Toronto, Feb 23, 2026, 08:45 (ET) — Premarket
Sprott Inc jumped 1.2% to $145.65 before the bell Monday, tacking onto Friday’s 10% rally. The stock, listed on the NYSE, finished at $143.98 after notching a fresh 52-week high of $144.36, StockAnalysis data show.
The Toronto investment manager’s fortunes track precious metals and so-called “critical materials,” with fee income reacting sharply when prices jump and client inflows pick up. The stock tends to move in lockstep with bullion sentiment rather than just off its own headlines.
Gold jumped over 1% on Monday, touching its highest level in three weeks as a U.S. Supreme Court decision on tariffs sent the dollar sliding and prompted a rush into safe-haven assets. Spot gold last traded up 1% at $5,152.11 an ounce as of 1145 GMT. Silver was also on the move, gaining 2.3% to $86.55. Investors watched for hints from Federal Reserve officials due to speak this week. “The price recovery in both gold and silver has likely been assisted by concerns or confusion even over the outlook for tariffs,” said independent analyst Ross Norman. Reuters
Sprott jumped 9.94% to close at C$197.31 in Toronto on Friday, just shy of its session peak at C$197.48.
Sprott reported fourth-quarter net income of $28.7 million as of Feb. 19, with carried interest and performance fees surging to $38.1 million. Assets under management stood at $59.6 billion at the end of December, climbing to $70.1 billion by Feb. 13 on the back of market gains and strong net inflows, particularly into exchange-listed products, according to the company. “Despite recent volatility, the fundamentals for precious metals remain compelling,” said chief executive Whitney George. Sprott also flagged increased at-the-market issuance activity in its physical uranium trust, along with a change in accounting treatment that could inject more volatility into stock-based compensation costs. Sprott
Sprott picked up an upgrade at RBC Capital on Friday, moving to Outperform from Sector Perform. The firm also raised its target price to C$218, up from C$186, according to a The Fly note cited by TipRanks.
U.S. cash markets have yet to open, leaving traders eyeing whether Monday’s metals-driven rally sticks as real liquidity arrives. Early gains in premarket action often evaporate fast when tighter spreads and heavier volume hit.
Sprott’s operating leverage isn’t always an advantage. If gold or silver prices slip, inflows can dry up and performance fees may take a hit. Higher rates, too, have a way of dulling appetite for metals that don’t pay interest.
Sprott’s board signed off on a US$0.40 quarterly dividend per share, with payment set for March 17 to holders of record as of March 2, according to the company. Investors are watching those dates as the week kicks off.
