Sprott, Canfor at 52-Week Highs

Sprott Inc. (T.SII) hit a new 52-week high of $3.45 Friday. Sprott Announced its financial results for the year ended December 31, 2017. Assets Under Management were $7.3 billion, compared to $9.2 billion as at December 31, 2016. In January 2018, after giving effect to the acquisition of CFCL, total AUM increased to $11.5 billion.

Total net revenues (net of commission expenses, trailer fees, sub-advisor fees and performance fee payouts) were $121.8 million, reflecting a decrease of $11.4 million (9%) from the year ended December 31, 2016. Net income was $37.5 million ($0.16 per share), reflecting an increase of $6.0 million (19%) from the year ended December 31, 2016.

Canfor Pulp Products Inc. (T.CFX) hit a new 52-week high of $15.96 Friday. No news announcements today