The Globe and Mail reports in its Tuesday, Feb. 24, edition that RBC Dominion Securities analyst Bart Dziarski has upgraded Sprott to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Dziarski's share target soared $32 to $218. Analysts on average target the shares at $197.50. Mr. Dziarski says last week's release highlighted "the operating leverage inherent in the business to constructive commodity pricing compounded by net inflows and a product set that is hitting inflection points on growth and profitability, which we expect will continue into 2026 and beyond." He says in a note: "Our biggest takeaway from the quarter was the flywheel effect of products scaling within the business: I) every single fund in Sprott's ETF line-up is now above its breakeven AUM [assets under management] level implying high incremental margins we view as accretive to Sprott's mid-80s EBITDA margins in exchange listed products and ii) institutions wait for a certain size threshold before allocating to funds given concentration limits and Sprott is seeing more momentum in this regard (e.g. in its Uranium Trust which has reached $6-billion AUM)."
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