Overview

* Sprott Q2 AUM rises 14% qtr/qtr, driven by precious metals and uranium

* Net Fees for Q2 up 54% yr/yr, reflecting higher management and performance fees

* Adjusted EBITDA for Q2 grows 14% yr/yr, benefiting from market appreciation

Outlook

* Company sees positive market conditions for precious metals and critical materials

* Sprott expects continued growth in investor allocations to precious metals strategies

Result Drivers

* AUM GROWTH - Driven by market value appreciation in precious metals and uranium, and net inflows to physical trusts

* REVENUE INCREASE - Higher management and performance fees due to increased average AUM and inflows

* COMMISSION DECLINE - Decrease attributed to last year's higher activity in physical copper trust and uranium trust

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.52

Q2 Net $13.50

Income mln

Q2 $25.45

Adjusted mln

EBITDA

Q2 $40.04

Assets bln

Under

Manageme

nt

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for Sprott Inc ( SII ) is C$89.50, about 5.7% below its August 5 closing price of C$94.62

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)