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Ear on the Street --- Jan. 16 2009
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2 z% Z, R- _/ y$ PAbsolute Software (ABT : TSX : $3.36)
( a' G G! P" M+ J5 R" _$ I; eBracing for a tough few quarters
) g/ y) \) Q) q0 y4 D0 qCanaccord Capital maintains "hold", 12-month target price is $4.50' p2 e8 H$ x0 i! z
7 H9 Y/ T; ]* @- _. v! Q6 @& O1 yBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)0 D c, S$ L2 A3 Q
Growth outlook, challenging pipeline and high cost structure make future unclear
. ~1 ^6 _4 O" Q f8 w; CBlackmont Capital continues "hold", 12-month target price is lowered to $48.00
- d/ Y$ s+ S( J4 `' d+ ]TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
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Astral Media (ACM.A : TSX : $22.98)
& r0 U1 U$ u/ U. n' z2 H6 HReleased Q1/09 results: strong, in light of challenging operating environment
1 v! E0 r' ^5 g8 `5 w. ^( CBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00: ^. }( i# t4 z6 \: O0 }
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
6 I& p4 v( y2 Z- W% d1 Y: c: gGMP Securities maintains "buy", 12-month target price is reduced to $30.00
0 C, v; g1 ]3 t- t8 X# SRBC Capital Markets continues "outperform", 12-month target price is raised to $31.002 l0 k. W" g% G3 |$ i) a
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00
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Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)$ ^5 c9 j! R4 N) {
Well positioned with gold production forecast to double this year and next
9 `/ U+ ]0 q+ n1 T3 t- |+ c! JBlackmont Capital continues "buy", 12-month target price is lowered to $83.00 |' | _6 Z0 p! b
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
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- V8 h; }5 B1 H# m8 \ARC Energy Trust (AET.UN : TSX : $17.15)
9 ~: V* u5 \) E4 E# p$ E0 KReduced distributions by 20%; capex also cut' {, I `& W+ s) ~# f
RBC Capital Markets continues "outperform", 12-month target price is $19.00
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$ k/ z- A5 J& v- _1 B' A6 yAndean Resources (AND : TSX : $0.75)( v3 G: Y+ s7 I) [( k' j5 R
Announced F09 outlook
8 `/ N+ R- w8 c1 E0 e6 b5 ]Paradigm Capital continues "speculative buy", 12-month target price is $2.253 w1 |4 _* \) f( j0 c" l
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
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% L6 z2 r5 l9 c+ P* rBombardier Inc. (BBD.B : TSX : $4.65)0 f. u+ B- s; y5 l
Rising challenges in Aerospace
& G; p6 h) O g0 w: tGMP Securities continues "buy", 12-month target price is $8.00
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Bank of Montreal (BMO : TSX : $31.84)
2 T0 O! n( z+ m2 d4 I3 uAcquiring AIG's Canadian life insurance business
4 l. W# q# ^* u% a% K5 RTD Newcrest continues "hold", 12-month target price is $37.00! f Q% {5 z4 o9 Z; d9 c, T
8 N3 }, h8 C) TCogeco Cable (CCA : TSX : $33.37)2 b5 i. H; R! G1 }' @1 ^( J9 l) a; s
Q1 review: Canada results encouraging, but Portugal remains a drag
" f0 D! @0 F0 g1 dBMO Capital Markets maintains "outperform", 12-month target price is $46.00
5 v5 \3 E! D# B" ^, h- M3 hDesjardins Securities continues "top pick", 12-month target price is $40.004 r o" V8 t1 T0 \" u
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00. c% z ]6 ?( I8 s' q: k" s8 z& [
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.00
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Corridor Resources (CDH : TSX : $2.45)
0 W: B+ `- D* R6 U0 CCapital budget set to expected cash flow; production guidance lowered4 Z6 c4 n4 j& t8 {
RBC Capital Markets maintains "outperform", 12-month target price is $4.252 s' m1 A, y$ B+ {+ C6 F, n
) a7 R6 I) o$ n# q; ?" ^COGECO Inc. (CGO : TSX : $25.14)
1 n- i' b7 \7 i1 @) m4 }, f5 J' zStrong radio and cable drives 39% EPS growth/ _7 h# g( s. X: @
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
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CanWest Global Communications (CGS : TSX : $0.51); X# c$ v9 G) \0 J
Taking action to address tough operating environment
k1 l6 s" A! h7 F6 [BMO Capital Markets maintains "underperform", no target price reported
9 B0 a. f9 S; M4 gCredit Suisse maintains "neutral", 12-month target price is $1.00
( C0 s' z% o* ^6 \ A' A+ M; eGMP Securities continues "reduce", 12-month target price is $0.50
2 C, a. p6 c7 n% i w; u% fRBC Capital Markets continues "underperform", 12-month target price is $0.757 ?3 y4 Q2 m- ]: p7 h) V
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50
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Corus Entertainment (CJR.B : TSX : $12.47); {$ u# n% r0 ]# @1 C8 J3 a
Q1 revenues in line, EPS beat# S* j! c- m. O8 R; x4 Q) _/ j
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00& J# R+ Y/ k5 D8 f2 a
Credit Suisse continues "outperform", 12-month target price is $20.00
8 ]* D( d, Y6 K8 r% |% c' d4 VDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00
' n6 j$ W; A1 Q I6 D, P+ sGMP Securities maintains "buy", 12-month target price is reduced to $17.00/ l1 e; \0 G Z# n+ \) `
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
. g/ P2 ?- Y' ~Scotia Capital Markets continues "sector outperform", 12-month target price is $18.001 c/ l$ t' L* A: ? N- p8 _
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Calloway REIT (CWT.UN : TSX : $11.84)
, q9 Z _1 [' E/ m3 f9 R! e0 XHeld investor day
6 h2 a+ {) q5 Q; r; `- W( jScotia Capital Markets maintains "sector underperform", 12-month target price is $11.00! |! B* V1 ?( w9 m0 C( u
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Daylight Resources Trust (DAY.UN : TSX : $7.77)
8 J( r8 _( v% SReduced distributions by 38%; guided for lower capex
5 u6 p, {4 R7 l; [0 ?BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
9 k1 j5 Q8 d0 m) {, q0 ~Dundee Capital Markets continues "buy", 12-month target price is $12.00
- a+ S: P+ S) H4 lTD Newcrest continues "hold", 12-month target price is $7.508 V% H$ i; v, L y
. F) U8 P* \$ }* @& x9 V8 h) {( ZEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90) K, l" U9 n! e' |
Steady market and currency tailwind
7 @* ~; p' J3 A8 RTD Newcrest maintains "buy", 12-month target price is US$5.00
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Goldcorp Inc. (G : TSX : $29.74)1 b4 ]/ _. [$ T% @" h# a5 {
Revised commodity forecasts
, O( S) f- u) \, _Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00
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Heritage Oil (HOC : TSX : $3.77)
/ d7 j: ~( S% c! h- S% c/ LAnnounced Ugandan commerciality on exploration success
: z* [4 ~5 }; m) M. Q' b: dTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50: _4 M( Y1 |- I/ S
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Harry Winston Diamond (HW : TSX : $4.98)7 F4 C+ T8 L9 O' A
Retail division suffers
0 c6 L, @) c; j2 D* J3 \Desjardins Securities maintains "buy", 12-month target price is $12.60
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- l6 h3 I8 O* o& e1 S( @Laramide Resources (LAM : TSX : $1.84). X) Z2 p8 \+ W0 E, u& j; e( h
Westmoreland provided more high grade at Redtree's Jack Lens
$ ^4 |% u m4 B$ F7 V/ f. `Dundee Capital Markets continues "buy", 12-month target price is $2.307 F- [& d, u$ E c1 u
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Lockerbie & Hole (LH : TSX : $6.00)
: B: K# b! E' VReleased Q3/09 results: very strong, focus should be on active backlog; h, r4 A+ C" g: v% ^
GMP Securities continues "buy", 12-month target price is $9.00
2 x) p: O T. D/ a' FRaymond James maintains "market perform", 6-12 month target price is $8.25" z2 F9 `) w/ \/ C, p5 s) N
2 F: n+ t4 M. |# E6 B- F6 W4 D; g" pLivingston Intl Income Fund (LIV.UN : TSX : $6.00) A& m# D) i2 u; ~2 s
Reduced distributions by 70%
, r+ V* D, z. u% b3 V8 MRBC Capital Markets maintains "outperform", no target price reported3 s# W, L% l* D+ ?4 ~% N$ B' v
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
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Matrikon Inc. (MTK : TSX : $2.04)4 ]! r- ~+ |- k; _4 ~
Released Q1/09 results: a little light, but still respectable( w* s O5 {: e; t
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.505 _6 |! q0 ?+ ]; `
Paradigm Capital maintains "buy", 12-month target price is $4.003 P5 s+ j8 `9 e m; o. T& y8 E. G
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Mullen Group Income Fund (MTL.UN : TSX : $10.97)9 w. c6 V6 u( Y: O8 C
Expecting lower CFPU on higher taxes
+ i# |/ t& z4 y* JBMO Capital Markets continues "outperform", 12-month target price is $18.00, N4 P& e/ W# _
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
: x8 k6 K4 J2 ]$ p! VTD Newcrest continues "buy", 12-month target price is $17.00
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Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
6 X9 l" e) Y! ?9 ^1 D7 z" C$ M. P! vReleased Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain0 ~( n* ~1 a! \" M. k
Blackmont Capital continues "hold", 12-month target price is reduced to $1.259 @" O$ q1 J5 ^1 ~. u: F
Credit Suisse maintains "neutral", 12-month target price is US$1.00
! p* K; p1 C0 K: }4 ^8 p$ rScotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
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% A: b" E% F# D# m9 d) o3 C" m3 bNeptune Tech & Bioresources (NTB : TSX-V : $0.79)# f1 G2 ]- t2 d
Dietary supplement business facing headwinds* q8 h3 g; }6 _3 Z) _
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.00
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Open Range Energy (ONR : TSX : $1.18), s5 d; `( o6 t2 A I
Provided operational update and F09 guidance
/ c4 w' g1 v- H+ x# U( u- fHaywood Securities continues "sector outperform", 12-month target price is $3.25
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) [" y6 \; }, C# J8 k' wOsisko Mining (OSK : TSX : $3.13)
9 ?8 m/ I; ^1 o6 LSouth Barnat resource around the corner: E+ j5 e* O2 }7 i. N i
Paradigm Capital continues "speculative buy", 12-month target price is $4.75
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" W- X. R6 n) _2 ?+ T: B3 kPan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
/ O P! G' ] G; qProvided operational update
& E6 R: s" Z; [& Z* X8 J3 D8 [Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00; y7 O6 ~' n3 V( V! ~
TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
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Paramount Resources (POU : TSX : $7.85)
/ [5 g" K" E" r" B5 L/ l3 PProvided operational update: Grande Prairie emerging as the key focus for F09, {5 T, b( F5 R' x' y
GMP Securities maintains "buy", 12-month target price is $12.00
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Rockwell Diamonds (RDI : TSX : $0.07)! A$ o! X! D, X4 F, b
Operations starting to turn the corner( q K! J! Z7 j0 B
RBC Capital Markets maintains "outperform", no target price reported
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Shaw Communications (SJR.B : TSX : $20.13)( x5 I ]) Y: l) p) O4 x x
Released Q1/09 results: in line, subscribers ahead
# E, \( }, y% ~" z4 dCredit Suisse maintains "neutral", 12-month target price is $25.503 Z- g4 b) B) p8 z% n
GMP Securities continues "buy", 12-month target price is $26.50
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Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)6 C- n9 s6 i3 W
Held a sell-side lunch showcasing new U.S. team
$ F! \2 ~! L( c- [5 KScotia Capital Markets maintains "sector perform", 12-month target price is $33.00; A; d1 F% }; _$ n4 f# x
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Trican Well Service (TCW : TSX : $6.93). b, F8 j% V) Y8 u) p2 K+ a
Awarded Russian contracts7 G& i3 K& s4 z% W0 K) O5 ~0 P, o/ s5 z
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.75! M0 p+ U# N# [4 r# i8 o
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.007 F2 I+ V; c1 i: R1 }
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00- } c* E6 M8 @- ?9 V
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Sino-Forest Corp. (TRE : TSX : $8.93)
+ f6 K# I, x) X R1 ?4 nChinese furniture exports rose in November
3 a0 p& U2 B4 f5 i+ m, k0 [Dundee Capital Markets maintains "buy", 12-month target price is $23.50
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% S3 B- c P* ]UEX Corp. (UEX : TSX : $0.88)& P9 I! H* I# X& c! y6 [# G' z( d
Shea Creek's two largest deposits have become one% Y9 ?' e6 P4 k" \# h
Dundee Capital Markets maintains "buy", 12-month target price is $2.75
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/ x/ @4 p( ]0 H Q" zVero Energy (VRO : TSX : $4.72)
% c7 r; |! x$ e' Y6 `3 JReleased Q4/08 results: horizontal focus to continue in F09! d. C% x3 i% K$ U* ^/ r/ Z, k& V6 y
Dundee Capital Markets continues "buy", 12-month target price is $8.00
' ?) I9 K" \5 v8 t4 X" w: mGMP Securities continues "buy", 12-month target price is $7.50
% i; S# Y! E* ]" m' UParadigm Capital continues "buy", 12-month target price is $12.00
5 R2 c9 S& b4 lRBC Capital Markets maintains "outperform", 12-month target price is $8.50+ h; {' k9 p0 O
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Wi-Lan Inc (WIN : TSX : $1.75)( L0 s3 C' w- g/ u) h( A
Hit homerun with Samsung+ Y* {- ~5 k. m- \7 J! `
Paradigm Capital continues "buy", 12-month target price is $3.50 |
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发表于 2009-1-18 11:16
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发表于 2009-1-18 21:41
