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

Key Points

• Sprott Inc.'s share price surged to C$90.49, surpassing its 200-day moving average of C$78.44 during recent trading.
• Analyst ratings for Sprott include one "Strong Buy", one "Buy", and one "Hold", with an average target price raised to C$88.33.
• The company declared a quarterly dividend of $0.30, which is set to be paid on September 2nd, representing an annual yield of 1.3%.

Sprott Inc. (TSE:SII - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 Analyst Weigh In

Several research firms have recently issued reports on SII. BMO Capital Markets raised their target price on shares of Sprott from C$80.00 to C$94.00 in a report on Thursday, June 26th. TD Securities lowered shares of Sprott from a "buy" rating to a "hold" rating and upped their price objective for the stock from C$84.00 to C$100.00 in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$88.33.

Sprott Stock Performance

The firm's 50 day moving average price is C$93.69 and its two-hundred day moving average price is C$79.07. 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 has a market cap of C$2.36 billion, a PE ratio of 47.24, a PEG ratio of -3.34 and a beta of 1.09.

Sprott Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 annualized dividend and a yield of 1.3%. Sprott's dividend payout ratio (DPR) is 59.28%.

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.