Sprott

Sprott stock fell 2.7% to CA$179.90, weighed down by a sharp decline in the gold price that reduces assets under management (AUM) and management fees. Market reactions to higher oil prices after drone attacks, together with expectations of tighter Fed policy, strengthened the US dollar and put gold under pressure. Analysts have already cut their price targets; AUM fell 15% in Q2 2026 to CA$55.6 billion, increasing the stock's vulnerability. » More on de.investing.com

Sprott reported Q2 2026 earnings per share of $1.33, above the consensus estimate of $1.25, while revenue of $71.78 million was well below the forecast of $89.47 million. Net income and adjusted EBITDA nearly doubled, with an adjusted EBITDA margin of 71%. Assets under management fell to CAD 55.6 billion at quarter-end (previous quarter CAD 65.1 billion) due to lower precious metal prices and net outflows; however, average AUM rose substantially year over year. Management highlights the rapid growth of the rare-earths ETF REXC, plans opportunistic share buybacks, and sees long-term opportunities in copper, uranium and rare earths. » More on de.investing.com

Sprott reported Q1 2026 EPS of $1.13, beating the $1.09 estimate, while revenue of $80.75 million was slightly below expectations. Assets under management rose 9.3% to $65.1 billion, and net income climbed to $29.2 million (+144%). Adjusted EBITDA increased markedly, and the stock rose 16.24% after the results. Management sees further upside and forecasts higher EPS for upcoming quarters as well as rising revenues for 2026/2027. » More on de.investing.com