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Ear on the Street --- Jan. 16 2009
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Absolute Software (ABT : TSX : $3.36)& N2 U: Q' J8 `3 n3 R3 h1 q+ t' {
Bracing for a tough few quarters
' X8 A1 g, o5 ^9 n, tCanaccord 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)8 R" Z& q- K( V6 u6 {
Growth outlook, challenging pipeline and high cost structure make future unclear
' y1 K* M1 Q3 J) z" z0 rBlackmont Capital continues "hold", 12-month target price is lowered to $48.00" ~+ o3 l: {7 m6 A# u
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00* O9 p5 w+ T+ U& C
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Astral Media (ACM.A : TSX : $22.98). P( E, n# K* h% U- x
Released Q1/09 results: strong, in light of challenging operating environment' V) P, ?) T, ^* @
BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00/ G2 g9 q7 z+ _1 V6 _. J1 D6 P
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
9 E6 y' I& d4 \/ l5 q" V4 zGMP Securities maintains "buy", 12-month target price is reduced to $30.00- b" \2 P G4 I
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00
3 D: W! r7 k: G. |- {: ~+ E6 MScotia 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)
/ M2 k8 S8 s0 E( TWell positioned with gold production forecast to double this year and next
' C. \3 j& E4 c8 ?+ m5 L" YBlackmont Capital continues "buy", 12-month target price is lowered to $83.00* R. v1 N, A8 I8 e" e: Z% J
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
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ARC Energy Trust (AET.UN : TSX : $17.15)
9 h) A9 b. m' m; Q4 t* MReduced distributions by 20%; capex also cut
" z" w8 P% ]1 ^RBC Capital Markets continues "outperform", 12-month target price is $19.00
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! d) i# m# b: l- d4 Y: y5 JAndean Resources (AND : TSX : $0.75): g& [' o' _' P
Announced F09 outlook* Y( X1 M* V/ }' H
Paradigm Capital continues "speculative buy", 12-month target price is $2.25
: J; k& ~/ D: C/ V) o- k. u9 {" gTD Newcrest downgrades to "hold", 12-month target price is cut to $1.00& m; ]1 b- m. F4 D9 O( W3 v e2 a
9 i2 U. g$ V' G/ E7 @Bombardier Inc. (BBD.B : TSX : $4.65)/ {' I5 q2 _2 C6 r6 H% d* ~& P
Rising challenges in Aerospace! h9 x. {$ H0 y; `: h
GMP Securities continues "buy", 12-month target price is $8.00
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Bank of Montreal (BMO : TSX : $31.84)# p+ X: V, V# y3 f+ A1 S
Acquiring AIG's Canadian life insurance business
5 [$ w8 Q* `/ ^( @, OTD Newcrest continues "hold", 12-month target price is $37.00
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Cogeco Cable (CCA : TSX : $33.37)
# X$ a; o) ?$ y% Y$ A% \Q1 review: Canada results encouraging, but Portugal remains a drag
( c' n0 B8 R2 z; OBMO Capital Markets maintains "outperform", 12-month target price is $46.00
9 A2 }. _2 _0 r# ?# x4 N2 tDesjardins Securities continues "top pick", 12-month target price is $40.00+ u) R9 }* T% L
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
$ W( _( [4 D$ E9 @5 mScotia Capital Markets continues "sector outperform", 12-month target price is $55.00
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?: T# k& |2 R: M: \Corridor Resources (CDH : TSX : $2.45)2 y* _3 H1 `2 D3 F/ H
Capital budget set to expected cash flow; production guidance lowered
4 Z% c. t1 H: ?8 s- j% E6 H! E- G1 bRBC Capital Markets maintains "outperform", 12-month target price is $4.257 U7 y* Z) S! W0 R1 Y# u
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COGECO Inc. (CGO : TSX : $25.14)
2 {* M$ V0 n$ ^Strong radio and cable drives 39% EPS growth
9 A% N/ Y1 }9 ?% l1 d% hScotia Capital Markets continues "sector perform", 12-month target price is $45.00
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CanWest Global Communications (CGS : TSX : $0.51)
. p! q0 n3 u6 Y0 f+ Z4 ^/ YTaking action to address tough operating environment
! @3 u" _/ D* S, a+ OBMO Capital Markets maintains "underperform", no target price reported
. K$ e* T5 f5 {Credit Suisse maintains "neutral", 12-month target price is $1.00* w8 e) ]" f, {% ^8 a
GMP Securities continues "reduce", 12-month target price is $0.504 @1 W! }' X9 }. Q5 B, h- k
RBC Capital Markets continues "underperform", 12-month target price is $0.75( f- d) E1 n- W2 {0 v
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50
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Corus Entertainment (CJR.B : TSX : $12.47)
' e- O% Z3 X, n% M7 S/ i' j HQ1 revenues in line, EPS beat. u$ I: r" ]+ N. \" m- e7 n: T
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00. W, w" H6 ^4 ~& p4 A4 d( S
Credit Suisse continues "outperform", 12-month target price is $20.00
% Y2 Z/ k+ u% n+ B& h, tDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00$ k2 `' v" V2 a
GMP Securities maintains "buy", 12-month target price is reduced to $17.00' C( S) @+ _: {5 s: p6 b
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
9 z$ l3 h M# z. G& {Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00+ E5 p3 S2 ?& k8 [
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Calloway REIT (CWT.UN : TSX : $11.84)4 T1 ~7 D& W' V) ^
Held investor day% I3 P. ?; w. k L0 L
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
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# R x2 v9 v0 B- S* GDaylight Resources Trust (DAY.UN : TSX : $7.77)
; Q; I5 h% l- @7 ]9 H' AReduced distributions by 38%; guided for lower capex
; `1 s/ C: S4 {7 e b8 YBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
2 U) d' U1 ]% e% J. t8 qDundee Capital Markets continues "buy", 12-month target price is $12.00
7 \& V# h6 K/ l1 b7 N3 ITD Newcrest continues "hold", 12-month target price is $7.50
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EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)! w( Q" S8 l' _: }- N& j4 E
Steady market and currency tailwind
/ D ~3 _+ t$ n1 tTD Newcrest maintains "buy", 12-month target price is US$5.00
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) z1 V4 Y( g$ xGoldcorp Inc. (G : TSX : $29.74)
0 X- q# L6 g2 U4 C( }+ ZRevised commodity forecasts& x$ [7 T" x: x$ a" g
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00% X( u- Q/ }6 y; ]- ~+ v+ y
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Heritage Oil (HOC : TSX : $3.77)7 _! V. D0 G: Q" ]* F% c! F
Announced Ugandan commerciality on exploration success
* u9 F+ v! G) x fTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
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Harry Winston Diamond (HW : TSX : $4.98)
3 t, H7 @) x+ ^' QRetail division suffers; d5 s9 p }6 {+ |; \, G
Desjardins Securities maintains "buy", 12-month target price is $12.60
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Laramide Resources (LAM : TSX : $1.84), V. |- {% g: u& Q) h
Westmoreland provided more high grade at Redtree's Jack Lens
! a2 F% A1 V+ v. K! c9 T) e0 lDundee Capital Markets continues "buy", 12-month target price is $2.30
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Lockerbie & Hole (LH : TSX : $6.00)8 I1 _- a( L ]5 j4 K
Released Q3/09 results: very strong, focus should be on active backlog
k. \+ M% p; B: ^GMP Securities continues "buy", 12-month target price is $9.00! H- a6 ]$ w S! G' H( O7 g" J
Raymond James maintains "market perform", 6-12 month target price is $8.25
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% U6 l9 u: H _2 L( dLivingston Intl Income Fund (LIV.UN : TSX : $6.00)
+ _6 e7 H/ d) N" Z% c: h4 JReduced distributions by 70%
' P* G+ ` \3 R7 K: |RBC Capital Markets maintains "outperform", no target price reported- T! O9 j8 R1 X5 G. j4 \
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
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Matrikon Inc. (MTK : TSX : $2.04)
/ I( V9 {* ?. V( O7 K; m. FReleased Q1/09 results: a little light, but still respectable$ z% s$ H* j+ O5 R2 l7 h
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50; l6 I0 m9 M( p# d
Paradigm Capital maintains "buy", 12-month target price is $4.00
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! P" g) ~# q5 F1 |! m5 G5 VMullen Group Income Fund (MTL.UN : TSX : $10.97)
& U% ]" J1 u1 z( g' l: c% PExpecting lower CFPU on higher taxes0 p D8 A9 c, P, R% \) l8 u
BMO Capital Markets continues "outperform", 12-month target price is $18.003 [- R# Y' f6 R, ^, V
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
- j% s7 \+ q) J- p1 `, T/ ITD Newcrest continues "buy", 12-month target price is $17.00
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& ~2 b, ]* K cNorthgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
4 Y; q; J+ j- Q! Y- TReleased Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain
+ I: U) {+ F( S" V* W7 mBlackmont Capital continues "hold", 12-month target price is reduced to $1.25
1 O" b7 P* n+ }# ]2 LCredit Suisse maintains "neutral", 12-month target price is US$1.00
4 Y! G. r$ }! V& nScotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
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Neptune Tech & Bioresources (NTB : TSX-V : $0.79)
6 @# J$ A: V+ W7 dDietary supplement business facing headwinds
' @8 G- X% {% H4 N2 rParadigm Capital maintains "buy", 12-month target price is reduced to $4.00
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Open Range Energy (ONR : TSX : $1.18)
0 V/ U6 W6 F+ q( O' TProvided operational update and F09 guidance; ?' w$ _3 \2 x6 J: m# X1 H
Haywood Securities continues "sector outperform", 12-month target price is $3.25& m8 w' \3 x8 ]: j( T- l8 E' B+ Y6 w
3 |7 p2 H+ U9 P& ]Osisko Mining (OSK : TSX : $3.13)0 N, g* z3 F. F: `; t2 P7 }
South Barnat resource around the corner
/ h9 Y. j9 W6 p" `+ L0 |+ V9 U9 wParadigm Capital continues "speculative buy", 12-month target price is $4.75) O! c. B2 Z! e* K, P) N0 f
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Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)4 l* b L3 f# p4 P9 L( @
Provided operational update
/ ?9 q6 L; c1 y/ LBlackmont Capital maintains "hold", 12-month target price is lowered to $19.000 W. |9 E$ }. U, A9 \) p& |
TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
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7 R/ E& K0 y& Q2 ^! J% D, }Paramount Resources (POU : TSX : $7.85)- c! |. ~' B9 _# |; q5 J
Provided operational update: Grande Prairie emerging as the key focus for F093 L9 ^8 h; v. a. p3 }! u, }. |
GMP Securities maintains "buy", 12-month target price is $12.00# Y% [4 L1 i1 l, _+ z1 A. V
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Rockwell Diamonds (RDI : TSX : $0.07)
) j/ e w# C( ?6 iOperations starting to turn the corner: a9 ]* W5 ~% W
RBC Capital Markets maintains "outperform", no target price reported
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Shaw Communications (SJR.B : TSX : $20.13)8 u. B) t' S8 B6 B: s( b$ E6 K7 Z9 d
Released Q1/09 results: in line, subscribers ahead
7 e) ~9 C# C4 Z4 e" Z1 x0 _+ nCredit Suisse maintains "neutral", 12-month target price is $25.50- ]0 Q# z# X! r
GMP Securities continues "buy", 12-month target price is $26.50 s7 @& v4 D6 X, ?, g7 @( G
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Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)$ L6 @! `. {3 d4 k4 m! T& ^
Held a sell-side lunch showcasing new U.S. team8 V0 z! p5 u. ^. `; e: S0 ~" Y
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00
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3 u& Q- G, L: r: NTrican Well Service (TCW : TSX : $6.93)- Z9 j1 O# a7 k* |' k
Awarded Russian contracts3 E8 e/ a0 H' E1 s! U j$ s
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.75
' E3 O6 ~' f0 o8 h1 G- n& ^, gRaymond James maintains "market perform", 6-12 month target price is lowered to $9.00
5 g$ {# v' t$ A6 T+ ]' A9 MRBC Capital Markets maintains "sector perform", 12-month target price is $10.007 D5 B# X! V3 Y1 Q
6 c! m n: a4 f- P& X J- lSino-Forest Corp. (TRE : TSX : $8.93)
+ X H2 i5 |; i; Y$ Y* ?- r/ EChinese furniture exports rose in November
# f, K6 N* k: HDundee Capital Markets maintains "buy", 12-month target price is $23.50
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UEX Corp. (UEX : TSX : $0.88)$ R$ r2 C# l3 z! E& `
Shea Creek's two largest deposits have become one8 n! U& t6 U6 p' t2 m; ]6 S) v
Dundee Capital Markets maintains "buy", 12-month target price is $2.751 Z" p8 N a- q* }3 T, G3 t+ U2 x
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Vero Energy (VRO : TSX : $4.72)6 ^& z- g0 |# B; {; b" \ j
Released Q4/08 results: horizontal focus to continue in F092 p/ E- R, n7 W1 w/ t6 g' O
Dundee Capital Markets continues "buy", 12-month target price is $8.001 H* b* d8 ^; Y& ~8 ^ T, C) g+ k
GMP Securities continues "buy", 12-month target price is $7.50
5 F5 f# A9 S" S2 g9 GParadigm Capital continues "buy", 12-month target price is $12.00 m; J3 j* s8 i$ N) r& p
RBC Capital Markets maintains "outperform", 12-month target price is $8.50- h+ W# \! {( t, M3 d1 Y. @
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Wi-Lan Inc (WIN : TSX : $1.75)
, S: P% U; Y( A( j$ S4 I+ B; q7 d) rHit homerun with Samsung
3 b0 ~& W; Q$ X4 ?) I6 UParadigm 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
