Sprott (TSE:SII) Share Price Crosses Above 200 Day Moving Average of $46.02

Shares of Sprott Inc. (TSE:SII) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$46.02 and traded as high as C$55.25. Sprott shares last traded at C$54.92, with a volume of 18,065 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank of Canada raised their price objective on Sprott from C$51.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 22nd. TD Securities dropped their price target on Sprott from C$58.00 to C$57.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd.

Sprott Price Performance

The company has a debt-to-equity ratio of 7.96, a current ratio of 2.10 and a quick ratio of 2.89. The company’s 50-day moving average price is C$50.75 and its 200-day moving average price is C$46.02. The company has a market cap of C$1.42 billion, a P/E ratio of 25.08, a P/E/G ratio of -3.34 and a beta of 1.43.

Sprott (TSE:SII) last released its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$49.93 million during the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%. As a group, sell-side analysts predict that Sprott Inc. will post 2.9233596 earnings per share for the current fiscal year.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were paid a $0.336 dividend. This is a boost from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.34 annualized dividend and a yield of 2.45%. Sprott’s payout ratio is presently 61.64%.

About Sprott

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.