Sprott Inc. (SII) Soars 2.29% on Gold Trust Milestone

Sprott Inc. (SII) shares surged 2.29% today, marking the ninth consecutive day of gains, with a cumulative increase of 37.05% over the past nine days. The stock price reached its highest level since April 2022, with an intraday gain of 3.55%.

Sprott Inc. has achieved a significant milestone with its Physical Gold Trust surpassing a net asset value of US$10 billion. This trust holds approximately 3.4 million ounces of gold, reflecting the company's substantial asset holdings and its strong position in the precious metals market. This development is likely to have contributed to the recent surge in Sprott Inc.'s stock price, as investors recognize the value and stability that such holdings bring to the company.

Additionally, Sprott Inc. has demonstrated positive performance metrics, including a 3-Year Share Buyback Ratio of -0.10 as of April 22, 2025. This ratio indicates that the company has been actively repurchasing its shares, which can be seen as a bullish signal for investors. Share buybacks often suggest that the company believes its stock is undervalued and is taking steps to increase shareholder value. This strategy can lead to a reduction in the number of outstanding shares, potentially driving up the stock price.