Sprott (TSE:SII) Stock Passes Above Two Hundred Day Moving Average of $46.02

Sprott Inc. (TSE:SII) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$46.02 and traded as high as C$55.25. Sprott shares last traded at C$54.92, with a volume of 18,065 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SII. TD Securities cut their price target on Sprott from C$58.00 to C$57.00 and set a “hold” rating on the stock in a report on Thursday, February 22nd. Royal Bank of Canada lifted their price target on Sprott from C$51.00 to C$54.00 and gave the company a “sector perform” rating in a report on Thursday, February 22nd.

Sprott Stock Performance

The stock has a market cap of C$1.42 billion, a P/E ratio of 25.08, a PEG ratio of -3.34 and a beta of 1.43. The company has a fifty day moving average of C$50.96 and a 200 day moving average of C$46.14. The company has a debt-to-equity ratio of 7.96, a current ratio of 2.10 and a quick ratio of 2.89.

Sprott (TSE:SII) last announced its earnings results on Wednesday, February 21st. The company reported C$0.52 EPS for the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%. The firm had revenue of C$49.93 million for the quarter. On average, equities analysts predict that Sprott Inc. will post 2.9233596 earnings per share for the current fiscal year.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were issued a dividend of $0.336 per share. This is a boost from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.34 annualized dividend and a yield of 2.45%. Sprott’s payout ratio is presently 61.64%.

About Sprott

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.