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Sprott Inc. - SII STOCK NEWS

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.

Rhea-AI Summary
Sprott Asset Management USA announces reduced unitary fee for Sprott Uranium Miners ETF, passing cost savings to shareholders. Sprott Inc. reveals a shift from tiered billing to a 75 basis points fee structure effective 4/1/2024. URNM, a U.S.-listed uranium ETF, focuses on miners and physical uranium, with 80% assets in North Shore Global Uranium Mining Index securities. Sprott manages $28.7 billion in assets, with $8 billion in uranium investments across seven critical materials ETFs.
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Sprott Asset Management LP launches the Sprott Copper Miners ETF (COPP) on Nasdaq, offering pure-play exposure to large, mid- and small-cap copper miners for the energy transition. The ETF tracks the Nasdaq Sprott Copper Miners™ Index and joins Sprott's suite of critical materials-focused ETFs. This launch aims to meet global net-zero emissions commitments by 2050 through copper-intensive electrification initiatives.
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Sprott Inc. announced its financial results for 2023, with Assets Under Management increasing by $5.3 billion to $28.7 billion. Management highlighted growth in uranium strategies and new product offerings. Revenue increased, but commissions declined. Net income and adjusted EBITDA showed positive trends. The company also declared a quarterly dividend and initiated a normal course issuer bid.
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Sprott Inc. declares a fourth quarter 2023 dividend of US$0.25 per common share, payable on March 19, 2024. Shareholders of record on March 4, 2024, will receive dividends in either Canadian or U.S. dollars based on residency and intermediary participation.
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Sprott Inc. (NYSE:SII) to release its 2023 annual results on February 21, 2024, followed by an earnings webcast hosted by top executives. Pre-registration is open for research analysts.
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Sprott Inc. announced its financial results for Q3 2023, reporting $25.4 billion in Assets Under Management (AUM), a 1% increase from Q2 2023 and an 8% increase from December 31, 2022. The company's uranium strategies have grown to $6.3 billion in AUM, making up approximately 25% of the consolidated AUM. The Sprott Physical Uranium Trust grew by $1.1 billion in Q3, and the Sprott Uranium Miners ETF and Sprott Junior Uranium Miners ETF rose by approximately 41% and 39% respectively, attracting $199 million in new AUM.
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Sprott Inc. has declared a third quarter 2023 dividend of US$0.25 per common share. The dividend will be payable on November 28, 2023, to shareholders of record on November 13, 2023. Registered shareholders in Canada and beneficial holders whose intermediary is CDS will receive their dividend in Canadian dollars, while registered shareholders outside of Canada and beneficial holders whose intermediary is DTC will receive their dividend in U.S. dollars. The dividend is designated as an eligible dividend for Canadian income tax purposes.
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Sprott Inc. plans to release its 2023 third quarter results on November 1, 2023. A webcast will be held at 10:00 a.m. to discuss the results.
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Sprott Inc. completes final closing of Sprott Private Resource Lending Fund III, bringing total assets under management to $1.5 billion. Fund III will provide flexible capital in an underserved sector as traditional lenders exit. Over 80 investments have been completed, supporting the launch of successful mining companies.
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Sprott Inc. announces the completion of the Sprott Private Resource Streaming and Royalty Annex Fund's final closing, raising a total of $310 million. The total assets under management of Sprott Resource Streaming and Royalty Corp. now stand at $1.1 billion within the company's private strategies segment.
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FAQ

What is the current stock price of Sprott (SII)?

The current stock price of Sprott (SII) is $42.41 as of December 20, 2024.

What is the market cap of Sprott (SII)?

The market cap of Sprott (SII) is approximately 1.1B.

What does Sprott Inc. specialize in?

Sprott Inc. specializes in precious metals and real assets investment strategies, offering unique products like physical bullion trusts, mining ETFs, and private equity and debt strategies.

Where is Sprott Inc. headquartered?

Sprott Inc. is headquartered in Toronto, Canada, with additional offices in Connecticut, Carlsbad, and Vancouver.

What are the main segments of Sprott Inc.?

The main segments of Sprott Inc. include Exchange Listed Products, Managed Equities, Private Strategies, and Corporate services.

What type of investment products does Sprott offer?

Sprott offers a range of investment products including physical bullion trusts, mining ETFs, private equity and debt strategies, and specialized asset management services.

How does Sprott support natural resource companies?

Sprott partners with natural resource companies to meet their capital needs through merchant banking and resource lending activities.

On which stock exchange are Sprott’s shares listed?

Sprott’s common shares are listed on the Toronto Stock Exchange under the symbol TSX: SII.

What recent achievements has Sprott Inc. accomplished?

Sprott Inc. has successfully launched new investment products, expanded its market presence, and maintained strong financial performance through strategic partnerships and disciplined management.

How does Sprott ensure strong financial performance?

Sprott ensures strong financial performance through strategic investments, prudent risk management, and maintaining a robust balance sheet.

What makes Sprott’s investment strategies unique?

Sprott’s investment strategies are unique due to their focus on precious metals and real assets, supported by deep industry knowledge, extensive experience, and strong relationships.

What services are included in Sprott's Corporate segment?

Sprott's Corporate segment provides capital, balance sheet management, and enterprise shared services to the company's subsidiaries.

Sprott Inc.

NYSE:SII

SII Rankings

SII Stock Data

1.07B
21.30M
17.65%
41.83%
0.36%
Asset Management
Financial Services
Link
United States of America
Toronto