Sprott (TSE:SII) Shares Pass Above 200-Day Moving Average of $49.12

Posted by Adam Dyson on May 25th, 2024

Sprott Inc. (TSE:SII – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$49.12 and traded as high as C$62.92. Sprott shares last traded at C$62.31, with a volume of 36,131 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SII shares. Royal Bank of Canada increased their price objective on shares of Sprott from C$59.00 to C$61.00 in a research report on Friday, May 10th. TD Securities upgraded Sprott from a “hold” rating to a “buy” rating and increased their price target for the company from C$58.00 to C$66.00 in a report on Thursday, May 9th.

Read Our Latest Analysis on Sprott

Sprott Price Performance

The company has a market cap of C$1.59 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of -3.34 and a beta of 1.40. The company’s 50-day simple moving average is C$54.96 and its 200-day simple moving average is C$49.26. The company has a debt-to-equity ratio of 7.51, a current ratio of 2.27 and a quick ratio of 2.89.

Sprott (TSE:SII – Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported C$0.52 earnings per share for the quarter. Sprott had a net margin of 26.79% and a return on equity of 14.92%. The business had revenue of C$49.93 million during the quarter. On average, equities research analysts anticipate that Sprott Inc. will post 2.7577749 EPS for the current year.

Sprott Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be given a $0.25 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.60%. Sprott’s payout ratio is currently 57.56%.

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.