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The Sprott (NYSE: SII ) stock price has had a relatively turbulent 2022, where it sold off initially, then recovered substantially, to finally decline with most stocks over the last few weeks. Data by YCharts Figure 1 – Source: YCharts
Historically, Sprott has traded mostly with the precious metals industry. More recently, the stock has had a very close correlation with the uranium industry. Part of it makes sense given that the Sprott Physical Uranium Trust ( OTCPK:SRUUF ) and Sprott Uranium Miners ETF ( URNM ) have increased the exposure to the industry. However, the vast majority of Sprott’s AUM is precious metals focused and only 20-25% is in uranium.
Sprott is a company which has had very impressive AUM and earnings growth over the last few years, but that has also been reflected in the stock price. Figure 2 – Source: Quarterly […]
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