Analysts Lift Sprott Targets as Q4 Revenue Tops US$111M and AUM Jumps 21%
TD Securities raised its Sprott Inc. price target to C$180 from C$176 with a Hold rating, while RBC Capital upgraded to Outperform and set a C$218 target. Sprott’s Q4 revenue of US$111.4M topped US$93.9M consensus, and AUM climbed 21% to US$59.6B, rising to US$70.1B on net US$3.9B sales.
1. Analyst Price Target Adjustments
On February 20, TD Securities raised its price target on Sprott Inc. to C$180 from C$176 and maintained a Hold rating. Canaccord increased its target to C$200 from C$130 with a Buy rating, and RBC Capital upgraded the company to Outperform while lifting its target to C$218 from C$186, citing strong Q4 results and inflection points in growth and profitability.
2. Q4 Financial Performance
Sprott reported fourth-quarter revenue of US$111.4 million versus a US$93.9 million consensus estimate. Assets Under Management reached US$59.6 billion as of December 31, 2025—up 21% quarter-on-quarter and 89% year-on-year—and grew further to US$70.1 billion by February 13, driven by US$3.9 billion in net sales primarily in Exchange Listed Products and strong performance in precious metals and critical materials strategies.
3. Outlook and Operational Leverage
RBC Capital highlighted Sprott’s operating leverage to constructive commodity pricing as a catalyst for continued momentum into 2026. Management emphasized market value appreciation across fund products and solid net inflows, positioning the firm to benefit from macroeconomic trends in precious metals and critical materials markets.