Sprott (TSE:SII) Share Price Passes Below 200 Day Moving Average – Here’s Why

Sprott Inc. (TSE:SII) shares 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 trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities lowered their price objective on 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 Price Performance

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

Sprott Increases Dividend

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