Sprott (TSE:SII) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Sprott Inc. (TSE:SII)’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$179.37 and traded as low as C$176.09. Sprott shares last traded at C$176.64, with a volume of 32,969 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SII shares. Canaccord Genuity Group reduced their target price on Sprott from C$230.00 to C$183.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. TD boosted their price target on Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. BMO Capital Markets reduced their price objective on Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada decreased their target price on Sprott from C$230.00 to C$204.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$187.40.

Sprott Price Performance

The firm’s fifty day moving average price is C$161.33 and its 200-day moving average price is C$179.48. The company has a market capitalization of C$4.64 billion, a price-to-earnings ratio of 44.13, a P/E/G ratio of -3.34 and a beta of 1.57.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.89 earnings per share for the quarter. The company had revenue of C$113.98 million for the quarter. Sprott had a return on equity of 28.39% and a net margin of 26.68%. On average, research analysts predict that Sprott Inc. will post 3.2178828 earnings per share for the current year.

Sprott Dividend Announcement

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