Sprott (TSE:SII) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Sprott shares fell below their 200-day moving average, trading as low as C$144.85 and last changing hands at C$149.10, compared with a 200-day average of C$171.52.
• Analysts remain generally optimistic, with four Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of C$190.67.
• Sprott reported C$1.89 in quarterly EPS on C$113.98 million in revenue and pays a quarterly dividend of $0.40 per share, equivalent to a 1.1% yield.

Sprott Inc. (TSE:SII - Get Free Report) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$171.52 and traded as low as C$144.85. Sprott shares last traded at C$149.10, with a volume of 50,737 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SII shares. BMO Capital Markets dropped their target price on Sprott from C$210.00 to C$195.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. RBC Dominion Securities upped their price target on Sprott from C$204.00 to C$207.00 and gave the stock an "outperform" rating in a report on Thursday, October 15th. TD increased their price objective on shares of Sprott from C$170.00 to C$175.00 and gave the company a "hold" rating in a research report on Thursday, August 6th. Royal Bank Of Canada lowered 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 report on Monday, July 13th. Finally, Canaccord Genuity Group dropped their price objective on shares of Sprott from C$230.00 to C$183.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$190.67.

Sprott Stock Performance

The firm has a fifty day simple moving average of C$171.93 and a 200-day simple moving average of C$171.52. The company has a market capitalization of C$3.84 billion, a PE ratio of 36.54, a P/E/G ratio of -3.34 and a beta of 1.72.

Sprott (TSE:SII - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$1.89 EPS for the quarter. The company had revenue of C$113.98 million during the quarter. Sprott had a return on equity of 28.39% and a net margin of 26.68%. As a group, research analysts anticipate that Sprott Inc. will post 3.22 EPS for the current fiscal year.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders 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 dividend yield of 1.1%. 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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