Sprott (TSE:SII) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Sprott Inc. (TSE:SII)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$78.44 and traded as high as C$90.55. Sprott shares last traded at C$90.49, with a volume of 63,239 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SII shares. BMO Capital Markets raised their target price on shares of Sprott from C$80.00 to C$94.00 in a research note on Thursday, June 26th. TD Securities lowered shares of Sprott from a “buy” rating to a “hold” rating and raised their target price for the company from C$84.00 to C$100.00 in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$88.33.

Sprott Stock Up 1.2%

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 company has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 46.64, a price-to-earnings-growth ratio of -3.34 and a beta of 1.09. The firm’s 50-day simple moving average is C$93.59 and its 200-day simple moving average is C$78.56.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, September 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 18th. Sprott’s dividend payout ratio (DPR) is currently 59.28%.

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.