Sprott (TSE:SII) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Sprott Inc. (TSE:SII)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

SII has been the topic of a number of research analyst reports. TD Securities lifted their price target 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 raised their price objective on Sprott from C$75.00 to C$76.00 in a report on Friday. Finally, Canaccord Genuity Group lifted their target price on shares of Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.

Sprott Stock Performance

The stock has a 50-day moving average of C$62.17 and a 200 day moving average of C$61.38. The stock has a market cap of C$1.03 billion, a PE ratio of 22.56, a P/E/G ratio of -3.34 and a beta of 1.45. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65.

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

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were paid a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.07%. Sprott’s dividend payout ratio (DPR) 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.