SPOXF - Sprott: AUM Growth Now Confirmed I Expect Earnings And The Stock Price To Catch Up
Investment Thesis
I wrote an article on Sprott (OTCPK:SPOXF) about 6 months ago indicating assets under management and consequently adjusted base EBITDA will grow by more than 50% over the coming year.
When Sprott announced the completion of the Tocqueville Gold Strategies acquisition in January of 2020, assets under management were up significantly which can be seen in the below chart.
Figure 1 - Source: Quarterly Reports & Press Release
Despite this growth, the interest in the stock has been relatively limited, which I expect to change when earnings increase.