Sprott (TSE:SII) Share Price Passes Above 200 Day Moving Average of $42.59

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Sprott Inc. (TSE:SII)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.59 and traded as high as C$50.38. Sprott shares last traded at C$49.71, with a volume of 33,333 shares traded.

A number of research firms have recently commented on SII. Royal Bank of Canada boosted their price target on Sprott from C$43.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Monday, March 1st. TD Securities boosted their price target on Sprott from C$43.00 to C$48.00 and gave the stock a “hold” rating in a report on Monday, March 1st.

The business has a fifty day simple moving average of C$50.50 and a 200-day simple moving average of C$42.59. The company has a debt-to-equity ratio of 8.32, a quick ratio of 1.61 and a current ratio of 1.81. The firm has a market cap of C$1.24 billion and a price-to-earnings ratio of 37.69.

Sprott (TSE:SII) last issued its earnings results on Friday, February 26th. The company reported C$0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.38 by C($0.04). The business had revenue of C$38.67 million during the quarter. On average, equities analysts anticipate that Sprott Inc. will post 1.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 23rd. Shareholders of record on Tuesday, March 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 5th. This represents a $1.00 dividend on an annualized basis and a yield of 2.01%. Sprott’s payout ratio is presently 69.77%.

Sprott Company Profile (TSE:SII)

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.

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