Sprott (TSE:SII) Stock Passes Above 200-Day Moving Average of $56.31

Sprott Inc. (TSE:SII) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$56.31 and traded as high as C$56.68. Sprott shares last traded at C$55.28, with a volume of 18,973 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities reduced their price objective on Sprott from C$68.00 to C$65.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

Sprott Stock Up 1.2 %

The stock has a market cap of C$1.48 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of -3.34 and a beta of 1.45. The business has a fifty day moving average of C$57.45 and a 200 day moving average of C$56.32. The company has a debt-to-equity ratio of 9.19, a current ratio of 3.02 and a quick ratio of 2.89.

Sprott (TSE:SII) last posted its earnings results on Wednesday, August 7th. The company reported C$0.70 EPS for the quarter. The company had revenue of C$65.66 million during the quarter. Sprott had a net margin of 22.68% and a return on equity of 12.85%. On average, equities analysts predict that Sprott Inc. will post 2.9489456 earnings per share for the current year.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.72%. Sprott’s dividend payout ratio (DPR) is currently 62.50%.

About Sprott

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.