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Equities research analysts at Canaccord Genuity started coverage on shares of Sprott Resource (TSE:SCP) in a research note issued to investors on Wednesday. The firm set a “buy” rating and a C$3.75 price target on the stock. Canaccord Genuity’s target price points to a potential upside of 22.15% from the company’s current price.

Sprott Resource (TSE:SCP) opened at 3.07 on Wednesday. Sprott Resource has a 52 week low of $2.23 and a 52 week high of $3.73. The stock’s 50-day moving average is $3.12 and its 200-day moving average is $2.69. The company’s market cap is $302.1 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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