Sprott (TSE:SII) Stock Price Crosses Above Two Hundred Day Moving Average of $49.12

Sprott Inc. (TSE:SII)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$49.12 and traded as high as C$62.92. Sprott shares last traded at C$62.31, with a volume of 36,131 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SII. Royal Bank of Canada lifted their price objective on shares of Sprott from C$59.00 to C$61.00 in a research report on Friday, May 10th. TD Securities raised shares of Sprott from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$58.00 to C$66.00 in a research report on Thursday, May 9th.

Sprott Stock Performance

The stock has a market cap of C$1.58 billion, a PE ratio of 26.18, a P/E/G ratio of -3.34 and a beta of 1.40. The company has a current ratio of 2.27, a quick ratio of 2.89 and a debt-to-equity ratio of 7.51. The business’s 50-day moving average price is C$54.68 and its 200-day moving average price is C$49.12.

Sprott (TSE:SII) last released its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share for the quarter. The company had revenue of C$49.93 million for the quarter. Sprott had a net margin of 26.79% and a return on equity of 14.92%. As a group, equities research analysts expect that Sprott Inc. will post 2.7577749 earnings per share for the current fiscal year.

Sprott Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 17th. Sprott’s dividend payout ratio is presently 57.56%.

Sprott Company Profile

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.