Canada's Sprott Q2 net income more than doubles on higher average AUM

Sprott

05/08/2026 12:21

Overview
Canada asset manager's Q2 net income and adjusted EBITDA more than doubled yr/yr
Q2 assets under management fell 15% from Q1, mainly due to lower gold and silver prices
Company declared quarterly dividend of $0.40 per share

Outlook
Company expects gold price pullback to be short-lived, sees catalysts for rebound
Sprott remains constructive on critical materials amid supply constraints and rising electricity demand
Company sees potential for gold’s cyclical trend to realign with longer-term uptrend in coming quarters

Result Drivers
PRECIOUS METALS WEAKNESS - Co said lower gold and silver prices accounted for most of the decline in AUM and net outflows from precious metals products
CRITICAL MATERIALS INFLOWS - Co said critical materials strategies delivered positive net sales and helped offset declines in precious metals
HIGHER AVERAGE AUM - Co said higher average AUM versus prior year supported increased management fees and net income

Company press release: ID:nGNX7r7yTT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Total Net Revenues
 
$71.78 mln
 
Q2 EPS
 
$1.33
 
Q2 Net Income
 
$34.26 mln
 
Q2 Adjusted EBITDA
 
$50.77 mln
 
Q2 Assets Under Management
 
$55.56 bln
 
Q2 Dividend
 
$0.40
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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$195.00, about 32.4% above its August 4 closing price of C$147.33
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads
Aug 4 - Canada's iA Financial Q2 core EPS beats estimates on Wealth Management growth
Aug 5 - Carlyle tops profit expectations on pick-up in fees, deals
Aug 4 - Hecla Mining Q2 revenue falls sequentially on lower metal prices

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(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.)