Sprott (TSE:SII) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Sprott Inc. (TSE:SII) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$168.31 and traded as high as C$184.51. Sprott shares last traded at C$178.16, with a volume of 46,924 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on SII. TD Securities boosted their price target on shares of Sprott from C$176.00 to C$180.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada boosted their price target on shares of Sprott from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets boosted their price target on shares of Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Canaccord Genuity Group boosted their price target on shares of Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, TD boosted their price target on shares of Sprott from C$190.00 to C$205.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$211.00.

Sprott Price Performance

The firm’s 50 day simple moving average is C$189.95 and its 200-day simple moving average is C$168.31. The company has a market cap of C$4.59 billion, a price-to-earnings ratio of 54.32, a P/E/G ratio of -3.34 and a beta of 1.56.

Sprott (TSE:SII) last announced its earnings results on Wednesday, May 6th. The company reported C$1.57 EPS for the quarter. The business had revenue of C$198.75 million during the quarter. Sprott had a net margin of 22.72% and a return on equity of 24.26%. On average, analysts forecast that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Sprott’s dividend payout ratio (DPR) is 42.68%.

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.