Sprott (TSE:SII) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Sprott Inc. (TSE:SII) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$61.47 and traded as high as C$66.26. Sprott shares last traded at C$65.78, with a volume of 80,069 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Canaccord Genuity Group boosted their target price on Sprott from C$67.00 to C$71.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets upped their price objective on shares of Sprott from C$75.00 to C$76.00 in a report on Friday, April 4th. Finally, TD Securities increased their price objective on shares of Sprott from C$70.00 to C$71.00 and gave the company a “buy” rating in a research report on Friday, February 28th.

Sprott Stock Performance

The stock has a 50 day moving average price of C$61.84 and a two-hundred day moving average price of C$61.47. The company has a market cap of C$1.18 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65.

Sprott (TSE:SII) last posted its quarterly earnings data on Wednesday, February 26th. The company reported C$0.46 earnings per share for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. On average, research analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Monday, March 10th. Sprott’s dividend payout ratio is currently 52.61%.

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.