Sprott (TSE:SII) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Sprott Inc. (TSE:SII)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$59.37 and traded as high as C$61.56. Sprott shares last traded at C$60.04, with a volume of 30,859 shares.

Analysts Set New Price Targets

Separately, TD Securities decreased their price target 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 Trading Down 2.3 %

The firm has a market cap of C$1.53 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The firm has a fifty day simple moving average of C$61.81 and a 200-day simple moving average of C$59.37. The company has a debt-to-equity ratio of 9.19, a current ratio of 3.02 and a quick ratio of 2.89.

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, December 3rd were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 2.00%. This is an increase from Sprott’s previous quarterly dividend of $0.25. Sprott’s dividend payout ratio (DPR) is presently 61.64%.

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.