Sprott (TSE:SII) Stock Passes Above Two Hundred Day Moving Average of $46.02

Posted by Geri Gentry on Apr 18th, 2024

Sprott Inc. (TSE:SII – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$46.02 and traded as high as C$55.25. Sprott shares last traded at C$54.92, with a volume of 18,065 shares.

Analyst Ratings Changes

SII has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on Sprott from C$51.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 22nd. TD Securities lowered their price objective on Sprott from C$58.00 to C$57.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd.

Read Our Latest Report on SII

Sprott Price Performance

The company has a current ratio of 2.10, a quick ratio of 2.89 and a debt-to-equity ratio of 7.96. The firm has a market capitalization of C$1.42 billion, a PE ratio of 25.08, a P/E/G ratio of -3.34 and a beta of 1.43. The company has a fifty day moving average price of C$50.96 and a two-hundred day moving average price of C$46.14.

Sprott (TSE:SII – Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share for the quarter. Sprott had a return on equity of 13.72% and a net margin of 24.73%. The business had revenue of C$49.93 million during the quarter. Sell-side analysts forecast that Sprott Inc. will post 2.9233596 earnings per share for the current year.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were issued a $0.336 dividend. This is an increase from Sprott’s previous quarterly dividend of $0.25. This represents a $1.34 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, March 1st. Sprott’s payout ratio is presently 61.64%.

Sprott Company Profile

(Get Free Report)

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.