Sprott (TSE:SII) Stock Crosses Below 200-Day Moving Average – Here’s Why

Sprott Inc. (TSE:SII)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$178.70 and traded as low as C$146.20. Sprott shares last traded at C$147.20, with a volume of 20,531 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SII shares. TD raised their price target on Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Canaccord Genuity Group raised their price objective on Sprott from C$200.00 to C$230.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada decreased 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. Finally, BMO Capital Markets lifted their price target on Sprott from C$192.00 to C$210.00 in a research note on Monday, April 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sprott currently has an average rating of “Moderate Buy” and an average price target of C$205.80.

Sprott Stock Performance

The company has a market capitalization of C$3.80 billion, a P/E ratio of 44.88, a price-to-earnings-growth ratio of -3.34 and a beta of 1.58. The firm’s fifty day moving average is C$168.04 and its 200-day moving average is C$178.70.

Sprott (TSE:SII) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$1.57 earnings per share (EPS) for the quarter. The business had revenue of C$198.75 million during the quarter. Sprott had a net margin of 22.40% and a return on equity of 23.54%. As a group, analysts expect that Sprott Inc. will post 3.2178828 EPS for the current fiscal year.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Sprott’s dividend payout ratio is 42.68%.

About Sprott

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company’s closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company’s branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.