Sprott shares jump 15% after strong quarterly results and AUM growth
Updated
Updated · MarketWatch · May 6
Sprott shares jump 15% after strong quarterly results and AUM growth
5 articles · Updated · MarketWatch · May 6
The stock rose to C$199.95, extending its 2026 gain to 49%, as first-quarter net income increased to $29.2 million and revenue surged to $143 million.
Adjusted EBITDA climbed to $57.9 million from $21.9 million a year earlier, while assets under management rose 9.2% quarter on quarter and 86% year on year to $65.07 billion.
The precious-metals and critical-materials investor said AUM reached $65.5 billion by May 1, helped by $300 million in market appreciation and $200 million in net inflows, mainly into exchange-listed products.
Are Sprott's massive new funds stabilizing critical mineral supply chains or simply fueling a speculative price bubble?
With its stock price soaring far above fair value, is Sprott a bubble waiting to burst?