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. reports developments as a global asset manager focused on precious metals and critical materials investments. News typically covers assets under management, fund flows, financial results and activity across Exchange Listed Products, Managed Equities, Private Strategies and corporate operations.
Company updates also include dividends, normal course issuer bids, ETF launches and changes involving Sprott-branded funds and physical trusts. Product coverage includes critical materials ETFs such as the Sprott Rare Earths Ex-China ETF and fund actions involving the Sprott Physical Copper Trust, a vehicle created to hold physical copper metal.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Sprott Inc. (NYSE/TSX: SII) reported its financial results for the year ending December 31, 2022, showcasing a significant growth in Assets Under Management (AUM), which reached $23.4 billion, up $3 billion from 2021. The increase was largely attributed to $2.8 billion in net sales and the Sprott Uranium Miners ETF acquisition. However, net income declined by 47% year-over-year to $17.6 million, primarily due to weaker equity origination and unrealized investment losses. Management fees rose 11% to $115.4 million. Sprott announced a quarterly dividend of $0.25 per share and plans to sell its Canadian broker-dealer operations, which is expected to positively impact operating margins.
On February 23, 2023, Sprott Inc. (SII) declared a fourth quarter 2022 dividend of US$0.25 per common share, payable on March 21, 2023 to shareholders on record as of March 6, 2023. The dividend will be distributed in Canadian dollars for Canadian residents and in U.S. dollars for U.S. residents. Beneficial holders in Canada can opt for U.S. dollar payments if desired. This dividend is classified as an eligible dividend for Canadian income tax purposes. Sprott, a leader in precious metal and energy transition investments, operates from Toronto, New York, and London.
On February 21, 2023, Sprott Inc. (NYSE:SII, TSX:SII) announced it will release its 2022 annual results on February 24, 2023, at 7:00 a.m. ET. The company will hold an earnings webcast at 10:00 a.m. ET that same day, featuring CEO Whitney George, CFO Kevin Hibbert, and Asset Management CEO John Ciampaglia. Pre-registration is available for research analysts wishing to participate in the live Q&A. Sprott is a leading firm specializing in precious metal and energy transition investments, with a diverse range of investment strategies.
Sprott Asset Management has launched four new Exchange Traded Funds (ETFs) aimed at providing investors with exposure to critical minerals essential for cleaner energy production. The new ETFs are the Sprott Energy Transition Materials ETF (SETM), Sprott Lithium Miners ETF (LITP), Sprott Junior Uranium Miners ETF (URNJ), and Sprott Junior Copper Miners ETF (COPJ). These funds target key materials needed for low-carbon energy and electric vehicle transitions amid growing global demand. Sprott's ETFs are designed in collaboration with Nasdaq, enhancing market accessibility for investors.
Sprott announced its financial results for Q3 and the first nine months of 2022, highlighting a 21 billion AUM, down 4% from Q2. Despite market depreciation, strong inflows from physical trusts and the North Shore Global Uranium Mining ETF acquisition largely offset losses. Management fees rose 2% year-over-year to 29.2 million, while carried interest dropped significantly by 74%. Net income fell 65% to 3.1 million, impacted by FX losses and a legacy legal claim. A quarterly dividend of 0.25 per share was declared.
Sprott Inc. (NYSE/TSX: SII) has declared a third quarter 2022 dividend of US$0.25 per common share, payable on November 29, 2022. Shareholders of record as of November 14, 2022 will be eligible. Canadian registered shareholders will receive dividends in Canadian dollars, while those in the U.S. will receive in U.S. dollars, depending on their intermediary's participation in CDS or DTC. The dividend is designated as an eligible dividend for Canadian income tax purposes.