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SII Sprott News Story

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Canada's Sprott AUM up 89% on precious metals performance

Overview

Canada asset manager's AUM rose 89% yr/yr to $59.6 bln, driven by market appreciation

Management fees for Q4 increased 54% yr/yr, reflecting higher average AUM

Net income for Q4 rose to $28.7 mln, driven by market value appreciation

Outlook

Company believes it is well positioned to capitalize on macro-economic trends

Sprott sees compelling fundamentals for precious metals despite recent volatility

Company announces quarterly dividend of $0.40 per share

Result Drivers

PRECIOUS METALS PERFORMANCE - Strong performance in gold, silver, platinum, and palladium drove market value appreciation and AUM growth, according to CEO Whitney George

CRITICAL MATERIALS DEMAND - Growing investor demand and government intervention in response to geopolitical tensions boosted critical materials investment strategies

NET INFLOWS - Positive net sales, primarily in Exchange Listed Products, contributed to AUM growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Revenue$61.70 mln
Q4 EPS$1.11
Q4 Net Income$28.73 mln
Q4 Adjusted EBITDA$42.13 mln
Q4 Assets Under Management$59.61 bln
Q4 Dividend$0.40
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the investment management & fund operators peer group is "buy" Wall Street's median 12-month price target for Sprott Inc is C$162.00, about 4.6% below its February 18 closing price of C$169.85 The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 32 three months ago Press Release: ID:nGNXbnCTqL For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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