Sprott Asset Management Announcement: Sprott Asset Management has updated its at-the-market equity program to issue up to U.S.$2 billion of units for the Sprott Physical Gold Trust, which primarily invests in physical gold bullion.
Sales Agreement Details: The sales will be conducted through a revised sales agreement with various agents, allowing for market price sales on the NYSE and TSX, with specific restrictions on advertising and solicitation in Canada.
Use of Proceeds: Proceeds from the ATM Program will be used to acquire physical gold bullion, aligning with the Trust's investment objectives and operational guidelines.
Forward-Looking Statements: The announcement includes forward-looking statements regarding investor demand and market conditions, with a cautionary note about the inherent risks and uncertainties that could affect the Trust's performance.
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.
0 Analyst Rating
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.
0 Buy
0 Hold
0 Sell
Current: 37.560
Low
Averages
High
Current: 37.560
Low
Averages
High
No data
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.
