On average, equities research analysts predict that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.87%. The ex-dividend date is Monday, March 10th. Sprott’s dividend payout ratio (DPR) is currently 52.61%.

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.