TSX:SIICapital Markets
Sprott Share Buyback Approval Puts Capital Return Priorities In Focus
Sprott (TSX:SII) has received approval for a normal course issuer bid to repurchase its common shares.
The NCIB gives the company flexibility to buy back shares on the open market over a defined period, subject to regulatory limits.
The move reflects an updated capital allocation plan that current and prospective shareholders may want to factor into their views on the stock.
Sprott, which last closed at CA$218.45, has seen very strong share price returns in recent years, including 57.3%...