Sprott (TSE:SII) Share Price Passes Above 200-Day Moving Average – Should You Sell?
by Amy Steele · The Cerbat GemSprott Inc. (TSE:SII – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$168.31 and traded as high as C$184.51. Sprott shares last traded at C$178.16, with a volume of 46,924 shares traded.
Analyst Ratings Changes
SII has been the topic of a number of analyst reports. TD Securities raised their target price on shares of Sprott from C$176.00 to C$180.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Canaccord Genuity Group increased 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. Royal Bank Of Canada increased their price target on shares of Sprott from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research note 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. Finally, BMO Capital Markets raised their target price on shares of Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Sprott presently has a consensus rating of “Moderate Buy” and a consensus target price of C$211.00.
Get Our Latest Stock Analysis on Sprott
Sprott Stock Performance
The company has a market capitalization of C$4.59 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of -3.34 and a beta of 1.56. The company’s fifty day simple moving average is C$189.95 and its two-hundred day simple moving average is C$168.31.
Sprott (TSE:SII – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.57 EPS for the quarter. The business had revenue of C$198.75 million during the quarter. Sprott had a net margin of 22.72% and a return on equity of 24.26%. Sell-side analysts anticipate that Sprott Inc. will post 3.2178828 EPS for the current year.
Sprott Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, May 19th. Sprott’s payout ratio is presently 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.