SII - Sprott: The AUM Growth Continues But Limited Growth In Cash Flows

2024-02-21 11:26:07 ET

Summary

• Sprott Inc.'s stock price has underperformed uranium equities but marginally outperformed precious metals equities in the past year.
• The company has seen significant growth in assets under management due to acquisitions and higher commodity prices, but the stock price has remained rangebound.
• Sprott reported a net income for 2023 of $41.8M, more than double the previous year, but adjusted base EBITDA only saw a marginal increase despite AUM growth.

Overview

Sprott Inc. ( SII ) is a Canadian investment company primarily focused on precious metals and uranium. The company reports in USD and is listed in both the U.S. and Canada ( SII:CA ). I have covered Sprott frequently over the last 6 years, and those articles can be found here ....

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