Sprott (TSE:SII) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Sprott Inc. (TSE:SII) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$174.79 and traded as high as C$184.34. Sprott shares last traded at C$172.78, with a volume of 70,683 shares traded.

Wall Street Analyst Weigh In

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

Sprott Price Performance

The company’s 50 day simple moving average is C$182.24 and its 200 day simple moving average is C$174.73. The stock has a market cap of C$4.27 billion, a P/E ratio of 50.54, a P/E/G ratio of -3.34 and a beta of 1.47.

Sprott (TSE:SII) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 earnings per share for the quarter. Sprott had a net margin of 22.40% and a return on equity of 23.54%. The company 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 year.

Sprott Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 1.0%. Sprott’s payout ratio is currently 42.68%.

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.