Sprott (TSE:SII) Shares Pass Below 200-Day Moving Average – Here’s Why

Sprott Inc. (TSE:SII)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$178.23 and traded as low as C$174.73. Sprott shares last traded at C$175.38, with a volume of 26,817 shares traded.

Analyst Ratings Changes

Several analysts recently commented on SII shares. Royal Bank Of Canada reduced 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 research note on Monday, July 13th. TD upped their target price 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 dropped their target price on shares of Sprott from C$230.00 to C$183.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, BMO Capital Markets reduced their price target on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Sprott has a consensus rating of “Moderate Buy” and a consensus target price of C$187.40.

Sprott Stock Performance

The company’s fifty day simple moving average is C$165.90 and its two-hundred day simple moving average is C$178.23. The stock has a market capitalization of C$4.60 billion, a PE ratio of 43.82, a P/E/G ratio of -3.34 and a beta of 1.76.

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

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 17th. Sprott’s payout ratio is currently 36.76%.

Sprott Company Profile

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).