Sprott (TSE:SII) Stock Crosses Above 200 Day Moving Average of $46.02

Posted by ABMN Staff on Apr 17th, 2024

Shares of Sprott Inc. (TSE:SII – Get Free Report) passed 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 traded.

Analyst Ratings Changes

SII has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on shares of Sprott from C$51.00 to C$54.00 and gave the company a “sector perform” rating in a research note on Thursday, February 22nd. TD Securities dropped 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.

Read Our Latest Analysis on Sprott

Sprott Price Performance

The company has a debt-to-equity ratio of 7.96, a current ratio of 2.10 and a quick ratio of 2.89. The firm has a market cap of C$1.42 billion, a PE ratio of 25.08, a P/E/G ratio of -3.34 and a beta of 1.43. The business’s fifty day moving average is C$50.75 and its 200-day moving average is C$46.02.

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

Sprott Increases Dividend

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

Sprott Company Profile

(Get Free Report)

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.