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Sprott Inc (SII) is a leading global asset manager specializing in precious metals and real assets investment strategies. This news hub provides investors and market participants with timely updates on corporate developments, financial performance, and strategic initiatives from the Toronto-based firm.
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Sprott Inc. (NYSE/TSX: SII) announced its Q2 2024 financial results, reporting a rise in Assets Under Management (AUM) to $31.1 billion, a 6% increase from Q1 2024. The company achieved positive net sales with $357 million in net inflows, along with $110 million from the IPO of the Sprott Physical Copper Trust (COP).
Key financial highlights include:
- Management fees: $38.1 million, up 16% YoY
- AUM: $31.1 billion, up 6% QoQ and 8% YoY
- Net income: $13.4 million ($0.53 per share), down 25% YoY
- Adjusted base EBITDA: $22.4 million, up 25% YoY
The decrease in net income was attributed to the absence of a non-recurring $18.6 million asset realized last year. Higher management fees and market value appreciation contributed to the earnings.
Sprott Inc. (NYSE/TSX: SII) has announced a second quarter 2024 dividend of US$0.25 per common share, payable on September 3, 2024, to shareholders of record as of August 19, 2024. The dividend will be paid in Canadian dollars for registered Canadian shareholders and beneficial holders through CDS, while others will receive it in U.S. dollars. The exchange rate for Canadian dollar payments will be based on the spot price on September 3, 2024. Shareholders can elect to change their dividend currency by contacting their broker or making arrangements with CDS before August 19, 2024. This dividend is designated as an eligible dividend for Canadian income tax purposes.
Sprott Inc. (NYSE:SII) (TSX:SII) has announced the date for its 2024 second quarter results webcast. The company plans to release its Q2 results on August 7, 2024, at 7:00 a.m. This will be followed by an earnings webcast at 10:00 a.m. ET on the same day. The webcast will be hosted by Sprott CEO Whitney George, CFO Kevin Hibbert, and Sprott Asset Management CEO John Ciampaglia. Interested parties can access the webcast through the provided audio link. Research analysts covering Sprott are advised to register separately using a specific registration link.
Sprott Inc. announced the successful results of its Annual Meeting of shareholders where all resolutions were approved. The seven director nominees were elected, and KPMG LLP was re-appointed as auditor. Detailed voting results can be found on Sprott's profile on SEDAR+.
Sprott Inc. (NYSE/TSX: SII) reported financial results for Q1 2024, with AUM reaching $29.4 billion by March 31, 2024, driven by strong gold and silver prices but offset by weakness in uranium. Revenue increased by 17% to $36.4 million, while net income grew by 51% to $11.6 million. The company introduced new ETFs and expects a volatile 2024 due to geopolitical conflicts and inflation.
Sprott Inc. declared a first quarter 2024 dividend of US$0.25 per common share, payable on June 5, 2024. Shareholders of record at the close of business on May 21, 2024, will receive the dividend in either Canadian or U.S. dollars based on their residency and holding method. The dividend is designated as an eligible dividend for Canadian income tax purposes.
Sprott Inc. announced the date for its first quarter results webcast, scheduled for May 8, 2024. The webcast will be hosted by Sprott's CEO, CFO, and Asset Management CEO. Research analysts covering the company should pre-register for the event.
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