Sprott (TSE:SII) Stock Price Passes Above Two Hundred Day Moving Average of $48.58

Sprott Inc. (TSE:SII – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$48.58 and traded as high as C$48.75. Sprott shares last traded at C$47.87, with a volume of 48,438 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities dropped their price target on Sprott from C$57.00 to C$53.00 and set a “hold” rating on the stock in a research note on Tuesday, February 28th.

Sprott Trading Down 1.9 %

The company has a debt-to-equity ratio of 21.30, a current ratio of 2.99 and a quick ratio of 2.89. The company has a market capitalization of C$1.24 billion, a PE ratio of 54.40, a P/E/G ratio of -3.34 and a beta of 1.31. The firm’s 50 day moving average is C$51.19 and its 200 day moving average is C$48.58.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Monday, March 6th will be paid a $0.333 dividend. The ex-dividend date of this dividend is Friday, March 3rd. This represents a $1.33 annualized dividend and a dividend yield of 2.78%. This is a boost from Sprott’s previous quarterly dividend of $0.25. Sprott’s payout ratio is currently 154.55%.

Sprott Company Profile

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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.