Sprott (TSE:SII) Stock Price Passes Above 200 Day Moving Average of $46.51

Sprott Inc. (TSE:SII) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$46.51 and traded as high as C$54.11. Sprott shares last traded at C$53.28, with a volume of 13,559 shares.

Analysts Set New Price Targets

Several research firms have commented on SII. TD Securities lowered their price target on shares of Sprott from C$58.00 to C$57.00 and set a “hold” rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada boosted their price target on shares of Sprott from C$51.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Thursday, February 22nd.

Sprott Stock Down 1.4 %

The firm has a market cap of C$1.38 billion, a PE ratio of 24.33, a P/E/G ratio of -3.34 and a beta of 1.43. The company has a debt-to-equity ratio of 7.96, a quick ratio of 2.89 and a current ratio of 2.10. The firm’s 50-day moving average price is C$51.22 and its two-hundred day moving average price is C$46.51.

Sprott (TSE:SII) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.52 earnings per share for the quarter. The business had revenue of C$49.93 million during the quarter. Sprott had a net margin of 24.73% and a return on equity of 13.72%. As a group, equities research analysts expect that Sprott Inc. will post 2.9233596 EPS for the current fiscal year.

Sprott Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Friday, March 1st. This is an increase from Sprott’s previous quarterly dividend of $0.25. Sprott’s payout ratio is currently 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.