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

Sprott Inc. (TSE:SII) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$170.22 and traded as high as C$186.17. Sprott shares last traded at C$184.43, with a volume of 50,791 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Securities lifted their target price on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a report on Friday, February 20th. TD lifted their target price on Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Royal Bank Of Canada lifted their target price on Sprott from C$218.00 to C$230.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. BMO Capital Markets lifted their target price on Sprott from C$192.00 to C$210.00 in a report on Monday, April 13th. Finally, Canaccord Genuity Group lifted their target price on Sprott from C$200.00 to C$230.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sprott presently has an average rating of “Moderate Buy” and a consensus price target of C$211.00.

Sprott Price Performance

The stock has a 50-day moving average price of C$187.93 and a 200 day moving average price of C$170.22. The firm has a market cap of C$4.76 billion, a price-to-earnings ratio of 56.23, a PEG ratio of -3.34 and a beta of 1.56.

Sprott (TSE:SII) last posted its earnings results on Wednesday, May 6th. The company reported C$1.57 EPS for the quarter. Sprott had a return on equity of 24.26% and a net margin of 22.72%.The business had revenue of C$198.75 million for the quarter. As a group, equities research analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current year.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Sprott’s payout ratio is 42.68%.

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.