Sprott (TSE:SII) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Sprott Inc. (TSE:SII)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$174.79 and traded as high as C$184.34. Sprott shares last traded at C$172.78, with a volume of 70,683 shares.

Wall Street Analyst Weigh In

SII has been the subject of several research analyst reports. TD lifted their price target on shares of Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Canaccord Genuity Group increased their price objective on shares of Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. TD Securities raised their target price on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada boosted their target price on Sprott from C$218.00 to C$230.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, BMO Capital Markets upped their price target on Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Sprott has an average rating of “Moderate Buy” and a consensus target price of C$211.00.

Sprott Stock Performance

The business has a fifty day moving average of C$182.91 and a 200-day moving average of C$174.79. The company has a market capitalization of C$4.46 billion, a P/E ratio of 52.68, a PEG ratio of -3.34 and a beta of 1.47.

Sprott (TSE:SII) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 EPS for the quarter. Sprott had a net margin of 22.40% and a return on equity of 23.54%. The business had revenue of C$198.75 million during the quarter. Sell-side analysts anticipate that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, May 19th. Sprott’s dividend payout ratio (DPR) is currently 42.68%.

About Sprott

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.