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 Asset Management has launched four new Exchange Traded Funds (ETFs) aimed at providing investors with exposure to critical minerals essential for cleaner energy production. The new ETFs are the Sprott Energy Transition Materials ETF (SETM), Sprott Lithium Miners ETF (LITP), Sprott Junior Uranium Miners ETF (URNJ), and Sprott Junior Copper Miners ETF (COPJ). These funds target key materials needed for low-carbon energy and electric vehicle transitions amid growing global demand. Sprott's ETFs are designed in collaboration with Nasdaq, enhancing market accessibility for investors.
Sprott announced its financial results for Q3 and the first nine months of 2022, highlighting a 21 billion AUM, down 4% from Q2. Despite market depreciation, strong inflows from physical trusts and the North Shore Global Uranium Mining ETF acquisition largely offset losses. Management fees rose 2% year-over-year to 29.2 million, while carried interest dropped significantly by 74%. Net income fell 65% to 3.1 million, impacted by FX losses and a legacy legal claim. A quarterly dividend of 0.25 per share was declared.
Sprott Inc. (NYSE/TSX: SII) has declared a third quarter 2022 dividend of US$0.25 per common share, payable on November 29, 2022. Shareholders of record as of November 14, 2022 will be eligible. Canadian registered shareholders will receive dividends in Canadian dollars, while those in the U.S. will receive in U.S. dollars, depending on their intermediary's participation in CDS or DTC. The dividend is designated as an eligible dividend for Canadian income tax purposes.
Sprott Inc. (NYSE:SII) will release its 2022 third quarter results on November 4, 2022, at 7:00 a.m. ET. A webcast discussing these results will follow at 10:00 a.m. ET, hosted by CEO Whitney George, CFO Kevin Hibbert, and CEO of Sprott Asset Management, John Ciampaglia. Pre-registration for the webcast is currently open, and research analysts are encouraged to register for a live Q&A session. Sprott specializes in precious metal and real asset investments and has a global presence with offices in Toronto, New York, and London.
Sprott Inc. (SII) announced a Q2 2022 dividend of US$0.25 per common share, payable on August 29, 2022, with a record date of August 12, 2022. Shareholders in Canada will receive dividends in Canadian dollars based on the exchange rate on the payment date, while those outside Canada, including the U.S., will receive them in U.S. dollars. The dividend qualifies as an eligible dividend for Canadian tax purposes. Sprott specializes in precious metal and real asset investments and operates globally with offices in Toronto, New York, and London.
Sprott Inc. (NYSE:SII) announced the release of its 2022 second quarter results on August 2, 2022, at 7:00 a.m. EDT. Following the results, Sprott will host a webcast at 10:00 a.m. EDT, featuring CEO Whitney George, CFO Kevin Hibbert, and Asset Management CEO John Ciampaglia. Analysts are encouraged to pre-register to participate in a live Q&A session. Sprott specializes in precious metal and real asset investments, with a presence in Toronto, New York, and London.
Sprott Inc. (NYSE/TSX: SII) announced the appointment of Whitney George as the new CEO, effective June 30, 2022, succeeding Peter Grosskopf. Grosskopf will remain involved as CEO of Sprott Capital Partners and an advisor to private strategies, while resigning from the board. Under Grosskopf's leadership, Sprott's assets under management grew from $5 billion to over $20 billion. George, who has been with Sprott since 2015, aims to focus on expansion and enhancing shareholder value.
Sprott Inc. (NYSE/TSX: SII) announced the results of its Annual and Special Meeting held on May 6, 2022. All resolutions outlined in the Management Information Circular from March 22, 2022, were unanimously approved by shareholders. Among significant resolutions, all seven director nominees were elected with high approval percentages, ranging from 97.038% to 99.568%. Additionally, KPMG LLP was re-appointed as the company's auditor with 99.226% votes in favor. An amendment to By-Law No. 1 was also approved. Detailed voting results will be available on SEDAR.
Sprott Inc. (SII) declared a Q1 2022 dividend of US$0.25 per common share, scheduled for payment on May 31, 2022. Shareholders of record by May 16, 2022 will receive dividends in their currency of residence: Canadian dollars for domestic shareholders and U.S. dollars for international ones. Beneficial holders can opt to change their dividend currency through their brokers. This dividend is classified as an eligible dividend for Canadian tax purposes, reflecting Sprott's commitment to returning value to investors.
Sprott Inc. (NYSE:SII) will host a conference call on May 6, 2022, at 10:00 a.m. ET to discuss its Q1 2022 results. Financial results will be released at 7:00 a.m. ET the same day. Participants can join by dialing (855) 458-4215 with conference ID 54907466. A replay will be available until May 13, 2022, at (855) 859-2056. The call will also be webcast live on Sprott's website. Sprott specializes in precious metal and real asset investments, with offices in Toronto, New York, and London.
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