 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009- ` m8 D4 e5 C* ]6 N$ x9 ~9 G" I
3 Y/ c3 F# F9 l( eAbsolute Software (ABT : TSX : $3.36): i/ V; s8 ~3 t
Bracing for a tough few quarters
. r' ]& o! M3 xCanaccord Capital maintains "hold", 12-month target price is $4.50' Y! w4 ?& c7 D6 O. `8 M
, z' S4 f. Y2 h. k' V
Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
& J/ I y2 f& J4 p: UGrowth outlook, challenging pipeline and high cost structure make future unclear, _# d8 `! o8 d E C7 ]0 d8 Y1 e+ y
Blackmont Capital continues "hold", 12-month target price is lowered to $48.009 k% k- ]8 Q# z& ^9 m u3 |* L
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
+ w- l6 y, k. g% r% V7 K
# B! ]9 ?! Z {. ~/ ^Astral Media (ACM.A : TSX : $22.98)7 S: ~3 |6 G" p# S5 w( Q
Released Q1/09 results: strong, in light of challenging operating environment* l& Z/ H% b. D* b+ M' m3 |
BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
' ]" g. z4 [; b, z: b5 i$ f0 P9 [Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
- P, Y; E3 w/ [: C* h$ p4 uGMP Securities maintains "buy", 12-month target price is reduced to $30.00
9 n* g% d! y; x3 i6 O/ r+ cRBC Capital Markets continues "outperform", 12-month target price is raised to $31.00
4 B q k# d0 M0 `; \Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00
; I/ a, V) N9 H; W7 p/ f$ z/ _. e7 C t6 s$ q+ P- i
Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)2 G, ^# v6 ^" {% D
Well positioned with gold production forecast to double this year and next
/ T: Y) A. r" Q" wBlackmont Capital continues "buy", 12-month target price is lowered to $83.00+ s% Z4 v' u' @* T" k" ]
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.003 K2 ]5 Y+ ^5 `& U) _
, l0 r; ]9 g/ C5 PARC Energy Trust (AET.UN : TSX : $17.15)7 t- W1 F$ M* u
Reduced distributions by 20%; capex also cut
) H7 f. G5 U2 p2 _- eRBC Capital Markets continues "outperform", 12-month target price is $19.000 D+ N: x: A* d( A0 |( |
u% P6 @, _" E8 T! x* r2 O! kAndean Resources (AND : TSX : $0.75)
5 E3 t+ c6 p" |9 r: J( o/ b1 \( ]5 VAnnounced F09 outlook; ?% K8 I( f& |# D4 O- N
Paradigm Capital continues "speculative buy", 12-month target price is $2.25# [: f6 M- k: n! E$ g( |, W
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
8 X7 g. `# O7 Z% P: k* R8 O
3 k( a7 x: O0 {; Y8 E6 ~) k/ qBombardier Inc. (BBD.B : TSX : $4.65)
8 H) N' a3 Y) E$ tRising challenges in Aerospace* }1 @7 o' C5 I5 |2 f
GMP Securities continues "buy", 12-month target price is $8.001 I9 l# c& W) x
% K2 N1 I" h# N" j* R5 d: A
Bank of Montreal (BMO : TSX : $31.84)+ @/ L1 _: X! D6 _, n# O
Acquiring AIG's Canadian life insurance business
! H3 M( X3 J6 a, o/ j0 mTD Newcrest continues "hold", 12-month target price is $37.00
* {, c# N5 L# \! ` U. @) J6 c3 F- q; H0 j# W. [
Cogeco Cable (CCA : TSX : $33.37); C) ^7 ]1 L* q3 s
Q1 review: Canada results encouraging, but Portugal remains a drag3 H. B% B( J0 w3 ?, r2 r, `
BMO Capital Markets maintains "outperform", 12-month target price is $46.00
! x/ S4 x4 N* d- z) l$ @+ CDesjardins Securities continues "top pick", 12-month target price is $40.005 _/ h; v& C( ~5 ^
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.009 d. e5 D+ a- l4 | }
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.00
$ @8 I0 \; W6 r) @$ m2 ^! A- W3 K+ o! I
Corridor Resources (CDH : TSX : $2.45)# D' E* D% j! [3 [5 K4 k. B% o% N& Z
Capital budget set to expected cash flow; production guidance lowered
6 ~" O, V1 b8 }/ n: _RBC Capital Markets maintains "outperform", 12-month target price is $4.25 G1 C" w% F; M) c. C
% G9 h1 \- R+ P1 ]9 m. \! F: eCOGECO Inc. (CGO : TSX : $25.14)
# k$ J* p9 e- |! A0 J( kStrong radio and cable drives 39% EPS growth& K. o9 `! ~) [
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00+ o$ {/ N% ~$ t, ^9 w: `
0 Q" m$ B& B" c# x7 R! z+ NCanWest Global Communications (CGS : TSX : $0.51)( K" v5 l, h3 u7 p: n$ x
Taking action to address tough operating environment; y3 T& V- C7 G1 D& S8 b9 H
BMO Capital Markets maintains "underperform", no target price reported
3 {' @6 E" k" ^Credit Suisse maintains "neutral", 12-month target price is $1.000 e* X: g: y4 U& i
GMP Securities continues "reduce", 12-month target price is $0.50: C1 ^0 L- J3 Z* Z4 y
RBC Capital Markets continues "underperform", 12-month target price is $0.75
- f4 [. y8 E8 d* U0 \! VScotia Capital Markets continues "sector underperform", 12-month target price is $0.50" c" P4 J9 u7 R8 d* g+ l
2 n/ Q' `/ m. `, c& v; _# u. h2 MCorus Entertainment (CJR.B : TSX : $12.47)
) ?2 J1 D1 l5 \# o4 LQ1 revenues in line, EPS beat
r2 D! ]9 B4 z1 T& x% X$ ~BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00) m- _% z% {* |/ q; d- ]1 I! o
Credit Suisse continues "outperform", 12-month target price is $20.000 `4 x. t4 Y0 u" P$ K( [
Desjardins Securities maintains "buy", 12-month target price is lowered to $15.009 ?" H, P; p8 J3 v' z
GMP Securities maintains "buy", 12-month target price is reduced to $17.00$ ^( p3 q" c$ T" F, C! o, w4 @( |$ F2 [
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
9 v8 v) O3 Q; J9 Q% [; a% kScotia Capital Markets continues "sector outperform", 12-month target price is $18.00* K$ f. D" G/ E. I
6 A& r; X% g2 _Calloway REIT (CWT.UN : TSX : $11.84)0 I. f4 w/ A7 c, E( B8 f9 u: l
Held investor day6 N6 h' ]! r3 R; i
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
# ~9 y( Q' ?1 p3 W9 z9 I# x
1 P. l0 J5 a' O2 nDaylight Resources Trust (DAY.UN : TSX : $7.77) I- ?9 v8 G8 ^4 O# ?6 w- |8 K+ }) C
Reduced distributions by 38%; guided for lower capex
; _- V/ O) s c. v" VBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
' S/ }5 D" K6 ^7 J6 G1 N7 [% WDundee Capital Markets continues "buy", 12-month target price is $12.00
; d& Y7 b- Z- ]6 E' v2 PTD Newcrest continues "hold", 12-month target price is $7.50
) m' ~ y- a1 L
; J; c2 P+ L! K, l# V- B. UEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)% T/ l3 B5 c+ C6 u+ N4 T$ H0 ~
Steady market and currency tailwind
9 `+ K6 S$ M' ~TD Newcrest maintains "buy", 12-month target price is US$5.00: _% N8 e# G$ C7 G/ O4 |% f! P
q7 ^+ c4 b3 b" ~# E. GGoldcorp Inc. (G : TSX : $29.74)
/ V% i/ e' v8 v8 aRevised commodity forecasts
( u& A: X6 m' V0 u! ]1 _5 A6 EBlackmont Capital maintains "buy", 12-month target price is reduced to $49.002 E7 a' O( ]9 c0 t5 N) F! V2 p
4 A5 U( L) b3 q0 gHeritage Oil (HOC : TSX : $3.77)$ B; R2 _' a1 s Q( i
Announced Ugandan commerciality on exploration success& o) z: p+ }5 l3 i8 h
TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50' j$ P# D+ q, U V j7 G4 t U
- M: y/ ^$ q) z. b6 V
Harry Winston Diamond (HW : TSX : $4.98)
. q( p) ]; e5 D& q8 FRetail division suffers
# a% S8 {$ Y" m/ J1 PDesjardins Securities maintains "buy", 12-month target price is $12.607 _; P' Y, ]" G# K
" ]2 D5 G G; P$ n. ~Laramide Resources (LAM : TSX : $1.84)
8 P9 ~6 m8 }/ f3 GWestmoreland provided more high grade at Redtree's Jack Lens/ ^$ p# h9 T& W9 S4 i. e
Dundee Capital Markets continues "buy", 12-month target price is $2.30/ m4 t9 b1 g0 {7 D
! k) k" x2 Y0 r# x( pLockerbie & Hole (LH : TSX : $6.00); }! E0 A# }3 E; I) v& ]
Released Q3/09 results: very strong, focus should be on active backlog
% @: A3 Z/ ~& T3 S. iGMP Securities continues "buy", 12-month target price is $9.00/ t. f) `4 ^% ~9 L3 n; W" ^
Raymond James maintains "market perform", 6-12 month target price is $8.25
6 [. k5 J. U8 B* Q& m4 b Z1 ~- } g3 Y3 C/ o
Livingston Intl Income Fund (LIV.UN : TSX : $6.00)
9 D+ ?9 f8 u( K7 v1 AReduced distributions by 70%
: N/ F) Q# _, g. A2 k4 R$ ERBC Capital Markets maintains "outperform", no target price reported! `! z' ]: t4 z7 E, y' v4 ~
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.504 R- p s8 `+ N; i6 ]! D* m* K
. E; y8 v* b; E$ Z/ d% X2 {8 e" S8 wMatrikon Inc. (MTK : TSX : $2.04)
4 J- I6 ~2 B9 Z. z3 LReleased Q1/09 results: a little light, but still respectable' N. [5 ^7 f9 d
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50- C3 F# g: a {- J, N1 ]0 `
Paradigm Capital maintains "buy", 12-month target price is $4.00! q( M4 p6 R. o# l
" V/ G( i5 S, c' sMullen Group Income Fund (MTL.UN : TSX : $10.97)8 o0 ^5 |/ z" r; x5 x/ Q
Expecting lower CFPU on higher taxes h9 U9 Q8 V4 X& x8 E2 B( e% `' N
BMO Capital Markets continues "outperform", 12-month target price is $18.00! l: |: }" M4 v& M" I+ }. c) o
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
$ A! K* Q( D/ |2 oTD Newcrest continues "buy", 12-month target price is $17.006 X9 j5 i5 y' b* g( \
, L' ~. j" w4 ~+ hNorthgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)4 \1 V- l4 d( s5 U2 E: p
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain/ J* T# ]& L8 k6 p
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25' |8 g9 \3 g$ E
Credit Suisse maintains "neutral", 12-month target price is US$1.009 W+ w: D! M9 `
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
- V! R3 b% e# d5 K9 l5 U
9 H; _% w' o- a" w1 \9 H UNeptune Tech & Bioresources (NTB : TSX-V : $0.79)
/ l$ V2 Y o+ v1 UDietary supplement business facing headwinds2 f( F1 k, @# O
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.00% `* g$ ^* w& d# x/ P
( Y/ g. L( s% Z6 j8 A5 E
Open Range Energy (ONR : TSX : $1.18)
1 Y7 q4 P; ?& Y9 `5 q0 ^3 c1 p& fProvided operational update and F09 guidance. ?+ H. n( m: Y: G K
Haywood Securities continues "sector outperform", 12-month target price is $3.25
) s; r1 ~+ `( n; Y# v
, R8 G( W/ K# T6 v9 FOsisko Mining (OSK : TSX : $3.13)
B S6 z; w2 G! g' xSouth Barnat resource around the corner
9 ~9 M" W' @( FParadigm Capital continues "speculative buy", 12-month target price is $4.75
8 z$ K, L: L" x% F6 [! J+ I5 Y; A0 I
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
2 I# G! X; L* r. {) dProvided operational update2 _, Z/ E. y0 {3 t& {0 h
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.009 ]1 z% o1 s0 |+ F1 d( L* w
TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.505 C6 `3 G/ \' F
" o: |1 j& }" I! j' B! [( P
Paramount Resources (POU : TSX : $7.85)
( W9 G4 \! F/ g) [; sProvided operational update: Grande Prairie emerging as the key focus for F09
( S; p" u0 N$ q- F4 \# `GMP Securities maintains "buy", 12-month target price is $12.00
! Y( s; e! s( l8 y! `0 p0 g
% @9 {8 R5 h5 [* E7 f- @Rockwell Diamonds (RDI : TSX : $0.07)5 u6 M& C; d1 `( Z' \! f- E
Operations starting to turn the corner
, f& F2 P5 ]" ?6 b0 U$ hRBC Capital Markets maintains "outperform", no target price reported0 }" b# d+ D# Q
: \) F* _4 ~7 [+ x+ LShaw Communications (SJR.B : TSX : $20.13)
; I6 P- |8 }' ]9 K) r& k2 Z; v. ^Released Q1/09 results: in line, subscribers ahead
4 K! @, h$ Q. R* x' P8 O) j( ?5 n9 s. JCredit Suisse maintains "neutral", 12-month target price is $25.50+ z; w9 Q: m# Q3 q4 w: w
GMP Securities continues "buy", 12-month target price is $26.50
) q7 P2 u5 w4 z* r$ S/ m
5 k6 v) u& E& A7 R" WSun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)+ N9 R' f7 [4 o2 Z. n. {8 |, L
Held a sell-side lunch showcasing new U.S. team
2 k" j6 v% _ Q9 \/ h6 DScotia Capital Markets maintains "sector perform", 12-month target price is $33.004 i# b, S X4 b/ {
% l0 G$ b1 A1 o; v$ [; K, [Trican Well Service (TCW : TSX : $6.93)
* z B# ?3 L/ b7 ^7 ]$ XAwarded Russian contracts7 k8 R; K G) i: {" D
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.75
: i# x* B3 _! _3 }6 I7 `" j. Y' N- [Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
+ R* O- D0 N% ?% sRBC Capital Markets maintains "sector perform", 12-month target price is $10.00
' W* `: ~7 z3 N+ V# ~# b' x# m) W' M& M4 J% N
Sino-Forest Corp. (TRE : TSX : $8.93)
' V# a, _, C2 v& e3 lChinese furniture exports rose in November& Q7 i, y8 w4 y" K% r
Dundee Capital Markets maintains "buy", 12-month target price is $23.509 \" q5 h% \# _! N' d u
- G ?% f* _+ D, g
UEX Corp. (UEX : TSX : $0.88)
( P9 Q. M X2 ^( Z" X$ V3 zShea Creek's two largest deposits have become one
/ d* o5 i( k$ XDundee Capital Markets maintains "buy", 12-month target price is $2.75
6 ^2 ~) g- u# A& j- q/ i6 `- t( E/ L* a4 c
Vero Energy (VRO : TSX : $4.72)6 O$ {* j# b6 R8 U4 ]
Released Q4/08 results: horizontal focus to continue in F099 |$ C1 \4 o, X( g; y v, k
Dundee Capital Markets continues "buy", 12-month target price is $8.00
$ Y7 }6 Y/ Z7 _6 d) h9 i: ^GMP Securities continues "buy", 12-month target price is $7.50/ ~4 }$ J2 A0 w
Paradigm Capital continues "buy", 12-month target price is $12.00
2 ^* Z' |* m/ Y/ T6 G6 ], P0 Q6 XRBC Capital Markets maintains "outperform", 12-month target price is $8.50, Z) N# A6 M7 h: {. U3 G2 o' m W
9 h2 X% q9 p! @' wWi-Lan Inc (WIN : TSX : $1.75)
8 P, b" k6 r9 S2 b8 [) VHit homerun with Samsung
% h9 \: I: }" |! i" ?) n: `Paradigm Capital continues "buy", 12-month target price is $3.50 |
|