Sprott (TSE:SII) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Sprott Inc. (TSE:SII)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$58.95 and traded as low as C$58.00. Sprott shares last traded at C$59.09, with a volume of 40,700 shares traded.

Analysts Set New Price Targets

Separately, TD Securities lowered their target price on Sprott from C$74.00 to C$73.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Sprott Price Performance

The stock has a market cap of C$1.50 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of -3.34 and a beta of 1.45. The company has a quick ratio of 2.89, a current ratio of 3.02 and a debt-to-equity ratio of 9.19. The business’s 50-day simple moving average is C$59.93 and its two-hundred day simple moving average is C$58.95.

Sprott Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, December 3rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.03%. This is a positive change from Sprott’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 18th. Sprott’s payout ratio is currently 61.64%.

Sprott Company Profile

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.