Sprott (TSE:SII) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Sprott shares fell below their 200-day moving average, reaching C$174.73 before closing at C$175.38, compared with the average of C$178.23.
• Analyst views remain generally positive but targets have been reduced: three analysts rate Sprott a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and a C$187.40 target price.
• Sprott reported quarterly EPS of C$1.89 on C$113.98 million in revenue and maintains a quarterly dividend of C$0.40, equivalent to a 0.9% yield and a 36.76% payout ratio.

Sprott Inc. (TSE:SII - Get Free Report) 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 Upgrades and Downgrades

A number of research firms recently weighed in on SII. BMO Capital Markets lowered 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 report on Wednesday, July 22nd. TD boosted their price objective on shares of Sprott from C$170.00 to C$175.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. Canaccord Genuity Group decreased their price objective on shares of Sprott from C$230.00 to C$183.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada lowered their target price on 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. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$187.40.

Sprott Stock Performance

The company has a market capitalization of C$4.51 billion, a PE ratio of 42.99, a PEG ratio of -3.34 and a beta of 1.76. The company has a 50 day moving average price of C$165.38 and a 200 day moving average price of C$178.23.

Sprott (TSE:SII - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts forecast that Sprott Inc. will post 3.2178828 earnings per share for the current fiscal year.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Sprott's payout ratio 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).

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