Sprott Shares Rally After Quarterly Results, Rise in Assets Under Management

Dow Jones05-06 23:28

By Robb M. Stewart

Sprott's shares jumped after the specialist asset manager logged a rise in assets under management for the latest quarter amid volatility in gold and silver prices.

In morning trading, the shares were 15% higher at 199.95 Canadian dollars, widening the year-to-date advance to 49%.

Sprott, which is focused on precious metals and critical-materials investments, recorded first-quarter net income of $29.2 million, up from $28.7 million the quarter before and $12 million in the same period last year.

Adjusted earnings before interest, taxes, depreciation and amortization climbed to $57.9 million from $21.9 million a year earlier.

Total revenue was up sharply at $143 million, versus $43.4 million in the first quarter of 2025.

Sprott's assets under management were up 9.2% on the prior quarter and 86% year over year at $65.07 billion, which the company said reflected market-value appreciation across a majority of its fund products and positive net inflows to its exchange-listed products.

The firm said assets under management ticked up to $65.5 billion as of May 1, which it said was the result of $300 million of market-value appreciation and $200 million in net inflows, primarily in its exchange-listed products.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

May 06, 2026 11:28 ET (15:28 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Stewart \n\n\n \n\n\n  Sprott's shares jumped after the specialist asset manager logged a rise in assets under management for the latest quarter amid volatility in gold and silver prices. \n\n\n  In morning trading, the shares were 15% higher at 199.95 Canadian dollars, widening the year-to-date advance to 49%. \n\n\n  Sprott, which is focused on precious metals and critical-materials investments, recorded first-quarter net income of $29.2 million, up from $28.7 million the quarter before and $12 million in the same period last year. \n\n\n  Adjusted earnings before interest, taxes, depreciation and amortization climbed to $57.9 million from $21.9 million a year earlier. \n\n\n  Total revenue was up sharply at $143 million, versus $43.4 million in the first quarter of 2025. \n\n\n  Sprott's assets under management were up 9.2% on the prior quarter and 86% year over year at $65.07 billion, which the company said reflected market-value appreciation across a majority of its fund products and positive net inflows to its exchange-listed products. \n\n\n  The firm said assets under management ticked up to $65.5 billion as of May 1, which it said was the result of $300 million of market-value appreciation and $200 million in net inflows, primarily in its exchange-listed products. \n\n\n \n\n\n  Write to Robb M. 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