Sprott (TSE:SII) Shares Pass Below 200-Day Moving Average of $56.01

Sprott Inc. (TSE:SII)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$56.01 and traded as low as C$54.71. Sprott shares last traded at C$54.99, with a volume of 21,346 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TD Securities lowered their price objective on shares of Sprott from C$68.00 to C$65.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada increased their price objective on shares of Sprott from C$59.00 to C$61.00 in a research report on Friday, May 10th.

Sprott Price Performance

The company has a debt-to-equity ratio of 9.19, a quick ratio of 2.89 and a current ratio of 3.02. The company has a market cap of C$1.40 billion, a PE ratio of 25.70, a PEG ratio of -3.34 and a beta of 1.45. The company’s 50-day simple moving average is C$58.29 and its 200 day simple moving average is C$56.01.

Sprott (TSE:SII) last released its earnings results on Wednesday, August 7th. The company reported C$0.70 EPS for the quarter. The firm had revenue of C$65.66 million during the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. On average, sell-side analysts predict that Sprott Inc. will post 3.1331077 earnings per share for the current fiscal year.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be issued a $0.25 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.82%. Sprott’s dividend payout ratio (DPR) is 63.55%.

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.