AUSDF - Sprott: Successfully Capitalizing On Renewable Minerals Trends

2024-01-31 12:47:24 ET

Summary

• Sprott Inc. is seeing successful net inflows into its commodity and transition-focused vehicles.
• However, a mixture of poorer silver and gold performance as well as more competition from alternative stores of wealth worsen gold and silver trust net inflows.
• While the net effects are positive, and the disposals have been earnings accretive, the multiple for Sprott Inc. is too high and there are other ways on the markets to play transition materials.

Sprott Inc. ( SII ) has been having decent success in driving inflows into its suite of physical trust products of all sorts of commodities, particularly Uranium and other minerals that are essential for the renewable transition. The issue is gold and silver, which may be having inflow issues on somewhat of a secular basis due to the rate situation and alternative savings options....

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