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

Sprott Inc. (TSE:SII) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$57.75 and traded as high as C$61.29. Sprott shares last traded at C$60.32, with a volume of 13,365 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities cut their target price on Sprott from C$68.00 to C$65.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.

Sprott Stock Down 1.4 %

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 capitalization of C$1.53 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The firm’s 50-day simple moving average is C$56.96 and its 200 day simple moving average is C$57.75.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.70 EPS for the quarter. Sprott had a net margin of 22.68% and a return on equity of 12.85%. The firm had revenue of C$65.66 million for the quarter. As a group, equities research analysts forecast that Sprott Inc. will post 2.9521696 earnings per share for the current year.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, August 19th. Sprott’s payout ratio is currently 62.79%.

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.