Sprott Resource Lowered to Hold at TD Securities (SCP)
Sprott Resource (TSE:SCP) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They currently have a C$4.50 price target on the stock, down from their previous price target of C$5.00. TD Securities’ target price would suggest a potential upside of 73.75% from the company’s current price.
Shares of Sprott Resource (TSE:SCP) traded up 0.78% during mid-day trading on Tuesday, hitting $2.59. 69,648 shares of the company’s stock traded hands. Sprott Resource has a one year low of $2.23 and a one year high of $4.10. The stock’s 50-day moving average is $2.5 and its 200-day moving average is $2.51. The company’s market cap is $255.3 million.
Sprott Resource Corp. (TSE:SCP) is a Canada-based company that invests and operates through its subsidiaries in the natural resource sector.
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