Sprott (TSE:SII) Stock Breaks Below 200 Day Moving Average – What’s Next?

Shares of Sprott Inc. (TSE:SII) passed 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 Analyst Weigh In

SII has been the subject of a number of research analyst reports. RBC Dominion Securities increased their price target on Sprott from C$204.00 to C$207.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Royal Bank Of Canada cut their price objective 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 cut their price objective on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Canaccord Genuity Group decreased their price objective on shares of 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, TD lifted their target price on shares of Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$190.67.

Sprott Trading Down 1.2%

The firm has a 50-day moving average of C$171.64 and a 200-day moving average of C$171.35. The stock has a market capitalization of C$3.80 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of -3.34 and a beta of 1.72.

Sprott (TSE:SII) last issued its quarterly 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%. On average, equities research analysts anticipate that Sprott Inc. will post 3.22 EPS for the current year.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, August 17th. Sprott’s dividend payout ratio is 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).