SPOXF - Sprott: Unjustified Sell-Off
Investment Thesis
I have written about Sprott (SPOXF) before as I think the company offers several attractive attributes which I will discuss further in this article. The Q3 adjusted base EBITDA was down 9.2% from the previous quarter, but the stock price has dropped close to 20% which I view as very excessive. The dividend yield is up to 4.67%. The precious metals market has been solid when most other assets have been selling off and the resource lending segment is expected to grow over the coming year.
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