Sprott (TSE:SII) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Sprott Inc. (TSE:SII) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$179.79 and traded as low as C$177.13. Sprott shares last traded at C$179.52, with a volume of 70,796 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SII shares. BMO Capital Markets reduced their price objective on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. TD boosted their price target on shares of Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Canaccord Genuity Group reduced their price target on shares of Sprott from C$230.00 to C$183.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sprott has an average rating of “Moderate Buy” and an average target price of C$187.40.

Sprott Stock Up 5.8%

The firm’s 50-day simple moving average is C$163.72 and its 200 day simple moving average is C$179.63. The stock has a market capitalization of C$4.76 billion, a P/E ratio of 45.31, a PEG ratio of -3.34 and a beta of 1.76.

Sprott (TSE:SII) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.89 earnings per share for the quarter. The company had revenue of C$113.98 million during the quarter. Sprott had a net margin of 26.68% and a return on equity of 28.39%. As a group, equities analysts anticipate that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 17th. Sprott’s dividend payout ratio (DPR) is presently 36.76%.

About Sprott

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the Company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).