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. (SII) announced a third-quarter dividend of US$0.25 per common share, payable on November 30, 2021. Shareholders on record by November 15, 2021 will receive the dividend in either Canadian or U.S. dollars depending on their residency and broker participation. The dividend is classified as an eligible dividend for Canadian tax purposes. Sprott is recognized in the investment sector focusing on precious metals and real assets with global operations.
Sprott Inc. (NYSE:SII, TSX:SII) will host a conference call on November 5, 2021, at 10:00 a.m. ET to discuss its third-quarter 2021 results, with the financial results released at 7:00 a.m. ET the same day. Investors can participate by dialing (855) 458-4215 and using conference ID 3490247. A taped replay will be available until November 12, 2021. Sprott specializes in precious metals and real assets investments, providing various investment strategies, including Exchange Listed Products and Managed Equities. More information can be found at www.sprott.com.
Sprott Inc. (NYSE/TSX: SII) has appointed Barbara Connolly Keady and Catherine Raw to its board of directors. Connolly Keady's appointment is effective immediately, while Raw's will take effect on January 1, 2022. Chairman Ron Dewhurst emphasized the unique backgrounds and diverse experiences of the new appointees, which he believes will strengthen the board. Connolly Keady has 15 years in finance and asset management, while Raw has significant experience in mining operations and finance, currently serving as Barrick Gold’s COO for North America.
Sprott Inc. (NYSE/TSX: SII) announced strong Q2 2021 financial results with assets under management (AUM) growing to $18.6 billion, a 9% increase from Q1 2021. Adjusted base EBITDA reached $15.1 million ($0.60 per share), up 64% year-over-year. Notably, management fees surged 58% to $25.1 million, driven by robust inflows in physical trusts and higher average AUM. The company also formed the Sprott Physical Uranium Trust, adding $630 million in AUM. A quarterly dividend of $0.25 per share was declared.
Sprott Inc. (SII) has announced a second quarter 2021 dividend of US$0.25 per common share, payable on August 31, 2021. Shareholders must be on record by the close of business on August 16, 2021. Canadian residents will receive dividends in Canadian dollars based on the spot exchange rate, while international residents can opt for U.S. dollars. This dividend is classified as an eligible dividend for Canadian income tax purposes, reflecting Sprott's ongoing commitment to return value to its investors.
Sprott Inc. (NYSE:SII) announces a conference call on August 6, 2021, at 10:00 a.m. ET to discuss its Q2 2021 results. Financial results will be released on the same day at 7:00 a.m. ET. Interested participants can join by dialing (855) 458-4215 with conference ID 3486249. A recorded replay will be available until August 13, 2021, by calling (855) 859-2056. The call will also be webcast live on Sprott's website, providing investors with insights into the company's performance and strategies in the precious metals sector.
Sprott Inc. (NYSE/TSX:SII) announced the launch of the Sprott Physical Uranium Trust, now trading on the Toronto Stock Exchange under the symbols U.UN and U.U. This strategic move adds approximately US$600 million to Sprott's total assets under management (AUM) and positions the company in the clean energy metals sector. Sprott’s CEO highlighted the trust as the world's largest publicly listed physical uranium fund, aiming to leverage its brand and expertise to enhance the trust's liquidity and create shareholder value.
Sprott Inc. (NYSE/TSX: SII) announced the successful outcomes of its Annual Meeting held on May 7, 2021. All resolutions presented in the Management Information Circular dated March 22, 2021, received shareholder approval. During the meeting, Sprott's six nominated directors were elected with high majority votes: Ronald Dewhurst (99.041%), Graham Birch (99.553%), and others achieving over 87% approval. Additionally, KPMG LLP was re-appointed as Sprott's auditor with 99.814% votes in favor. Detailed voting results will be filed on SEDAR for shareholder review.
Sprott reported strong financial results for Q1 2021, with adjusted base EBITDA at $14.6 million ($0.59/share), up 78% year-over-year. Management fees rose to $22.5 million, while net income increased to $3.2 million. The company also announced a strategic agreement to manage Uranium Participation Corporation, potentially adding $500 million to assets under management (AUM), which currently stands at $17.1 billion. Despite a slight decline in AUM quarter-over-quarter, recent inflows have boosted it to $18.2 billion as of May 4, 2021.
Sprott Inc. (NYSE/TSX: SII) has declared a first quarter 2021 dividend of US$0.25 per common share, payable on June 1, 2021, to shareholders recorded by the close of business on May 17, 2021. Canadian residents will receive their dividends in Canadian dollars based on the exchange rate on the payment date, while non-residents will receive theirs in U.S. dollars, with options for currency elections. The dividend is classified as an eligible dividend for Canadian tax purposes.
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