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

Sprott Inc. (TSE:SII)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$59.89 and traded as high as C$63.11. Sprott shares last traded at C$60.83, with a volume of 21,511 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SII shares. TD Securities decreased their target price on Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group set a C$67.00 target price on Sprott and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Sprott Price Performance

The stock has a market capitalization of C$1.09 billion, a PE ratio of 23.71, a PEG ratio of -3.34 and a beta of 1.45. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The company has a 50-day moving average of C$61.47 and a 200 day moving average of C$59.89.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.30 per share. The ex-dividend date was Monday, November 18th. This is a boost from Sprott’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.97%. Sprott’s dividend payout ratio is currently 52.61%.

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.