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:SII) announced it will host a conference call on May 7, 2021, at 10:00 a.m. ET to discuss its first-quarter results for 2021. The financial results will be released earlier that day at 7:00 a.m. ET. Interested participants can join the call by dialing (855) 458-4215 and using conference ID 54907466. A replay will be available until May 14, 2021. Sprott is a leader in precious metal investments, offering specialized investment strategies, and operates from offices in Toronto, New York, and London. For more information, visit www.sprott.com.
Sprott Inc. (SII) announced a definitive agreement for its subsidiary, Sprott Asset Management, to acquire Uranium Participation Corporation (UPC), turning UPC shareholders into unitholders of the new Sprott Physical Uranium Trust. UPC, the largest publicly traded uranium investment vehicle, holds approximately 16.27 million pounds of U3O8 valued at C$665 million. The transaction is expected to close by Q3 2021 and aims to enhance trading liquidity and asset growth, with WMC Energy acting as Technical Advisor.
Sprott announced an Investor Webcast scheduled for April 6, 2021, at 10:00 a.m. ET. Presenters will include CEO Peter Grosskopf, President Whitney George, CFO Kevin Hibbert, and CEO of Sprott Asset Management, John Ciampaglia. Investors can register and submit questions in advance through a provided link. Sprott is a global asset manager known for precious metal investments, with offices in Toronto, New York, and London. The company’s stock is listed on both NYSE and TSX under the symbol SII.
Sprott Inc. (SII) announced approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB) to repurchase up to 642,576 common shares, approximately 2.5% of its outstanding shares. The buyback, set to begin on March 3, 2021, and end on March 2, 2022, aims to enhance shareholder liquidity, as Sprott believes its shares are undervalued compared to its business prospects. In the prior NCIB, Sprott repurchased 186,403 shares at an average price of C$27.00, totaling C$5,034,300.30.
Sprott Inc. (SII) reported strong financial results for 2020, with Assets Under Management (AUM) reaching a record high of $17.4 billion, an increase of 88% year-over-year. Adjusted base EBITDA rose 52% to $44.2 million, driven by significant market appreciation and inflows, particularly in physical trusts. The company reported net income of $27 million, up $16.8 million from the previous year. Sprott was added to the S&P/TSX Composite Index and increased its dividend to $0.25 in February 2021. Despite these gains, finance income declined significantly by 65% due to the repayment of legacy loans.
Sprott Inc. (NYSE/TSX: SII) has declared a fourth quarter 2020 dividend of US$0.25 per common share, scheduled for payment on March 23, 2021. Shareholders on record by March 8, 2021 will receive their dividends, with Canadian residents receiving payments in Canadian dollars and other shareholders in U.S. dollars. The dividend qualifies as an eligible dividend for Canadian tax purposes.
Sprott is a global leader in precious metal investments, with a focus on providing specialized investment strategies.
Sprott Inc. (NYSE:SII) will host a conference call on February 26, 2021, at 10:00 a.m. ET, to discuss its 2020 annual results. The financial results will be released at 7:00 a.m. ET on the same day. Interested participants can join the call by dialing (855) 458-4215 with conference ID 7372646. A taped replay will be available until March 5, 2021. Sprott is a leading global asset manager specializing in precious metal investments, with offices in Toronto, New York, and London.
Sprott Inc. reported its financial results for Q3 2020, with Assets Under Management (AUM) totaling $16.3 billion, a 17% increase from June 30, 2020. Total net revenues reached $31.3 million, up 82% from the previous year. Net income stood at $8.7 million ($0.36 per share), reflecting a significant increase of $4.4 million year-over-year. The company also announced an 8.7% dividend increase, raising the quarterly dividend to USD $0.25 per share. Sprott's strong financial performance is attributed to increasing precious metals prices and successful asset management.
Sprott Inc. (NYSE/TSX: SII) has announced a third quarter 2020 dividend of US$0.25 per common share, reflecting an 8.7% increase from the previous quarter. This dividend is payable on December 8, 2020, to shareholders on record as of November 23, 2020. Canadian residents will receive dividends in Canadian dollars, while registered shareholders outside Canada will receive them in U.S. dollars. The dividend qualifies as an eligible dividend for Canadian income tax purposes, providing shareholders with a reliable income stream.
Sprott Inc. (NYSE:SII, TSX:SII) announced a conference call scheduled for November 13, 2020, at 10:00 a.m. ET, to discuss its third-quarter 2020 financial results. The results will be released earlier that day at 7:00 a.m. ET. Interested participants can join the call by dialing (855) 458-4215 ten minutes prior, using conference ID 6191323. A taped replay will be available until November 20, 2020. Sprott is a leading alternative asset manager specializing in precious metal investments.
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