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Sprott Stock Glitters Like Gold

Jim Van Meerten

3 min read

In This Article:

Chunk of gold in a gloved hand by RHJPhotoandilust___ via Shutterstock

Chunk of gold in a gloved hand by RHJPhotoandilust___ via Shutterstock
  • Sprott (SII) shows strong technical momentum and just hit a new 52-week high.

  • SII has a  100% technical “Buy” signal via Barchart.

  • The alternative asset manager also pays a dividend, which could make its shares more attractive.

  • Despite bullish technicals and analyst ratings, SII is volatile and speculative.

Valued at $1.66 billion, Sprott (SII) is an alternative asset manager as well as precious metal investor. It provides investors with specialized investment strategies which include exchange-listed products, managed equities, and private equity. It operates through its subsidiaries in Canada, the U.S., and Asia.

I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. SII checks those boxes. Since the Trend Seeker signaled a buy on April 14, the stock has gained 33.97%.

SII Price vs. Daily Moving Averages:

www.barchart.com

www.barchart.com

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

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Sprott shares hit a new 52-week high on Tuesday, June 17, touching $65.30 in intraday trading.

  • Sprott has a 100% technical “Buy” signal.

  • The stock closed Tuesday at $64.32, above its 50-day moving average of $54.91.

  • SII has a Weighted Alpha of +66.86.

  • The stock has gained 57% over the past year.

  • SII has its Trend Seeker “Buy” signal intact.

  • Sprott is trading above its 20, 50 and 100-day moving averages.

  • The stock has made 15 new highs and gained 15.8% in the last month.

  • Relative Strength Index is at 78.82%.

  • The technical support level is $63.95.

  • $1.66 billion market capitalization.

  • Trailing price-earnings ratio of 32.92x.

  • 1.87% dividend yield.

  • Earnings are projected to increase 13.08% this year and an additional 12.26% next year.