The Globe and Mail reports in its Friday, Feb. 28, edition that Canaccord Genuity analyst Matthew Lee has reaffirmed his "buy" recommendation for Sprott. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lee gave his share target a $4 boost to $71. Analysts on average target the shares at $64.50. Mr. Lee says in a note: "Our key takeaway from the quarter was the flexibility that the firm has demonstrated in the current geopolitical environment with management highlighting its ability to deploy new products as a means of catering to shifting investor needs. While AUM fell in Q4, we were impressed by the strong capital inflows Sprott has seen quarter-to-date, which reflects the increasing demand from investors for 'safe' assets housed in politically stable jurisdictions. Post quarter, we have increased our forecast modestly to consider the stronger Q1 net sales but note that our forecast for the remainder of the year remains conservative at $240-million of capital inflows per quarter. Given strength in the gold and silver markets, we have also increased our precious metal price deck to be in line with the Canaccord Genuity mining team's forecast."
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