Sprott (TSE:SII) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Sprott Inc. (TSE:SII) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$165.32 and traded as high as C$196.71. Sprott shares last traded at C$187.01, with a volume of 68,870 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SII. Royal Bank Of Canada upped their target price on shares of Sprott from C$218.00 to C$230.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. TD Securities upped their target price on shares of Sprott from C$176.00 to C$180.00 and gave the company a “hold” rating in a research report on Friday, February 20th. BMO Capital Markets upped their target price on shares of Sprott from C$192.00 to C$210.00 in a research report on Monday, April 13th. Canaccord Genuity Group upped their target price on shares of Sprott from C$200.00 to C$230.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, TD increased their price target on shares of Sprott from C$190.00 to C$205.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$211.00.

Sprott Stock Down 5.2%

The business has a 50-day moving average price of C$195.39 and a two-hundred day moving average price of C$165.40. The firm has a market cap of C$4.57 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56.

Sprott (TSE:SII) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.57 earnings per share for the quarter. Sprott had a return on equity of 24.78% and a net margin of 22.41%.The business had revenue of C$198.75 million for the quarter. On average, equities research analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Sprott’s dividend payout ratio is currently 42.68%.

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.