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Ear on the Street --- Jan. 16 2009
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/ @2 n( W' f2 {- N- c" `Absolute Software (ABT : TSX : $3.36)0 N C4 ^' _9 v8 D
Bracing for a tough few quarters
4 z5 [& ]+ L8 `$ NCanaccord Capital maintains "hold", 12-month target price is $4.50
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Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)' z+ ]$ j* k! W
Growth outlook, challenging pipeline and high cost structure make future unclear
4 Y6 O, z$ z) B; V. v1 d5 s" ]Blackmont Capital continues "hold", 12-month target price is lowered to $48.00
4 {$ ~8 R4 w E: XTD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
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Astral Media (ACM.A : TSX : $22.98)$ X% [3 M1 J+ U7 M! w& i1 |
Released Q1/09 results: strong, in light of challenging operating environment% t, Y! w1 l. t( ]1 {, c
BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.007 _$ j# j# n9 ~( |7 G* u
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.000 k4 ^. D8 d% g6 r( B `
GMP Securities maintains "buy", 12-month target price is reduced to $30.00; j- C& S8 m; d d+ E+ g
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.006 \( ?+ y/ [) R6 G* J
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00
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" F- Z+ _; B& I' m. W; qAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)! l; W$ o# y' j
Well positioned with gold production forecast to double this year and next! ]! _; O( d' c; F+ _
Blackmont Capital continues "buy", 12-month target price is lowered to $83.00/ V1 J. B4 n! z: p# S
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.006 p! C1 }/ A/ J$ F6 a& y
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ARC Energy Trust (AET.UN : TSX : $17.15)7 k$ d2 m3 \0 |: Q1 _ v% n0 V& A
Reduced distributions by 20%; capex also cut. p9 `4 c5 t3 f8 `
RBC Capital Markets continues "outperform", 12-month target price is $19.004 x0 c0 f M7 W+ Z1 G
# i2 d" Z' b1 m hAndean Resources (AND : TSX : $0.75)& a- \/ D9 C% R5 ~) ~- w( l+ A. ^
Announced F09 outlook) w$ {. ?9 B5 o; \9 b7 n! \
Paradigm Capital continues "speculative buy", 12-month target price is $2.25
. A- K8 c( k+ O C& N1 eTD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
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Bombardier Inc. (BBD.B : TSX : $4.65) V4 v$ `4 V% t7 v$ O
Rising challenges in Aerospace
8 ?) _* j% I0 aGMP Securities continues "buy", 12-month target price is $8.00
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' c5 ?$ Y9 ?: ^+ `2 z& HBank of Montreal (BMO : TSX : $31.84)& x! N+ c- V7 b( J6 g
Acquiring AIG's Canadian life insurance business3 ?, Z1 l8 @! r$ m$ Z& H1 H f
TD Newcrest continues "hold", 12-month target price is $37.00
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! \, a' |" Z+ l6 y- xCogeco Cable (CCA : TSX : $33.37)
5 e1 U* ^0 J* i9 w4 gQ1 review: Canada results encouraging, but Portugal remains a drag% i# Q5 r) F- m8 t& i" Z/ H
BMO Capital Markets maintains "outperform", 12-month target price is $46.001 |' X0 [- ^: O7 t- y
Desjardins Securities continues "top pick", 12-month target price is $40.00# a; K: u: h! k$ ?: o: d
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
A! f* ~7 c% X# {1 Q/ EScotia Capital Markets continues "sector outperform", 12-month target price is $55.00
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Corridor Resources (CDH : TSX : $2.45)7 U( s# }! E+ {5 b- j- a; i2 @- ~
Capital budget set to expected cash flow; production guidance lowered
9 T+ C, u6 a j4 L5 h8 mRBC Capital Markets maintains "outperform", 12-month target price is $4.257 W: K5 _% S. Y
* j1 Q% p4 M$ s; ZCOGECO Inc. (CGO : TSX : $25.14)
6 @+ K) `# S2 q" Z% r4 @Strong radio and cable drives 39% EPS growth
4 n! |% j! [/ J3 PScotia Capital Markets continues "sector perform", 12-month target price is $45.00
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CanWest Global Communications (CGS : TSX : $0.51)
% \7 n4 _* {) q0 z6 u4 }2 \( aTaking action to address tough operating environment
- D1 H6 F) N2 }BMO Capital Markets maintains "underperform", no target price reported2 H6 L) V& \. e) r4 r% {" U. s
Credit Suisse maintains "neutral", 12-month target price is $1.00
# D# v5 s* F8 L+ O& p& |( `GMP Securities continues "reduce", 12-month target price is $0.50
* w3 I9 }- F4 o7 f5 h/ TRBC Capital Markets continues "underperform", 12-month target price is $0.75
# {% v9 C( c% R7 g- ]- G: ZScotia Capital Markets continues "sector underperform", 12-month target price is $0.50
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Corus Entertainment (CJR.B : TSX : $12.47)
4 f$ ]3 e* ^5 o9 m! gQ1 revenues in line, EPS beat: J( v; M, Q* u5 q' \
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.001 b" h* k. p0 Q
Credit Suisse continues "outperform", 12-month target price is $20.00
8 U' a& @% w# m0 M" NDesjardins Securities maintains "buy", 12-month target price is lowered to $15.001 s( s" i7 [7 t1 W! {3 J9 g
GMP Securities maintains "buy", 12-month target price is reduced to $17.00) Z8 K0 v1 M- e0 `8 a* I
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50. y, Q! M! B! l( ? u
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00* @/ h' k8 w7 J- w( o4 l% h, j" i
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Calloway REIT (CWT.UN : TSX : $11.84)
; Z1 x3 R; _ G& U( v7 xHeld investor day
+ Z V! g. }/ A: ^4 i# ~Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
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. ~7 K! E4 j$ x) v# ]Daylight Resources Trust (DAY.UN : TSX : $7.77)) J+ O$ K* I: K) V0 I0 G0 i
Reduced distributions by 38%; guided for lower capex& k( \/ Z6 a1 V; C
BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00) f( V/ a1 K% z g
Dundee Capital Markets continues "buy", 12-month target price is $12.00
3 M2 i2 t# k" _: \; y2 G) [) ], GTD Newcrest continues "hold", 12-month target price is $7.500 N# l: b7 C9 q9 N1 N
+ Y6 \; h' |' ], d0 }/ e jEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)+ ?( l7 _7 B& R
Steady market and currency tailwind2 b! J# s# l& |1 y( @' J
TD Newcrest maintains "buy", 12-month target price is US$5.00
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- P1 X# x/ K) BGoldcorp Inc. (G : TSX : $29.74)
2 f" G U/ q4 d, E" R! }# DRevised commodity forecasts K0 F" I5 d% i7 o: f& P2 K. ` c$ J
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00; `- z! M7 n" Y! C0 A
, b& g- u: B- e8 f( UHeritage Oil (HOC : TSX : $3.77): R+ P& i) V! ^" f2 U C
Announced Ugandan commerciality on exploration success
' E) G2 N; E5 s* l' OTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
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Harry Winston Diamond (HW : TSX : $4.98)
8 o, E4 F. A9 Z$ b7 `. rRetail division suffers/ Z, z! C, n o( _5 h1 T9 A
Desjardins Securities maintains "buy", 12-month target price is $12.60
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' @7 S9 x4 L3 c$ ?( Q" v5 y* PLaramide Resources (LAM : TSX : $1.84)
' \+ o6 b3 y# F! U5 zWestmoreland provided more high grade at Redtree's Jack Lens2 r7 p$ Y& y2 d/ w
Dundee Capital Markets continues "buy", 12-month target price is $2.30% U. C0 X5 d: f
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Lockerbie & Hole (LH : TSX : $6.00)
* d6 A, z5 o+ Q5 F7 ^Released Q3/09 results: very strong, focus should be on active backlog/ j. |8 G4 s3 z1 ~% {/ y
GMP Securities continues "buy", 12-month target price is $9.00
) \, ]% I- b% ^. x" j: o8 o' w' Y- fRaymond James maintains "market perform", 6-12 month target price is $8.256 c; Z% b% v3 `+ _
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Livingston Intl Income Fund (LIV.UN : TSX : $6.00)
! u- t+ d* I* x) V# E" h0 wReduced distributions by 70%, g) r) R) _' E) f8 ]. m
RBC Capital Markets maintains "outperform", no target price reported+ V: l }6 r3 n3 i' l) w
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
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Matrikon Inc. (MTK : TSX : $2.04)8 N; w) j( Z' x L% H d
Released Q1/09 results: a little light, but still respectable1 R# L& m) S, F# Z$ s3 U: ?
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.501 S7 o2 p L1 B/ a" h" p2 |
Paradigm Capital maintains "buy", 12-month target price is $4.00
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( ~, ], I H, ~Mullen Group Income Fund (MTL.UN : TSX : $10.97)
+ |( w/ S; J. pExpecting lower CFPU on higher taxes
) X0 j+ z6 Z( @2 P- ?BMO Capital Markets continues "outperform", 12-month target price is $18.00
# I- ?8 Z3 @/ RRBC Capital Markets continues "sector perform", 12-month target price is $12.008 I. l0 J0 R! P3 V, K" H+ ]
TD Newcrest continues "buy", 12-month target price is $17.00
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Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
# s6 }$ J. b* m* S/ y# P- ^Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain* _# P0 r% j8 ]9 Z# J- n) W
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25/ W r& a' P: B# o
Credit Suisse maintains "neutral", 12-month target price is US$1.00( m* k0 a! F' x2 R2 J- O- w* }) J
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
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2 H) P3 Q% I) M0 T% @0 J; }Neptune Tech & Bioresources (NTB : TSX-V : $0.79)1 A& z9 H7 y" g' y1 [9 w" H
Dietary supplement business facing headwinds
# p/ N" r8 V' {: b5 W2 @Paradigm Capital maintains "buy", 12-month target price is reduced to $4.008 C- H1 w- {( H, Q$ b" t
( i; Q3 c; k; \& ~' {3 [$ ~Open Range Energy (ONR : TSX : $1.18)
: _3 J8 H7 c) S7 FProvided operational update and F09 guidance
) Y: ~9 K( X7 j. P5 g1 b: n- ^Haywood Securities continues "sector outperform", 12-month target price is $3.25, D% c3 t. t( Q# s8 V5 J
* e) k" S: g0 s$ S% R* E1 Z8 e' oOsisko Mining (OSK : TSX : $3.13)+ V: I! k& Q2 a4 ~5 K' A
South Barnat resource around the corner; C: o; Q9 c3 R) W
Paradigm Capital continues "speculative buy", 12-month target price is $4.75$ E# Y* v" O# X+ _2 u$ ]2 p* g
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Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
$ f* V3 s; h7 i! F6 I1 X3 `- TProvided operational update
+ z" f- g/ ?& \; s4 k2 G+ RBlackmont Capital maintains "hold", 12-month target price is lowered to $19.001 a% g% W p+ q4 y" S7 r9 d
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)
( K- `- V- j) b7 v" HProvided operational update: Grande Prairie emerging as the key focus for F09! p2 C! R& [9 R' {. ~
GMP Securities maintains "buy", 12-month target price is $12.00, Q# e, h- f9 m3 P3 w
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Rockwell Diamonds (RDI : TSX : $0.07)* U" T+ V) q! t5 t
Operations starting to turn the corner
3 f; p, }9 R. h6 I: R' D; ^6 T$ \RBC Capital Markets maintains "outperform", no target price reported% K( c+ e4 ^. t8 B/ N4 h' q
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Shaw Communications (SJR.B : TSX : $20.13)
; a& X. L! }* P: W1 oReleased Q1/09 results: in line, subscribers ahead
$ T/ _ B. h0 r5 G) {Credit Suisse maintains "neutral", 12-month target price is $25.50* e2 b* O7 v* u- D! k* ^2 B
GMP Securities continues "buy", 12-month target price is $26.504 y: V: w$ I$ s# q
4 y. ~% a( I3 |! jSun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
% g u: ?5 u6 q5 M8 C9 `9 g8 KHeld a sell-side lunch showcasing new U.S. team
e% ^9 o; f/ E+ T. vScotia Capital Markets maintains "sector perform", 12-month target price is $33.009 }( f: ~* \0 n
+ D" v. f ?8 O0 B7 }4 yTrican Well Service (TCW : TSX : $6.93)" h. u* i' A$ K$ Z1 B
Awarded Russian contracts
; X7 [! j* p/ d; dBlackmont Capital maintains "hold", 12-month target price is reduced to $8.753 |: {6 o. r( M& s( j( t" P' f' q9 i
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
% X- S/ ^8 n; E# y C4 g7 JRBC Capital Markets maintains "sector perform", 12-month target price is $10.004 m: W1 r% P/ F. u2 i
* `3 [/ b: p+ M! m3 k3 OSino-Forest Corp. (TRE : TSX : $8.93)- r+ z- l0 O C5 t
Chinese furniture exports rose in November* v* X5 X: @ S6 A
Dundee Capital Markets maintains "buy", 12-month target price is $23.506 u; j$ ?7 K+ I
4 z3 m1 ?7 w' m- w, \# R$ gUEX Corp. (UEX : TSX : $0.88)
$ K, [3 ^8 D! A+ eShea Creek's two largest deposits have become one) F5 Z, N( G0 {' o) d
Dundee Capital Markets maintains "buy", 12-month target price is $2.75
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Vero Energy (VRO : TSX : $4.72)
+ U0 ?, n, M7 s& jReleased Q4/08 results: horizontal focus to continue in F09/ x/ f3 N j0 j3 E8 x- b( [
Dundee Capital Markets continues "buy", 12-month target price is $8.00) {, S0 P9 A# c
GMP Securities continues "buy", 12-month target price is $7.501 K5 x1 Q8 s( d$ o8 _9 R
Paradigm Capital continues "buy", 12-month target price is $12.00
$ I0 x( |8 P, s) B7 V1 e4 GRBC Capital Markets maintains "outperform", 12-month target price is $8.50
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) W4 y9 n |6 L; f$ }5 gWi-Lan Inc (WIN : TSX : $1.75)
9 Y* Y `; Y) y/ `Hit homerun with Samsung, h1 X, I- v8 g( k; R
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
