Sprott (TSE:SII) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Sprott Inc. (TSE:SII)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$170.22 and traded as high as C$186.17. Sprott shares last traded at C$184.43, with a volume of 50,791 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on SII shares. BMO Capital Markets boosted their price target on Sprott from C$192.00 to C$210.00 in a report on Monday, April 13th. TD boosted their price target on Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Canaccord Genuity Group boosted their price target on Sprott from C$200.00 to C$230.00 and gave the company a “buy” rating in a report on Thursday, May 7th. TD Securities boosted their price target on Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada boosted their price target on Sprott from C$218.00 to C$230.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$211.00.

Sprott Trading Down 3.4%

The stock has a 50 day simple moving average of C$187.75 and a 200 day simple moving average of C$170.99. The stock has a market cap of C$4.60 billion, a P/E ratio of 54.34, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56.

Sprott (TSE:SII) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.57 EPS for the quarter. Sprott had a return on equity of 23.54% and a net margin of 22.40%.The firm had revenue of C$198.75 million for the quarter. Equities analysts anticipate that Sprott Inc. will post 3.2178828 earnings per share for the current year.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, May 19th. Sprott’s payout ratio is currently 42.68%.

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.