Sprott (TSE:SII) Shares Pass Below 200-Day Moving Average of $48.99

Sprott Inc. (TSE:SII – Get Rating) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$48.99 and traded as low as C$45.16. Sprott shares last traded at C$45.38, with a volume of 101,961 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price objective on shares of Sprott from C$53.00 to C$55.00 and gave the stock a “hold” rating in a research note on Monday, May 8th.

Sprott Stock Performance

The company has a current ratio of 2.76, a quick ratio of 2.89 and a debt-to-equity ratio of 18.77. The stock’s 50 day moving average price is C$48.24 and its two-hundred day moving average price is C$48.99. The firm has a market capitalization of C$1.14 billion, a PE ratio of 47.77, a PEG ratio of -3.34 and a beta of 1.29.

Sprott (TSE:SII – Get Rating) last released its earnings results on Friday, February 24th. The company reported C$0.39 EPS for the quarter. The firm had revenue of C$42.07 million during the quarter. Sprott had a net margin of 13.11% and a return on equity of 6.36%. On average, equities analysts expect that Sprott Inc. will post 2.2085354 earnings per share for the current year.

Sprott Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Monday, May 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, May 12th. This represents a $1.00 annualized dividend and a yield of 2.20%. Sprott’s payout ratio is currently 142.11%.

About Sprott

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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.