Sprott Resource Corp. Research Coverage Started at National Bank Financial (SCP)
National Bank Financial assumed coverage on shares of Sprott Resource Corp. (TSE:SCP) in a research note issued on Thursday. The firm set an “outperform” rating and a C$3.80 price target on the stock. National Bank Financial’s target price suggests a potential upside of 16.92% from the stock’s previous close.
A number of other analysts have also recently weighed in on SCP. Analysts at TD Securities raised their price target on shares of Sprott Resource Corp. from C$3.75 to C$4.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Sprott Resource Corp. in a research note on Wednesday, August 6th. They set a “buy” rating and a C$3.75 price target on the stock.
Sprott Resource Corp. (TSE:SCP) opened at 3.25 on Thursday. Sprott Resource Corp. has a 52 week low of $2.23 and a 52 week high of $3.27. The stock’s 50-day moving average is $3.14 and its 200-day moving average is $2.73. The company’s market cap is $318.9 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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