Sprott (TSE:SII) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Sprott Inc. (TSE:SII) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$174.56 and traded as low as C$162.31. Sprott shares last traded at C$165.40, with a volume of 37,138 shares traded.

Wall Street Analysts Forecast Growth

SII has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on shares of Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a report on Monday, July 13th. TD lifted 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. Canaccord Genuity Group cut their price objective on 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, BMO Capital Markets decreased their target price on Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research note 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$187.40.

Sprott Trading Down 3.5%

The stock has a fifty day moving average price of C$171.56 and a 200-day moving average price of C$174.35. The firm has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 40.20, a PEG ratio of -3.34 and a beta of 1.72.

Sprott (TSE:SII) last posted its earnings results on Wednesday, August 5th. The company reported C$1.89 EPS for the quarter. Sprott had a return on equity of 28.39% and a net margin of 26.68%.The business had revenue of C$113.98 million during the quarter. On average, equities analysts expect that Sprott Inc. will post 3.2178828 EPS for the current year.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.60 dividend on an annualized basis and a dividend 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).