Sprott ( (TSE:SII) ) has issued an update.
Sprott Physical Gold Trust, managed by Sprott Inc., has announced that its net asset value has exceeded $10 billion, reflecting the growing demand for physical gold investments. This milestone highlights the trust’s role in providing a secure and convenient way for investors to own physical gold, especially as global central bank purchases drive gold prices to new highs. The trust’s fully allocated gold holdings and exchange-traded format offer a practical alternative to direct gold investment, positioning Sprott favorably in the precious metals market.
More about Sprott
Sprott Inc. is a global asset manager specializing in investments in precious metals and critical materials. The company offers a range of investment strategies including exchange-listed products, managed equities, and private strategies. Sprott operates offices in Toronto, New York, Connecticut, and California, and is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII.
YTD Price Performance: 1.47%
Average Trading Volume: 99,283
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.1B
For detailed information about SII stock, go to TipRanks’ Stock Analysis page.