Sprott Inc. (SII) Shares Soar 1.16% on ETF Launch, TD Securities Upgrade

Sprott Inc. (SII) shares surged to a record high today, with an intraday gain of 1.16%.

The strategy of buying SII shares after they reach a recent high and selling them one week later delivered strong returns over the past five years. The strategy achieved a 139.03% return, significantly outperforming the benchmark return of 58.03%. The excess return was 81.00%, indicating the strategy's ability to capitalize on price movements. With a maximum drawdown of 0.00% and a Sharpe ratio of 1.56, the strategy also showcased robust risk management, maintaining principal value during market fluctuations. The CAGR of 41.39% further reinforced the strategy's compounding effectiveness, making it a favorable approach for investors seeking both growth and preservation of capital.

Sprott Inc. (SII) has seen a significant boost in its stock price, largely attributed to the launch of the Sprott Copper Miners ETF in December 2024. This new ETF has not only contributed to the company's performance but has also garnered substantial investor interest, driving the stock price higher.

In addition to the ETF launch, TD Securities has played a pivotal role in influencing Sprott's stock price. On May 8th, the firm increased its price objective for Sprott from C$79.00 to C$84.00 and assigned the stock a "buy" rating. This positive outlook from a reputable financial institution has further bolstered investor confidence in Sprott, contributing to the upward trajectory of its stock price.