Sprott Introduces Active ETF for Metals and Mining Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 10 2025
0mins
Should l Buy SII?
Source: Newsfilter
Launch of New ETF: Sprott Inc. has introduced the Sprott Active Metals & Miners ETF (METL), an actively managed fund aimed at long-term capital appreciation by investing in various companies within the metals and mining sector, including miners, recyclers, and royalty companies.
Investment Strategy and Management: The ETF employs a value-oriented and contrarian investment strategy, led by a team with extensive experience in the industry, focusing on undervalued companies with strong fundamentals that are currently out of favor with investors.
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Analyst Views on SII
Wall Street analysts forecast SII stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 130.610
Low
119.48
Averages
128.82
High
137.18
Current: 130.610
Low
119.48
Averages
128.82
High
137.18
About SII
Sprott Inc. is a Canada-based global asset manager focused on precious metals and critical materials investments. Its investment strategies include exchange-listed products, managed equities and private strategies. Its segments include Exchange listed products, Managed equities, Private strategies and Corporate. The Exchange listed products segment provides management services to its closed-end physical trusts and exchange-traded funds (ETFs). The Managed equities segment provides management services to its alternative investment strategies managed in-house and on a sub-advisory basis. The Private strategies segment provides lending and streaming activities through limited partnership vehicles. Its Corporate segment provides capital, balance sheet management and enterprise shared services to its subsidiaries. Its subsidiaries include Sprott Asset Management LP, Sprott U.S. Holdings Inc., Sprott Resource Streaming and Royalty Corporation, Sprott Resource Lending Corp. and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement Schedule: Sprott (SII) is set to announce its Q1 2023 earnings before market open on May 6, with consensus EPS estimates at $0.93 and revenue projected at $78.61 million, reflecting a robust year-over-year growth of 81.3%.
- Earnings Forecast Revisions: Over the last three months, Sprott's EPS estimates have seen two upward revisions and one downward revision, indicating fluctuations in analyst confidence regarding the company's profitability, while revenue estimates have experienced one upward revision with no downward adjustments, suggesting optimism about sales growth.
- Historical Performance Review: Historical earnings data reveals that Sprott Inc. achieved a remarkable 146% earnings growth, reinforcing the operational leverage thesis and demonstrating the company's competitive edge and profitability in the market.
- Stock Buyback Plan: Sprott plans to renew its normal course issuer bid, a move that not only aims to enhance EPS but also potentially boosts investor confidence in the company's future performance, further driving stock price appreciation.
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- Increased Offering Size: Sprott Asset Management has announced an increase in the offering size of the Sprott Physical Copper Trust to $500 million, aiming to enhance liquidity and meet investor demand, thereby improving the trust's market competitiveness.
- Sales Agreement Update: The updated sales agreement, effective May 4, 2026, involves multiple agents, including Cantor Fitzgerald and BMO, ensuring effective sales of units in both U.S. and Canadian markets, thereby broadening the investor base.
- Clear Use of Proceeds: The trust intends to use the proceeds from this program to acquire physical copper metal, aligning with its investment objectives and expected to enhance the trust's asset portfolio and long-term return potential.
- Compliance Assurance: The listing of the units on the NYSE and TSX has been approved, ensuring that all issuance activities comply with relevant laws and regulations, which reduces legal risks for investors and enhances market confidence.
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- Dividend Declaration: Sprott Inc. announced a Q1 2026 dividend of $0.40 per share payable on June 3, 2026, reflecting the company's stable cash flow and commitment to shareholder returns.
- Payment Details: The dividend will be paid in Canadian dollars to Canadian resident shareholders based on the spot exchange rate on June 3, 2026, while U.S. and other international shareholders will receive it in U.S. dollars, demonstrating the company's flexibility towards its diverse shareholder base.
- Tax Compliance: This dividend is designated as an eligible dividend for Canadian income tax purposes, indicating the company's transparency and responsibility in tax compliance, which helps to enhance investor confidence.
- Investment Strategy: Sprott focuses on precious metals and critical materials investments, leveraging its expertise and relationships to continually attract investors, thereby solidifying its position in the global asset management sector.
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- Trust Restructuring Approved: The Sprott Physical Copper Trust received 99.521% approval at a special meeting to restructure from a non-redeemable investment fund to a mutual fund, effective May 1, 2026, which is expected to attract more investors.
- Monthly Redemption Feature: The amendments to the trust agreement will change the original semi-annual redemption feature to a monthly one and remove the cap on the number of units that can be redeemed, allowing investors greater flexibility in accessing physical copper, thereby enhancing the trust's market appeal.
- Listing Date Confirmed: The trust's units are expected to begin trading on NYSE Arca on May 4, 2026, under the symbol “SCOP”, providing investors with a direct opportunity to invest in physical copper, catering to the growing market demand.
- Optimistic Copper Demand Outlook: The CEO of Sprott Asset Management indicated that with rapid developments in electrification and AI, the demand for copper is expected to increase significantly, and the trust's listing will offer investors a new investment avenue, further driving growth in the copper market.
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- Earnings Release Announcement: Sprott Inc. plans to release its Q1 2026 financial results on May 6, 2026, highlighting the company's ongoing performance in precious metals and critical materials investments.
- Webcast Details: On the same day at 10:00 a.m. ET, Sprott CEO Whitney George and the executive team will host a webcast to provide an in-depth analysis of the financial results, enhancing investor understanding of the company's performance.
- Investment Strategy Overview: Sprott focuses on investments in precious metals and critical materials, employing a diversified strategy that includes Exchange Listed Products, Managed Equities, and Private Strategies to deliver specialized asset management services to investors.
- Company Background: With offices in Toronto, New York, Connecticut, and California, Sprott is committed to creating value for clients through its deep industry knowledge and experience.
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- Trust Restructuring Plan: The Sprott Copper Trust is set to hold a special meeting on April 30, 2026, where unitholder approval is expected to transition the trust from a non-redeemable investment fund to a mutual fund, enhancing its market flexibility and appeal under Canadian securities laws.
- Exchange Listing Arrangement: Following the restructuring, units are anticipated to begin trading on NYSE Arca under the symbol 'SCOP' on May 4, 2026, which will provide investors with a broader trading platform, enhance liquidity, and potentially attract more investor interest.
- Forward-Looking Statement Risks: The trust's press release highlights that the success of the restructuring and listing is contingent upon unitholder voting outcomes and the effectiveness of the registration statement, indicating that the trust faces market and economic uncertainties that could impact its future performance.
- Sprott Asset Management Background: Sprott is a global asset manager focused on precious metals and critical materials, with investment strategies that include exchange-listed products and private strategies; the restructuring is expected to further solidify its expertise in the copper market and boost investor confidence.
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