Sprott (TSE:SII) Shares Break Below 200 Day Moving Average – Time to Sell?

Shares of Sprott Inc. (TSE:SII – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$173.52 and traded as low as C$162.89. Sprott shares last traded at C$163.98, with a volume of 63,289 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on SII. Canaccord Genuity Group cut their price objective 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 target price on Sprott from C$170.00 to C$175.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Royal Bank Of Canada decreased their target price on Sprott from C$230.00 to C$204.00 and set an “outperform” rating for the company in a report on Monday, July 13th. BMO Capital Markets dropped their target price on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, RBC Dominion Securities raised their price target on shares of Sprott from C$204.00 to C$207.00 and gave the company an “outperform” rating in a report on Thursday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Sprott presently has an average rating of “Moderate Buy” and a consensus target price of C$190.67.

Check Out Our Latest Research Report on SII

Sprott Stock Performance

The company’s fifty day moving average is C$173.36 and its two-hundred day moving average is C$173.13. The firm has a market cap of C$4.12 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of -3.34 and a beta of 1.72.

Sprott (TSE:SII – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.89 earnings per share (EPS) for the quarter. The firm 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, analysts forecast that Sprott Inc. will post 3.22 earnings per share for the current fiscal year.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were paid a $0.40 dividend. The ex-dividend date 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 36.76%.

About Sprott

(Get Free Report)

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).

Recommended Stories

Receive News & Ratings for Sprott Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott and related companies with MarketBeat.com's FREE daily email newsletter.