Sprott (TSE:SII) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Sprott shares fell below their 200-day moving average, trading as low as C$174.72 versus the C$176.74 average, which may signal weakening technical momentum.
• Analysts have lowered several price targets, but sentiment remains positive overall: three analysts rate Sprott a Buy and two a Hold, producing a “Moderate Buy” consensus and an average target of C$187.40.
• Sprott reported C$1.89 in quarterly EPS on C$113.98 million in revenue, alongside a 26.68% net margin and 28.39% return on equity. The company also paid a quarterly dividend of C$0.40, equivalent to a 0.9% annual yield.

Sprott Inc. (TSE:SII - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$176.74 and traded as low as C$174.72. Sprott shares last traded at C$175.45, with a volume of 23,167 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SII. Royal Bank Of Canada lowered their target price on shares of Sprott from C$230.00 to C$204.00 and set an "outperform" rating on the stock in a report on Monday, July 13th. BMO Capital Markets reduced their price target 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. Canaccord Genuity Group reduced their price target on Sprott from C$230.00 to C$183.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, TD raised their price objective on Sprott from C$170.00 to C$175.00 and gave the stock a "hold" rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Sprott currently has an average rating of "Moderate Buy" and an average target price of C$187.40.

Sprott Price Performance

The company's 50-day moving average is C$168.95 and its two-hundred day moving average is C$176.74. The firm has a market cap of C$4.51 billion, a P/E ratio of 43.00, a PEG ratio of -3.34 and a beta of 1.76.

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 firm 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%. On average, analysts expect that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 17th. Sprott's dividend payout ratio (DPR) is 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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