Sprott (TSE:SII) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Sprott Inc. (TSE:SII) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$60.89 and traded as high as C$64.40. Sprott shares last traded at C$63.66, with a volume of 30,317 shares trading hands.

Analyst Ratings Changes

SII has been the subject of several recent analyst reports. TD Securities upped their target price on shares of Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a research note on Friday, February 28th. BMO Capital Markets set a C$75.00 price objective on shares of Sprott and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, Canaccord Genuity Group lifted their target price on Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

Sprott Stock Up 1.3 %

The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The firm’s fifty day simple moving average is C$62.08 and its 200 day simple moving average is C$61.03. The stock has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of -3.34 and a beta of 1.45.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, February 26th. The company reported C$0.46 EPS for the quarter. Sprott had a net margin of 28.20% and a return on equity of 15.02%. On average, sell-side analysts forecast that Sprott Inc. will post 3.2178828 earnings per share for the current year.

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders 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 dividend yield of 1.86%. Sprott’s dividend payout ratio is currently 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.