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

Shares of Sprott Inc. (TSE:SII) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on SII shares. TD Securities decreased their price objective on shares of 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 price objective on shares of Sprott and gave the company a “buy” rating in a research report on Thursday, January 30th.

Sprott Stock Down 2.4 %

The firm has a market cap of C$1.09 billion, a P/E ratio of 23.71, a P/E/G ratio of -3.34 and a beta of 1.45. The company has a debt-to-equity ratio of 5.65, a quick ratio of 2.89 and a current ratio of 3.30. The firm’s fifty day moving average is C$61.47 and its 200 day moving average is C$59.89.

Sprott Increases Dividend

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