Sprott (TSE:SII) Shares Cross Above 50 Day Moving Average - Here's Why

Shares of Sprott Inc. (TSE:SII - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$80.77 and traded as high as C$94.16. Sprott shares last traded at C$94.13, with a volume of 67,504 shares.

Wall Street Analyst Weigh In

SII has been the topic of several research reports. BMO Capital Markets increased their target price on Sprott from C$80.00 to C$94.00 in a research report on Thursday, June 26th. TD Securities upped their price target on Sprott from C$79.00 to C$84.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th.

Sprott Price Performance

The stock has a market cap of C$1.68 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. The company's fifty day moving average is C$80.77 and its 200 day moving average is C$68.63.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 annualized dividend and a yield of 1.27%. Sprott's dividend payout ratio is currently 52.61%.

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.

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