Sprott Inc
SII
ISIN CA8520662088 / Valor 55021049
Sprott Inc
UMushroom community rating:
About company
Sprott Inc. is a global investment firm specializing in precious metals and critical materials. With a focus on providing investors with access to assets that play a crucial role in the global economy, Sprott Inc. offers a range of investment products and services designed to capitalize on the intrinsic value of these materials. The company's expertise spans various investment vehicles, including physical commodities, equity, and debt, catering to a diverse clientele seeking to enhance their portfolios with the stability and potential growth associated with precious metals and critical resources. While Sprott Inc. emphasizes the importance of diversity within its operations as a cornerstone for growth, its core business revolves around leveraging its specialized knowledge in the precious metals and critical materials sector to offer strategic investment opportunities.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Assets Under Management
During the second quarter of 2024, Sprott Inc's Assets Under Management (AUM) increased to $31.1 billion, up 6% from $29.4 billion as of March 31, 2024, and up 8% from $28.7 billion as of December 31, 2023. As of August 1, 2024, AUM stood at $31.5 billion. This growth was significantly driven by the IPO of the Sprott Physical Copper Trust (COP), a new addition to Sprott's critical materials investment strategies.
Net Income
Sprott Inc's net income for the second quarter of 2024 was $13.4 million ($0.53 per share), down 25% from $17.7 million ($0.70 per share) for the same period last year. This decrease is attributed to the realization of an $18.6 million non-recurring asset in the previous year. On a year-to-date basis, net income was $24.9 million ($0.98 per share), down 2% from $25.4 million ($1.00 per share) last year.
Adjusted Base EBITDA
Adjusted base EBITDA for Sprott Inc in the second quarter of 2024 was $22.4 million ($0.88 per share), up 25% from $18 million ($0.71 per share) for the same period in 2023. On a year-to-date basis, adjusted base EBITDA was $42.1 million ($1.66 per share), up 19% from $35.3 million ($1.40 per share) for the six months ended June 30, 2023. This increase was driven by higher management fees, increased ATM activity, and higher finance income in the private strategies segment.
SPUT Performance
The Sprott Physical Uranium Trust (SPUT) marked its third anniversary in July 2024. Since its launch, SPUT's holdings have increased from 18 million pounds of physical uranium to over 65.5 million pounds. Its net asset value has grown from approximately $600 million to about $5.6 billion as of June 30, 2024, delivering a cumulative return of 150.9% to investors since inception.
Net Sales
After experiencing $284 million of net redemptions in the first quarter of 2024, Sprott Inc returned to positive net sales in the second quarter with $357 million of net inflows. Additionally, the IPO of the Sprott Physical Copper Trust (COP) contributed $110 million, bringing the net sales for the first half of the year to $183 million, inclusive of the COP IPO.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1084 M
Market cap (USD)
9,585
Daily traded volume (Shares)
60.7 / 59.92
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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