Sprott (TSE:SII) Stock Breaks Below Two Hundred Day Moving Average - Here's Why

Key Points

• Sprott shares fell below their 200-day moving average, reaching C$162.89 before closing at C$163.98, compared with the C$173.52 long-term average.
• Analysts have lowered several price targets, but sentiment remains positive overall: Sprott has a consensus “Moderate Buy” rating and an average target of C$187.40.
• The company reported quarterly EPS of C$1.89 on C$113.98 million in revenue and maintains a quarterly dividend of C$0.40 per share, yielding about 1.0% annually.

Sprott Inc. (TSE:SII - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$173.52 and traded as low as C$162.89. Sprott shares last traded at C$163.98, with a volume of 63,289 shares traded.

Analyst Upgrades and Downgrades

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

Sprott Price Performance

The firm's 50-day moving average price is C$173.41 and its 200 day moving average price is C$173.52. The firm has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 40.19, a price-to-earnings-growth ratio of -3.34 and a beta of 1.72.

Sprott (TSE:SII - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. Sprott had a return on equity of 28.39% and a net margin of 26.68%. The firm had revenue of C$113.98 million during the quarter. On average, analysts predict that Sprott Inc. will post 3.22 earnings per share for the current fiscal year.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.60 annualized dividend and a yield of 1.0%. Sprott's dividend payout ratio (DPR) is presently 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).

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