Welcome to our dedicated page for Sprott news (Ticker: SII), a resource for investors and traders seeking the latest updates and insights on Sprott stock.
Sprott Inc. (TSX: SII) is a leading global asset manager offering investors access to a wide range of highly-differentiated precious metals and real assets investment strategies. Based in Toronto, with offices in Connecticut, Carlsbad, and Vancouver, Sprott specializes in providing investment solutions that set it apart from generalist asset managers, thanks to its deep industry knowledge, extensive experience, and robust relationships.
Core Business:
Sprott's comprehensive portfolio includes innovative physical bullion trusts, mining ETFs, and private equity and debt strategies. The company also engages in merchant banking and resource lending activities, partnering with natural resource companies to meet their capital needs. This diverse product offering ensures that both institutional and individual investors can find suitable investment options tailored to their specific goals.
Segments:
- Exchange Listed Products: This segment includes management services for Sprott’s closed-end physical trusts and exchange-traded funds (ETFs), both traded on public securities exchanges.
- Managed Equities: Sprott provides asset management and sub-advisory services to its branded funds, fixed-term limited partnerships (LPs), and managed accounts.
- Private Strategies: Through limited partnership vehicles, this segment focuses on lending and streaming activities.
- Corporate: This segment supports the company's subsidiaries through capital provision, balance sheet management, and enterprise shared services.
Recent Achievements and Projects:
Sprott continues to innovate in the field of precious metals and real assets investing. The company’s ability to adapt and grow in a rapidly changing market is evidenced by its robust financial performance and strategic partnerships. Sprott has successfully launched new investment products and expanded its market presence, ensuring steady growth and value creation for shareholders.
Financial Condition:
Sprott’s strong balance sheet and disciplined financial management practices underpin its operations. The company's strategic investments and prudent risk management have led to sustained profitability and operational stability.
Partnerships:
Sprott’s collaborations with natural resource companies are pivotal to its business model. These partnerships not only facilitate capital provision but also enable Sprott to leverage its expertise in resource lending and merchant banking, thereby enhancing its market position and offering superior investment opportunities to its clients.
Overall, Sprott Inc. stands out as a specialized asset manager with a clear focus on precious metals and real assets, making it a valuable choice for investors seeking unique investment strategies and reliable financial performance.
Sprott Inc. (NYSE/TSX: SII) reported strong Q3 2024 financial results with Assets Under Management (AUM) reaching $33.4 billion, up 8% from June 30, 2024, and 16% from December 31, 2023. The company achieved record-high AUM for the third consecutive quarter, driven by strong gold and silver prices and $589 million in net sales. Net income increased 87% to $12.7 million ($0.50 per share), while management fees rose 18% to $38.7 million. The Board declared a quarterly dividend of $0.30 per share, representing a 20% increase. The company expects to become debt-free by month-end and maintains a positive outlook based on its positioning in precious metals and critical materials.
Sprott (NYSE/TSX: SII) has announced a 20% increase in its quarterly dividend, declaring a third quarter 2024 dividend of US$0.30 per common share. The dividend will be paid on December 3, 2024, to shareholders of record as of November 18, 2024. Canadian registered shareholders will receive payments in Canadian dollars, while international shareholders will receive US dollars. The dividend is designated as eligible for Canadian income tax purposes. Shareholders have options to elect their preferred currency for dividend payments through their respective depositories.
Sprott Inc. (NYSE/TSX:SII) has announced it will release its third quarter 2024 financial results on November 6, 2024, at 7:00 a.m. The company will host an earnings webcast at 10:00 a.m. ET on the same day. The webcast will feature CEO Whitney George, CFO Kevin Hibbert, and Sprott Asset Management CEO John Ciampaglia. Research analysts covering Sprott can pre-register for the event through a dedicated registration link.
Sprott Inc. (NYSE/TSX: SII) announced its Q2 2024 financial results, reporting a rise in Assets Under Management (AUM) to $31.1 billion, a 6% increase from Q1 2024. The company achieved positive net sales with $357 million in net inflows, along with $110 million from the IPO of the Sprott Physical Copper Trust (COP).
Key financial highlights include:
- Management fees: $38.1 million, up 16% YoY
- AUM: $31.1 billion, up 6% QoQ and 8% YoY
- Net income: $13.4 million ($0.53 per share), down 25% YoY
- Adjusted base EBITDA: $22.4 million, up 25% YoY
The decrease in net income was attributed to the absence of a non-recurring $18.6 million asset realized last year. Higher management fees and market value appreciation contributed to the earnings.
Sprott Inc. (NYSE/TSX: SII) has announced a second quarter 2024 dividend of US$0.25 per common share, payable on September 3, 2024, to shareholders of record as of August 19, 2024. The dividend will be paid in Canadian dollars for registered Canadian shareholders and beneficial holders through CDS, while others will receive it in U.S. dollars. The exchange rate for Canadian dollar payments will be based on the spot price on September 3, 2024. Shareholders can elect to change their dividend currency by contacting their broker or making arrangements with CDS before August 19, 2024. This dividend is designated as an eligible dividend for Canadian income tax purposes.
Sprott Inc. (NYSE:SII) (TSX:SII) has announced the date for its 2024 second quarter results webcast. The company plans to release its Q2 results on August 7, 2024, at 7:00 a.m. This will be followed by an earnings webcast at 10:00 a.m. ET on the same day. The webcast will be hosted by Sprott CEO Whitney George, CFO Kevin Hibbert, and Sprott Asset Management CEO John Ciampaglia. Interested parties can access the webcast through the provided audio link. Research analysts covering Sprott are advised to register separately using a specific registration link.
Sprott Inc. announced the successful results of its Annual Meeting of shareholders where all resolutions were approved. The seven director nominees were elected, and KPMG LLP was re-appointed as auditor. Detailed voting results can be found on Sprott's profile on SEDAR+.
Sprott Inc. (NYSE/TSX: SII) reported financial results for Q1 2024, with AUM reaching $29.4 billion by March 31, 2024, driven by strong gold and silver prices but offset by weakness in uranium. Revenue increased by 17% to $36.4 million, while net income grew by 51% to $11.6 million. The company introduced new ETFs and expects a volatile 2024 due to geopolitical conflicts and inflation.
Sprott Inc. declared a first quarter 2024 dividend of US$0.25 per common share, payable on June 5, 2024. Shareholders of record at the close of business on May 21, 2024, will receive the dividend in either Canadian or U.S. dollars based on their residency and holding method. The dividend is designated as an eligible dividend for Canadian income tax purposes.
Sprott Inc. announced the date for its first quarter results webcast, scheduled for May 8, 2024. The webcast will be hosted by Sprott's CEO, CFO, and Asset Management CEO. Research analysts covering the company should pre-register for the event.
FAQ
What is the current stock price of Sprott (SII)?
What is the market cap of Sprott (SII)?
What does Sprott Inc. specialize in?
Where is Sprott Inc. headquartered?
What are the main segments of Sprott Inc.?
What type of investment products does Sprott offer?
How does Sprott support natural resource companies?
On which stock exchange are Sprott’s shares listed?
What recent achievements has Sprott Inc. accomplished?
How does Sprott ensure strong financial performance?
What makes Sprott’s investment strategies unique?
What services are included in Sprott's Corporate segment?
