 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 20094 P! L" }, v- U3 H
! {! e3 V& d5 @8 `6 oAbsolute Software (ABT : TSX : $3.36)
- T: {8 E) i& c& {* q) M* I# F/ k: @% oBracing for a tough few quarters
' H/ k* P/ z8 d: x$ UCanaccord Capital maintains "hold", 12-month target price is $4.50
. h8 b: A& ~/ D* c8 m! Z, x, Y6 a+ j& h
Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
7 G6 w& X- r% y( n' f6 ~! s8 E" tGrowth outlook, challenging pipeline and high cost structure make future unclear; ]0 Y, \! g" a- p! p
Blackmont Capital continues "hold", 12-month target price is lowered to $48.00
. Y: M! L3 d1 u; OTD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00; `3 q! e$ {( K% O( P+ X
* [& e, q. m: c' o4 y/ w
Astral Media (ACM.A : TSX : $22.98)
' _: _& s4 _+ h5 t- y0 IReleased Q1/09 results: strong, in light of challenging operating environment1 m9 d$ c# N1 [2 u, U! n
BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00+ u5 `4 n) l, A1 U
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00( H+ Z, M4 q) V* K3 _1 C3 B. s+ g
GMP Securities maintains "buy", 12-month target price is reduced to $30.00* U8 h; E# ~8 {/ s0 I9 v- p0 m
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00 h. r, x$ W! u3 F, W2 ~
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00
: v% z8 b% |3 | J- J
! X }* C3 e/ _ C( QAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)9 a1 y* G( ^4 y7 m3 ]3 \
Well positioned with gold production forecast to double this year and next
( B! R; k/ p- O1 wBlackmont Capital continues "buy", 12-month target price is lowered to $83.00
( b4 N1 U: _2 T4 {# ]TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00" Z# g+ n+ l# I/ K+ ?
/ I2 m0 g6 C4 a5 N9 S8 RARC Energy Trust (AET.UN : TSX : $17.15)4 U) o9 _, W0 y% @6 U+ B2 l
Reduced distributions by 20%; capex also cut# [+ R+ m; F& Q( n4 K. e6 X
RBC Capital Markets continues "outperform", 12-month target price is $19.008 {: N" Y! ?) Y3 w$ e" }0 _6 J
$ T$ V) g2 j% l* A7 u, @9 |9 ^
Andean Resources (AND : TSX : $0.75)
" Z" A; f a, X: b8 r" JAnnounced F09 outlook
( {6 o" j8 h+ |. V/ m6 r, hParadigm Capital continues "speculative buy", 12-month target price is $2.259 n6 Y% ?7 c" j" h b1 b
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
! r' X% r" { |4 W% n. _. F$ w7 n, n
Bombardier Inc. (BBD.B : TSX : $4.65)
A& Z+ q/ F. t0 Y# zRising challenges in Aerospace4 j, k4 K' [6 }% n( E; `; x0 R, G/ ]
GMP Securities continues "buy", 12-month target price is $8.00
5 R0 O, W' x8 U8 r9 V' M4 |2 H$ @" r3 ^5 @( r t' ?; D
Bank of Montreal (BMO : TSX : $31.84)
. y0 k3 { x7 `( {( ~8 N+ @Acquiring AIG's Canadian life insurance business
+ ]- f1 g& K7 I/ |' n3 f7 E% \TD Newcrest continues "hold", 12-month target price is $37.00' t x* J! W! Y
' {9 `" N( a& R; [Cogeco Cable (CCA : TSX : $33.37)1 X) r8 q9 O2 v4 l
Q1 review: Canada results encouraging, but Portugal remains a drag
k, @. P' u8 ZBMO Capital Markets maintains "outperform", 12-month target price is $46.00/ k, T8 y2 D x6 F s
Desjardins Securities continues "top pick", 12-month target price is $40.00
* m" f; g0 F9 l( [& A% ^- @/ rRBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
! R. S9 @6 ?2 P. p! p1 YScotia Capital Markets continues "sector outperform", 12-month target price is $55.00% N0 D3 s3 h% A. s
: r5 c7 x$ @3 d% L0 @Corridor Resources (CDH : TSX : $2.45)
: ], y& f) E+ x! T1 M" cCapital budget set to expected cash flow; production guidance lowered
% L+ O/ n' A" z0 \) l& iRBC Capital Markets maintains "outperform", 12-month target price is $4.25
# V# ]' L) l3 Y1 W6 {
. [6 G b5 J& Y* g6 J& qCOGECO Inc. (CGO : TSX : $25.14)
- a* N5 y: v/ MStrong radio and cable drives 39% EPS growth$ B7 p: s1 S5 B
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
+ O/ a5 k* Z& C3 N4 \6 Z3 @4 I: O4 ~- B+ S) Z* @; B
CanWest Global Communications (CGS : TSX : $0.51)
8 S* f8 n* C: |+ R7 _5 o8 v3 I1 A: _Taking action to address tough operating environment% V; r ^: b0 h7 h0 l
BMO Capital Markets maintains "underperform", no target price reported
! y" Y1 ?% m OCredit Suisse maintains "neutral", 12-month target price is $1.00
# J. L5 l+ ]' t, y* C5 _* IGMP Securities continues "reduce", 12-month target price is $0.50
# G1 X5 {5 F& N! T2 a' |RBC Capital Markets continues "underperform", 12-month target price is $0.75
1 F: B$ V0 I% j3 R" ?" o! fScotia Capital Markets continues "sector underperform", 12-month target price is $0.50
1 J, ^9 J# V @# ]7 y( p4 ^) @; ~5 _- ~% |& C
Corus Entertainment (CJR.B : TSX : $12.47)$ S5 u: z! q$ t& d5 Y
Q1 revenues in line, EPS beat
6 r, k1 L5 z1 m+ Q: `3 SBMO Capital Markets continues "market perform", 12-month target price is cut to $15.00+ ^6 T' a; Q4 ~# g# ^- @
Credit Suisse continues "outperform", 12-month target price is $20.00
! d8 g8 a c5 v9 MDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00
! X; e$ ?5 T& j8 H2 IGMP Securities maintains "buy", 12-month target price is reduced to $17.00; ?2 z% C. v4 A# g, X( m. \
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50' R3 U% @- j' F
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.003 N6 x& I' O' [7 y2 l" i6 {
# E' f2 H; g" S O1 D. M6 V
Calloway REIT (CWT.UN : TSX : $11.84)( u3 L- e$ t' d# Y |
Held investor day! f8 G. f; |' `
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
3 I& ~8 |, T% a* ^0 I5 W+ w k& b& E1 O; o2 f
Daylight Resources Trust (DAY.UN : TSX : $7.77)
) c6 c$ x) g! d6 j+ KReduced distributions by 38%; guided for lower capex
8 }5 ]+ D& c! e1 i2 S- {3 ^BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
$ |* I+ `& [9 A% H3 yDundee Capital Markets continues "buy", 12-month target price is $12.002 E3 E4 A$ [3 X, ?" l1 g9 w
TD Newcrest continues "hold", 12-month target price is $7.50
- |+ f( I: _7 V/ b. E8 E' F; K$ b6 P% ~" L$ T- v% z4 m
EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
8 v |7 a* T$ S5 ]" @) dSteady market and currency tailwind
) {/ P/ j( J) x3 }7 C2 Z% a) jTD Newcrest maintains "buy", 12-month target price is US$5.00
9 e, s" g. P. A; _ ^, d3 T' d( f; h' V0 J C4 \% k( F- {/ v
Goldcorp Inc. (G : TSX : $29.74)
- _4 {3 X" S2 ]' ?& VRevised commodity forecasts, S" \( g0 }; [; P- B" ^# r
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00
4 \0 w+ k; g& C6 j4 {
- z" z0 e* M% b) GHeritage Oil (HOC : TSX : $3.77)
3 o; d' V+ N. h& pAnnounced Ugandan commerciality on exploration success
9 @1 I" L* b7 G: JTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50) |; }2 C. }" r ^
6 T8 ^7 n: D h9 M N( @Harry Winston Diamond (HW : TSX : $4.98): q6 o8 _& g) j. ?0 y2 x
Retail division suffers3 c% @& k$ `( I) n1 I0 j
Desjardins Securities maintains "buy", 12-month target price is $12.60
$ U" j- l8 K2 n6 F. w/ h3 [; j; f* ~: N
Laramide Resources (LAM : TSX : $1.84)
& |6 p* v) h8 @2 m$ R# d% f4 nWestmoreland provided more high grade at Redtree's Jack Lens
& a& U% r/ A/ ?* X/ z- YDundee Capital Markets continues "buy", 12-month target price is $2.30
5 p7 }' `/ M) e* S% Z" f/ @
3 a' }2 P, o+ M3 L0 \Lockerbie & Hole (LH : TSX : $6.00)0 L, k. k+ l# s$ H6 X! N
Released Q3/09 results: very strong, focus should be on active backlog
$ L& f! {1 H a! y- mGMP Securities continues "buy", 12-month target price is $9.00
! ^% o; G1 B C, z7 ORaymond James maintains "market perform", 6-12 month target price is $8.255 i( }/ F9 y3 Z+ e. e
2 K. m( B; ^2 KLivingston Intl Income Fund (LIV.UN : TSX : $6.00)
8 \+ F0 ]& A! M ]4 L2 YReduced distributions by 70%: U% T8 i$ m; Q& a
RBC Capital Markets maintains "outperform", no target price reported' h/ O7 s+ L: s) f6 I0 `2 K! Q
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50. n: z( q$ V" w7 _: J1 I/ Z; t
9 B! L2 E1 v; f, j) O, FMatrikon Inc. (MTK : TSX : $2.04)
7 b: B% b5 t* ?, k' ]. hReleased Q1/09 results: a little light, but still respectable8 c0 s. y* w! c3 d% ~
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
b: }2 u! r/ m& H/ eParadigm Capital maintains "buy", 12-month target price is $4.00* W0 A# k, h5 R7 T3 m( h
0 _- O( B& C. @
Mullen Group Income Fund (MTL.UN : TSX : $10.97)& G" ?3 L! v5 A7 E; e$ M3 p7 j. e
Expecting lower CFPU on higher taxes; _" r2 A1 C, @7 g- s$ x9 o1 ^
BMO Capital Markets continues "outperform", 12-month target price is $18.004 y5 b% [% y/ C1 V8 Z b
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
' ~3 u/ u, k! h7 zTD Newcrest continues "buy", 12-month target price is $17.00
9 M2 d9 [3 a/ Y+ I# l, G" D; |9 y* P( h& t$ e+ e' q g, \3 o
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)5 G7 i2 p1 L& @5 q" g, `
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain
$ _. {7 w! V- [- T$ b, IBlackmont Capital continues "hold", 12-month target price is reduced to $1.25& v& ?$ t$ O9 o3 G4 C- f
Credit Suisse maintains "neutral", 12-month target price is US$1.00, x0 x) }7 _* l1 s8 M" i/ h! }
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.807 a, l$ }1 \. ?; a" l' D
' Y) c) W: D) Y/ x1 BNeptune Tech & Bioresources (NTB : TSX-V : $0.79). P, l0 t. n4 |& ^: q, B
Dietary supplement business facing headwinds
8 @3 ]* E! r* u7 A# s% UParadigm Capital maintains "buy", 12-month target price is reduced to $4.00& P) [- ^6 j+ e" q
1 e/ h$ d5 S6 f+ }3 n# X
Open Range Energy (ONR : TSX : $1.18)
8 ]( f$ a% X" MProvided operational update and F09 guidance, o0 F/ o+ G! F: m! y
Haywood Securities continues "sector outperform", 12-month target price is $3.25+ @8 p. k+ v7 R
& r; j: C/ g. R5 ?8 b3 p8 @: POsisko Mining (OSK : TSX : $3.13)
4 v+ _# f7 N7 l* D, SSouth Barnat resource around the corner
4 F) L+ |" k$ T7 B2 NParadigm Capital continues "speculative buy", 12-month target price is $4.75
, T4 ^ X$ E5 V/ B9 x1 s: N2 ]: X. S2 j5 F, C. A ]3 G1 X
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)' e! k# d- \3 q* O& }, H ?
Provided operational update
, M: b) k$ I! S7 [Blackmont Capital maintains "hold", 12-month target price is lowered to $19.007 ?2 I6 a5 z# @/ Q: J3 O, s* ]
TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50# D. r( f% w# ^5 t8 X o5 b
# N$ a, R- S) C% W6 n6 b% ^
Paramount Resources (POU : TSX : $7.85)3 F; |' l& W$ [7 Z% [3 L0 C
Provided operational update: Grande Prairie emerging as the key focus for F09
5 k' T5 u9 m- w% cGMP Securities maintains "buy", 12-month target price is $12.00
% E" c4 ]- c9 V1 @( ` ]
3 j" P4 B8 T& {) A8 kRockwell Diamonds (RDI : TSX : $0.07)7 v0 f( @) V1 }" ?+ p6 k4 w0 D
Operations starting to turn the corner0 v2 b; Y* P* O8 v5 K. o
RBC Capital Markets maintains "outperform", no target price reported0 }7 ^6 T/ W1 {% f( f$ D3 ~
# Z3 ~; ~- |0 C/ U% }3 d6 p
Shaw Communications (SJR.B : TSX : $20.13)
2 |5 [4 K( Z* k; UReleased Q1/09 results: in line, subscribers ahead* _) R2 Q4 Z. M
Credit Suisse maintains "neutral", 12-month target price is $25.508 S/ m0 b. Y" c
GMP Securities continues "buy", 12-month target price is $26.50; J4 _; T2 P7 A4 n
" x- }! g v! |& VSun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
2 o- l$ V" `+ B5 U. ]Held a sell-side lunch showcasing new U.S. team
4 s$ {, J4 w7 J- _Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00+ h1 ]& F; h1 K
1 b$ P( b' E) E( H7 B' ~8 ~* [3 _6 H( f
Trican Well Service (TCW : TSX : $6.93)+ w5 |0 Z, v; \0 N$ V# m+ ]2 H4 r
Awarded Russian contracts) L, t5 x1 f" b1 N. |' o/ ` q: B
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.754 B( K% T+ v/ M& ^
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00! R# f) p, b5 s9 m6 k9 s& Y
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
# B; K f$ o$ H ^
+ V) C/ @/ K8 u( bSino-Forest Corp. (TRE : TSX : $8.93); p6 v( b3 b& u3 K" P
Chinese furniture exports rose in November
2 a& i' e3 o$ b3 t" g2 U* E4 ^Dundee Capital Markets maintains "buy", 12-month target price is $23.50# |( N9 N- d4 V- V
& [: s( k! e0 }8 ?' fUEX Corp. (UEX : TSX : $0.88)9 m0 Y9 t$ ?. f2 D, Q; U' p( O
Shea Creek's two largest deposits have become one
; y$ W$ x4 h& D c- h! w7 bDundee Capital Markets maintains "buy", 12-month target price is $2.75
$ x' I$ r7 E s* N* R1 L$ v! n7 D
Vero Energy (VRO : TSX : $4.72)
c" k/ A0 c) ]& Y9 B; v; yReleased Q4/08 results: horizontal focus to continue in F09% c9 J* l+ g r+ d+ J8 Z2 k& e# a3 H
Dundee Capital Markets continues "buy", 12-month target price is $8.00
9 W& Q- A8 p: W! t, d! SGMP Securities continues "buy", 12-month target price is $7.50; j+ v i8 }9 W, A n) P6 x
Paradigm Capital continues "buy", 12-month target price is $12.00( m8 T7 o, P4 ?. k j. y' r
RBC Capital Markets maintains "outperform", 12-month target price is $8.50* F8 w5 u7 h6 T- |) J0 ~
) T4 }- I9 d) h4 y4 J5 l
Wi-Lan Inc (WIN : TSX : $1.75)
* v+ Q3 z9 B/ \( q; KHit homerun with Samsung+ l, E! ?" D0 [7 m1 f. V! f6 o" j
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|