Sprott (TSE:SII) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Sprott Inc. (TSE:SII) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SII. BMO Capital Markets lowered their target price on shares of Sprott from C$210.00 to C$195.00 and set an “outperform” rating on the stock in a research note on Wednesday. TD upped their price objective on shares of Sprott from C$190.00 to C$205.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Royal Bank Of Canada lowered their target price on 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, Canaccord Genuity Group increased their price target on Sprott from C$200.00 to C$230.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$202.80.

Sprott Price Performance

The stock has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 46.60, a PEG ratio of -3.34 and a beta of 1.58. The business has a fifty day moving average of C$167.12 and a 200 day moving average of C$178.84.

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

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, May 19th. Sprott’s payout ratio is 42.68%.

Sprott Company Profile

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.