 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
5 o7 g9 X( v& f! n) Z6 i; c: p9 e. Z4 R
Absolute Software (ABT : TSX : $3.36)' F9 ?5 B& t w/ A1 b& q# M2 b/ h
Bracing for a tough few quarters% ^. K9 k+ Y- d0 b, D
Canaccord Capital maintains "hold", 12-month target price is $4.50
; h+ F1 m2 u3 o+ ~; @
1 J3 U6 q, F8 }& W6 NBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
5 W; X1 `, D3 x; w# Q8 z) l' f$ tGrowth outlook, challenging pipeline and high cost structure make future unclear
! [0 N# P$ ~: P: g' `Blackmont Capital continues "hold", 12-month target price is lowered to $48.000 E0 u$ a7 t* y8 y
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
" i( n2 D8 g3 d; l, ]; S/ ]0 M
- D: y' P! x- Y" |; hAstral Media (ACM.A : TSX : $22.98)
0 X5 o6 O$ I/ N/ _ Y( ] m3 Q9 i9 |Released Q1/09 results: strong, in light of challenging operating environment
9 a# G- V! X$ V* r7 rBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
! |; h4 p" }) l9 }Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
8 \2 |- N+ c3 HGMP Securities maintains "buy", 12-month target price is reduced to $30.00" a8 l" x- j8 R
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00
1 y$ `. V$ Z) r$ G. f2 jScotia Capital Markets continues "sector outperform", 12-month target price is $30.00
" k" r7 ^* a* s1 Q9 _3 R9 `/ A n5 C( J' i& t) s
Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)
% n6 _4 o7 ~$ dWell positioned with gold production forecast to double this year and next- e) N4 r7 ^+ |4 B: v9 g
Blackmont Capital continues "buy", 12-month target price is lowered to $83.00
. b. L! `" m# A7 H- D% q' rTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00. h* X! x" f9 u) K5 s
4 m2 s- ?* v! ?3 {
ARC Energy Trust (AET.UN : TSX : $17.15)
! Y" V; Z* T8 v6 s/ J8 nReduced distributions by 20%; capex also cut7 B4 L& M* M& e E0 I+ s* e3 ~
RBC Capital Markets continues "outperform", 12-month target price is $19.005 W N; _9 Z: P, O
0 b- L8 s/ r- l+ B$ w5 T
Andean Resources (AND : TSX : $0.75)
" e2 L, g5 B, ]: g7 h" @( c( f, iAnnounced F09 outlook+ y: B P. Z- b
Paradigm Capital continues "speculative buy", 12-month target price is $2.252 i4 Z- G6 k" d6 {3 |; I
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00: o8 b9 g1 i. o' W8 D7 T
$ B+ M4 K+ v" R1 B. @5 y7 GBombardier Inc. (BBD.B : TSX : $4.65)
. R( H4 v' T2 I3 ~1 h5 HRising challenges in Aerospace+ `; J6 f9 n$ d( b# [
GMP Securities continues "buy", 12-month target price is $8.00# @0 u8 E5 Q1 P+ C* n \! e
( r) Y/ n6 `+ ~# U1 b: FBank of Montreal (BMO : TSX : $31.84)7 E# K5 x/ Y; U* G5 s8 u& G
Acquiring AIG's Canadian life insurance business
" U, P" s3 N/ S4 n; jTD Newcrest continues "hold", 12-month target price is $37.00
; K3 ?1 n( w6 U- @
& T9 @! d7 L b# d" L: cCogeco Cable (CCA : TSX : $33.37)
( M7 X. n7 p4 Q* t4 wQ1 review: Canada results encouraging, but Portugal remains a drag9 S8 y1 i' L: x( p% K
BMO Capital Markets maintains "outperform", 12-month target price is $46.00& i7 e: M7 ~1 x* [- C5 k
Desjardins Securities continues "top pick", 12-month target price is $40.00
6 }& @7 O! C- d! B( cRBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00: c8 |" j( y0 C. o' S* l1 K
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.009 t8 v$ a, N: c5 b* ?
: }1 j2 N$ s, Q, h% D/ m& Y5 }Corridor Resources (CDH : TSX : $2.45)2 L* _; {1 k3 |
Capital budget set to expected cash flow; production guidance lowered# \% b T/ c6 l) \' [) O
RBC Capital Markets maintains "outperform", 12-month target price is $4.25
' g+ k/ M" o* j
, U! t) `4 G0 E8 G/ c0 ]& xCOGECO Inc. (CGO : TSX : $25.14)+ P6 j1 Q7 w O. X
Strong radio and cable drives 39% EPS growth
" `$ ~- x$ |. X) e1 E8 ^) ^9 ?Scotia Capital Markets continues "sector perform", 12-month target price is $45.009 s9 W+ l, G0 k- g
8 Z! {& x9 i# k( @2 r8 t* K
CanWest Global Communications (CGS : TSX : $0.51)
) f# K5 B( k6 y3 ^Taking action to address tough operating environment! V5 B% d7 h C F1 \8 M0 |# f/ u" S
BMO Capital Markets maintains "underperform", no target price reported; n$ T4 G* X. T' @/ Y5 x$ y# n
Credit Suisse maintains "neutral", 12-month target price is $1.00
: W7 |4 s- q2 j7 v1 @) cGMP Securities continues "reduce", 12-month target price is $0.50
+ _ G4 H5 |" Z! w0 T0 tRBC Capital Markets continues "underperform", 12-month target price is $0.75
5 c9 g- b3 I# J7 i$ x& y+ D5 PScotia Capital Markets continues "sector underperform", 12-month target price is $0.502 H$ C1 M6 S/ ]" D3 k1 q
0 K" G5 Y7 M' k1 a l. s* H6 D( u
Corus Entertainment (CJR.B : TSX : $12.47)
. [4 s7 A6 n% \7 [Q1 revenues in line, EPS beat
9 V1 @, ?: u0 n3 bBMO Capital Markets continues "market perform", 12-month target price is cut to $15.001 J. q6 k2 B a, E
Credit Suisse continues "outperform", 12-month target price is $20.00
; d- x b' e- ?5 V/ ~Desjardins Securities maintains "buy", 12-month target price is lowered to $15.006 |% K' k, V, Z# G4 q/ F
GMP Securities maintains "buy", 12-month target price is reduced to $17.00
* w: ?/ B H# _& `5 y4 ERBC Capital Markets maintains "outperform", 12-month target price is raised to $18.506 d+ D% A8 X' l' T/ N
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
% K( Z8 O; t" ^: q6 O( P9 `7 M, u S( i& U9 ?
Calloway REIT (CWT.UN : TSX : $11.84)
- C: i2 n% T2 v6 OHeld investor day' p# Q$ T Q$ V6 O" \9 d
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00* o6 Y1 z3 ]; ^
" ?+ s# e+ }# h/ N' ^5 q O& }; L
Daylight Resources Trust (DAY.UN : TSX : $7.77)
/ h- ?% R [% L% S( lReduced distributions by 38%; guided for lower capex4 B; l" z H- p' y# U: Y$ ~
BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
% t7 C* d8 c: R& WDundee Capital Markets continues "buy", 12-month target price is $12.000 L# `6 p) S& j5 b# l
TD Newcrest continues "hold", 12-month target price is $7.503 z6 }& B% F9 b! t& N7 N" ^; ]
7 |! n; E( d o( x* xEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
3 K' Z5 K# M( \& a) {7 _Steady market and currency tailwind
4 n: C" P0 E" m) y: ~( MTD Newcrest maintains "buy", 12-month target price is US$5.00
, y& G- \/ A, x7 i
) B, ?. X4 P$ Q" l: D0 z- PGoldcorp Inc. (G : TSX : $29.74)
" n9 s! E4 I) E* t$ A0 H; GRevised commodity forecasts6 ^0 F7 o% z- c7 g0 ^# b
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00, M) R- G. e7 z F E% E4 ^! O: p8 p
1 z& t, m( x, `) `- k! ~Heritage Oil (HOC : TSX : $3.77)$ z* f# i6 b& S/ ^1 {
Announced Ugandan commerciality on exploration success& F% h7 | R0 G4 K
TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
& \( G! f% v3 @5 ^$ r
. @3 ]0 H5 h3 l9 ^' z+ t9 VHarry Winston Diamond (HW : TSX : $4.98)
1 x. v- @! E4 x8 [" BRetail division suffers0 Q+ f V# k: M3 F5 J
Desjardins Securities maintains "buy", 12-month target price is $12.60
$ q) |2 _' y% L# w
N1 w4 n( U; {) ~Laramide Resources (LAM : TSX : $1.84)+ k0 i( V9 ~, l; C9 H! F
Westmoreland provided more high grade at Redtree's Jack Lens
- U) q: n5 I h8 w8 CDundee Capital Markets continues "buy", 12-month target price is $2.30" G0 n; f [: l1 ~& ?" k7 C
3 P( _% ^2 P5 ^3 ]8 E6 S2 n
Lockerbie & Hole (LH : TSX : $6.00)0 S: G K6 n/ a. N8 o# e3 P
Released Q3/09 results: very strong, focus should be on active backlog
/ J& L& u/ o) {8 a7 P9 DGMP Securities continues "buy", 12-month target price is $9.00
" ]! ^: H0 _0 C+ ` r/ @Raymond James maintains "market perform", 6-12 month target price is $8.25
8 Y1 r* E g V2 b, e9 ~# F! ^% G! n v4 d* x' L* ^
Livingston Intl Income Fund (LIV.UN : TSX : $6.00)- Q5 `7 g/ B1 {. l6 @% P
Reduced distributions by 70%1 G5 o2 B0 Q# X# g. t7 v. |
RBC Capital Markets maintains "outperform", no target price reported, {" m/ j) I1 {1 Z( [7 M6 b
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
& v! ~" Q8 y4 p* X# Y2 d. t3 }: N3 \6 r* O, j
Matrikon Inc. (MTK : TSX : $2.04)
* c2 ?7 B' N7 ^ |6 rReleased Q1/09 results: a little light, but still respectable
; t. s' R4 j; c9 r/ x1 GBMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
( B5 K! G" K; LParadigm Capital maintains "buy", 12-month target price is $4.00
* H" `( O! H; _2 O/ `5 }# s3 p! I% H0 _
Mullen Group Income Fund (MTL.UN : TSX : $10.97)& }& M& }) O5 @4 ]* O& S
Expecting lower CFPU on higher taxes/ x6 R% n% O# x/ u$ c% x
BMO Capital Markets continues "outperform", 12-month target price is $18.00' e% {5 X' S6 T9 `6 N4 z
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
0 K7 K+ g1 |- z% X7 b# QTD Newcrest continues "buy", 12-month target price is $17.00
# W: H, Y5 V& ?. W a8 D5 V7 L* h3 J
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)6 J0 g R- G- x" b- L4 j% E
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain
9 `/ a* v) r" L8 _Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
1 A5 P6 L5 i4 m$ UCredit Suisse maintains "neutral", 12-month target price is US$1.00
# {% c& m) l# E6 nScotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
* Z7 Z0 b' o" Q$ s f- ~6 s0 g, k5 A1 r& J3 m5 b. [0 T0 R
Neptune Tech & Bioresources (NTB : TSX-V : $0.79)
5 C' K: g! x# g0 D' N8 rDietary supplement business facing headwinds
. Y- c# V6 K# N* U- F/ uParadigm Capital maintains "buy", 12-month target price is reduced to $4.00
9 a. X a- B6 ?2 ], X w
4 Q) c7 ` ]& l) O: J. i. x: j4 \- IOpen Range Energy (ONR : TSX : $1.18)0 g' n0 t' T6 q1 z7 M+ b1 h
Provided operational update and F09 guidance
) |( r( g, T+ L8 }6 Y! P t! |* O" _Haywood Securities continues "sector outperform", 12-month target price is $3.25
) R, [* L1 ]1 w7 H) S+ p! b, `; T& b( z& f
Osisko Mining (OSK : TSX : $3.13)
; t$ e, c" N+ i8 q* b# gSouth Barnat resource around the corner
3 a0 d( `2 C) z% QParadigm Capital continues "speculative buy", 12-month target price is $4.75# L5 }) ?- \! }! R
6 Y h( m0 x7 y' M" ?% C
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
/ c+ l1 w* d; y( a, jProvided operational update
- C- n5 {3 t# Z! M6 c2 ?Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
. k2 K( D7 d7 ?. [4 j" Z" N2 a6 wTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
9 F9 v0 J/ N/ z( ?. ^8 {3 ?( D6 m+ w& G5 f4 f
Paramount Resources (POU : TSX : $7.85)
' ?5 h. d# p- X# F: O6 _6 NProvided operational update: Grande Prairie emerging as the key focus for F09
# ~* i9 H9 T+ Q; n" ~GMP Securities maintains "buy", 12-month target price is $12.00
& l& @1 _. y+ m9 Q; r9 R
& C0 }- E+ ^3 H( v9 J! |Rockwell Diamonds (RDI : TSX : $0.07)
7 T8 k0 c* ?$ j- NOperations starting to turn the corner
- Z+ |8 o8 r B7 `1 WRBC Capital Markets maintains "outperform", no target price reported
1 Q6 q( g! t+ M0 S& G, y: |
% X* S0 f, z& u( S; C# |# Z0 R! KShaw Communications (SJR.B : TSX : $20.13)
9 {# o2 s5 n' Y) E7 |Released Q1/09 results: in line, subscribers ahead3 F# j3 `6 Y( a! I2 d, i
Credit Suisse maintains "neutral", 12-month target price is $25.50+ g( {6 k6 T0 p! |# S& ?, K
GMP Securities continues "buy", 12-month target price is $26.50
* W4 t+ ?7 N" e$ w. W [, P' F4 W" [) t$ l) U
Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)+ W+ f& ~8 k4 k# a2 F- m0 Z
Held a sell-side lunch showcasing new U.S. team
. L5 j6 b. [$ C7 [Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00
! G9 E4 K5 D' v) ^5 @7 d# k( {
?2 ~2 n: ]% h4 D5 S- [Trican Well Service (TCW : TSX : $6.93)
3 J$ z* b) d' [- \Awarded Russian contracts
1 A4 Q; r; i0 zBlackmont Capital maintains "hold", 12-month target price is reduced to $8.75* l8 N) e7 r) J" W7 D
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
3 }" w3 h) b; s! X! k& tRBC Capital Markets maintains "sector perform", 12-month target price is $10.004 J+ a1 n/ U+ g5 f6 E' l. h7 Q4 O7 K
1 l! _0 C) F1 N O4 ?Sino-Forest Corp. (TRE : TSX : $8.93)
/ O* P4 E8 Q% m9 pChinese furniture exports rose in November
9 {, m8 _5 A. }$ P( U" x% UDundee Capital Markets maintains "buy", 12-month target price is $23.50
7 a: @) r; B9 n1 h, r# U$ V; S- _" {9 j) P
UEX Corp. (UEX : TSX : $0.88)+ M- f2 `* U: A' t; k
Shea Creek's two largest deposits have become one9 J; X- q0 G7 ~
Dundee Capital Markets maintains "buy", 12-month target price is $2.75
* r0 ~0 N/ _+ l7 e' \& {! t; ~5 l1 J, T `2 c/ C, ^1 o* R6 j
Vero Energy (VRO : TSX : $4.72)' B" d% E" m) V' I: t
Released Q4/08 results: horizontal focus to continue in F09- _, A, [7 t* N
Dundee Capital Markets continues "buy", 12-month target price is $8.00) O# S) K2 I0 C
GMP Securities continues "buy", 12-month target price is $7.50
# ~5 o( N5 J z* d7 SParadigm Capital continues "buy", 12-month target price is $12.00& h1 s+ s' B8 V5 ~2 a
RBC Capital Markets maintains "outperform", 12-month target price is $8.50
! ~0 R# r0 W. _) n) }( K8 @) G0 }8 V, P
Wi-Lan Inc (WIN : TSX : $1.75)! ^( B9 o) L* E$ y' M
Hit homerun with Samsung1 b1 _# f( R2 f8 J
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|