Sprott Physical Gold Trust expands at-the-market equity program by $1 billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2025
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Source: SeekingAlpha
Sprott Physical Gold Trust Update: The Sprott Physical Gold Trust has announced an update to its at-the-market equity program, allowing it to issue an additional $1 billion of units in the U.S. and Canada.
Use of Proceeds: The Trust plans to use the proceeds from this program to acquire physical gold bullion, aligning with its investment objectives and operational restrictions.
Analyst Views on PHYS
Wall Street analysts forecast PHYS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PHYS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 37.560
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Current: 37.560
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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.
