Sprott (TSE:SII) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Sprott Inc. (TSE:SII)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$59.60 and traded as low as C$57.10. Sprott shares last traded at C$57.11, with a volume of 22,524 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities reduced their price target on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research report on Thursday, November 7th.

Sprott Stock Up 1.9 %

The company has a current ratio of 3.02, a quick ratio of 2.89 and a debt-to-equity ratio of 9.19. The firm has a market cap of C$1.51 billion, a PE ratio of 27.19, a PEG ratio of -3.34 and a beta of 1.45. The company’s 50 day moving average price is C$60.92 and its two-hundred day moving average price is C$59.63.

Sprott Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Sprott’s previous quarterly dividend of $0.25. Sprott’s payout ratio is currently 61.64%.

About Sprott

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.