Sprott (TSE:SII) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Sprott Inc. (TSE:SII) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$59.60 and traded as low as C$57.10. Sprott shares last traded at C$57.11, with a volume of 22,524 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities decreased their target price on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Sprott Stock Down 3.7 %

The company has a market capitalization of C$1.45 billion, a PE ratio of 26.08, a P/E/G ratio of -3.34 and a beta of 1.45. The company has a current ratio of 3.02, a quick ratio of 2.89 and a debt-to-equity ratio of 9.19. The firm has a 50 day simple moving average of C$61.08 and a two-hundred day simple moving average of C$59.60.

Sprott Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, December 3rd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.10%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 18th. Sprott’s dividend payout ratio (DPR) is 61.64%.

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.