Overview

* Sprott Q3 AUM rises 23% from prior quarter, driven by market value appreciation and inflows

* Adjusted EBITDA for Q3 up 54% yr/yr, benefiting from higher average AUM

* Company raises quarterly dividend by 33% to $0.40 per share

Outlook

* Sprott highlights confidence in future due to core positioning in precious metals

* Company notes positive reception of new ETF offerings

Result Drivers

* PRECIOUS METALS APPRECIATION - Rising precious metals prices drove market value appreciation across Sprott's product suite, boosting AUM

* RECORD NET SALES - Sprott reported $1.1 bln in net sales for the qtr, with September being the best sales month in company history

* ETF SUCCESS - New ETFs launched earlier this year reached key AUM thresholds faster than previous launches, contributing to growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $49.17

Revenue mln

Q3 EPS $0.51

Q3 Net $13.15

Income mln

Q3 $31.91

Adjusted mln

EBITDA

Q3 $49.08

Assets bln

Under

Manageme

nt

Q3 $0.40

Dividend

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$104.50, about 10.6% below its November 4 closing price of C$115.62

* The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release:

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(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.)