Sprott (TSE:SII) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Sprott Inc. (TSE:SII) passed 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.

Analyst Ratings Changes

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

Sprott Trading Up 0.4 %

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 has a market cap of C$1.15 billion, a PE ratio of 25.09, a P/E/G ratio of -3.34 and a beta of 1.45. The company has a 50 day simple moving average of C$62.28 and a two-hundred day simple moving average of C$61.33.

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

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Sprott’s 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.