Sprott (TSE:SII) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Sprott Inc. (TSE:SII) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$125.07 and traded as high as C$171.24. Sprott shares last traded at C$169.85, with a volume of 43,013 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on SII. TD Securities boosted their target price on shares of Sprott from C$130.00 to C$176.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. BMO Capital Markets boosted their price objective on Sprott from C$109.00 to C$123.00 in a report on Thursday, November 6th. Finally, Royal Bank Of Canada increased their target price on Sprott from C$132.00 to C$186.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$139.00.

Sprott Trading Up 2.6%

The firm has a market cap of C$4.38 billion, a P/E ratio of 86.66, a P/E/G ratio of -3.34 and a beta of 1.36. The business’s 50-day moving average is C$153.93 and its two-hundred day moving average is C$125.07. The company has a current ratio of 3.30, a quick ratio of 2.89 and a debt-to-equity ratio of 5.65.

Sprott Company Profile

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.