 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
6 Q. Y6 L! f7 z8 d ^5 v( E, J& w! l1 v) @* S) l, d' x1 j
Absolute Software (ABT : TSX : $3.36)% p+ D( S @. h, g" g, ~
Bracing for a tough few quarters) {& u$ e' x7 C9 c. B& L
Canaccord Capital maintains "hold", 12-month target price is $4.50. a. N/ a) Z) \+ n! Q
% D* q. a, y' u, ]3 T0 DBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)2 Z9 }% z' _. d
Growth outlook, challenging pipeline and high cost structure make future unclear
# _% ~5 ^7 h4 Q# lBlackmont Capital continues "hold", 12-month target price is lowered to $48.00( ?3 k w3 k# |- g
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00% ?8 K! Z* k: Q) o, @; ^0 m; b
& R4 U' P j9 i# yAstral Media (ACM.A : TSX : $22.98)
6 o, }) q8 e. Q% n! O" XReleased Q1/09 results: strong, in light of challenging operating environment
* M$ s. R' z3 R; I% eBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
# U3 j V+ w+ ^8 Y6 f& ]Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
* g; ?3 X" _- U7 DGMP Securities maintains "buy", 12-month target price is reduced to $30.00) C' C1 Y4 r) |1 \9 U
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00
* {* Y* N) L$ y4 q o7 z4 ?/ X5 D& CScotia Capital Markets continues "sector outperform", 12-month target price is $30.00
2 u0 R9 q1 f; i& {" o
* V. t" m' Y/ _* m) B& ~8 K$ dAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)1 J/ B+ W) c1 x2 U2 _/ w5 S: h
Well positioned with gold production forecast to double this year and next% l: p0 S& k1 M; a" g% [6 K, M; p
Blackmont Capital continues "buy", 12-month target price is lowered to $83.009 A! l0 ~) w& D9 j7 c
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00 N& Z5 @1 c; H* ~4 G
% v: F$ f+ z6 j% u; BARC Energy Trust (AET.UN : TSX : $17.15)
' K6 E) V$ W; O- q$ l1 aReduced distributions by 20%; capex also cut
! a3 i' i# e f$ A# RRBC Capital Markets continues "outperform", 12-month target price is $19.00
' L+ ]! [! v! X6 f; z& U4 v6 Z9 k( t; a1 e/ }4 `
Andean Resources (AND : TSX : $0.75)3 }$ A6 `7 D" {7 a9 X
Announced F09 outlook
& N* s- |( }4 f$ D& vParadigm Capital continues "speculative buy", 12-month target price is $2.25
6 ^- I* r4 l8 aTD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
. p+ _% e( {$ K g [! p7 v/ y" j# J) D
Bombardier Inc. (BBD.B : TSX : $4.65)$ W2 `: ?. _( _' [: T
Rising challenges in Aerospace
0 G9 b+ a6 V; E! y/ QGMP Securities continues "buy", 12-month target price is $8.009 X p* |" L, G
% H3 }: Z, {% d
Bank of Montreal (BMO : TSX : $31.84)- Z- W# x) k4 C- }
Acquiring AIG's Canadian life insurance business
+ p8 w1 x( p4 @TD Newcrest continues "hold", 12-month target price is $37.00
# J6 y G! N( h# C" B$ I" q+ a. n* W, C6 {; @7 G
Cogeco Cable (CCA : TSX : $33.37)
( F/ s: \! u# z9 LQ1 review: Canada results encouraging, but Portugal remains a drag
5 I% S' R6 v+ e S A! FBMO Capital Markets maintains "outperform", 12-month target price is $46.00
" N( b% e8 X6 PDesjardins Securities continues "top pick", 12-month target price is $40.00 M4 }8 v5 T, X' D# p
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
$ S# O2 g: ` s% kScotia Capital Markets continues "sector outperform", 12-month target price is $55.00; i6 J/ J+ p+ h+ a' A3 n
& v- q1 q9 V* j6 R0 h
Corridor Resources (CDH : TSX : $2.45)
4 }5 _3 f" d9 c; U) [0 o, E* [ _Capital budget set to expected cash flow; production guidance lowered R# J% m3 z. F
RBC Capital Markets maintains "outperform", 12-month target price is $4.25
3 X1 \% M" ~2 u% f0 B( c0 D1 L
! s+ @) ?/ i# S; [/ I9 JCOGECO Inc. (CGO : TSX : $25.14)- x) ~1 _! p) W e, l5 x" c, N; I
Strong radio and cable drives 39% EPS growth" E" Y4 y- a+ r
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
- ]6 x/ M* j1 {" w3 h/ n- Z E
, |- A: ]2 t6 KCanWest Global Communications (CGS : TSX : $0.51)* U% Q8 U- u, x. p$ V
Taking action to address tough operating environment
* J8 N# z4 p; T1 KBMO Capital Markets maintains "underperform", no target price reported# W$ `" q* g8 x
Credit Suisse maintains "neutral", 12-month target price is $1.00
4 P* H$ P4 W- w# U; t3 X# H$ ?& dGMP Securities continues "reduce", 12-month target price is $0.502 j. \ o6 U9 E$ {
RBC Capital Markets continues "underperform", 12-month target price is $0.75
" a2 N7 `- Q' |Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50
, d6 b0 n+ K! e4 B( M6 _- F! I
6 e0 ^, A$ q7 K; q( l8 j$ e% ~* CCorus Entertainment (CJR.B : TSX : $12.47)
) d6 T9 h, y% X' ^8 q0 ~Q1 revenues in line, EPS beat
% V& i/ r J) O, H) u/ aBMO Capital Markets continues "market perform", 12-month target price is cut to $15.003 C* Q; P) v( Z
Credit Suisse continues "outperform", 12-month target price is $20.00
1 v- o$ L- t3 B; K0 t( V; NDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00
, K$ i; |" ]5 D/ [2 @* U. u& T, eGMP Securities maintains "buy", 12-month target price is reduced to $17.00
6 ^" E% b# o" H5 ~2 I/ y d* j5 h! d8 QRBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50) g# m$ U/ D* r: K; c, n2 `1 W
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
) T; {9 L# A" F3 L; l% |; ]
! _& W* N% e6 D. TCalloway REIT (CWT.UN : TSX : $11.84); d- N+ @. I. E
Held investor day
7 H9 p6 ?( n: e% y1 cScotia Capital Markets maintains "sector underperform", 12-month target price is $11.00& ~% P; ]* u/ C+ M( {
* m4 d: p3 o* u' _, |. vDaylight Resources Trust (DAY.UN : TSX : $7.77)+ p. v# s* I( Y9 d6 n7 x) g! q. r' x
Reduced distributions by 38%; guided for lower capex
0 J; v5 [$ q+ K- @2 GBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.008 A8 S% J+ f6 k/ B" _% ~8 R0 n
Dundee Capital Markets continues "buy", 12-month target price is $12.00
9 c% P( v( ~6 w$ ]$ z$ @/ ^TD Newcrest continues "hold", 12-month target price is $7.50* L7 h5 N+ s; _8 j
! v8 L5 E! S. d- T1 _EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
0 W& O) R( j3 u: w* H! ASteady market and currency tailwind
# {- j' s+ R5 `) d: t- v# VTD Newcrest maintains "buy", 12-month target price is US$5.006 Q/ B, R4 N. J" m
" j/ R' S( c% ]Goldcorp Inc. (G : TSX : $29.74)
4 G0 [6 h3 y6 X5 [0 F8 B9 [# R! s: VRevised commodity forecasts3 n( |2 b9 q" `6 d( `" S
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00
, I, y7 R4 @3 |; w# J% t d# }- M/ T+ X: r$ N5 e
Heritage Oil (HOC : TSX : $3.77), o) u$ j: \3 p: |, P" s: C
Announced Ugandan commerciality on exploration success
6 u7 p1 E. N3 K" w4 O* V! cTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50: f; E3 C- q5 ]3 b
( ?6 R+ P, F o( e, D3 a
Harry Winston Diamond (HW : TSX : $4.98)! ?8 E* e! K! N e
Retail division suffers
+ m0 ~$ S6 I& l8 z" w5 O3 B% kDesjardins Securities maintains "buy", 12-month target price is $12.60
$ |# |, I0 i p2 R" x" W: n: f, i- B+ F/ z: b( d" ?
Laramide Resources (LAM : TSX : $1.84)
7 I( Y0 ^' q4 K* U( `6 X- L4 L3 k. QWestmoreland provided more high grade at Redtree's Jack Lens
1 M6 A: i2 b% H9 d- q3 f0 XDundee Capital Markets continues "buy", 12-month target price is $2.30
& ]9 _7 s& V A) u3 i$ }! E E
/ a0 e1 }+ z5 M9 F9 rLockerbie & Hole (LH : TSX : $6.00)6 O* Z' I0 K7 ?9 ~3 o
Released Q3/09 results: very strong, focus should be on active backlog+ k a, f- h! t2 ]
GMP Securities continues "buy", 12-month target price is $9.00
1 {8 ~5 S _# y2 R% M1 b' W9 }Raymond James maintains "market perform", 6-12 month target price is $8.255 q7 s1 z. l" ]! P/ p8 e1 z' v
0 P( n/ L/ z3 O5 } g: r! c2 ^; nLivingston Intl Income Fund (LIV.UN : TSX : $6.00)5 j2 }% |- |, B( N7 V% M9 Q4 Y
Reduced distributions by 70%
* {2 |: P# I; n9 z1 C5 U2 y$ {9 _RBC Capital Markets maintains "outperform", no target price reported* F3 b5 w$ P- P* B
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
' R7 }: \0 x1 }& Q6 b% m/ G. u4 P; a; V" e
Matrikon Inc. (MTK : TSX : $2.04)
9 O8 B( s1 N2 mReleased Q1/09 results: a little light, but still respectable
( q% {- D; s8 z( X5 |) XBMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
! q% a9 a1 y7 W" Q' R, yParadigm Capital maintains "buy", 12-month target price is $4.00
7 I$ k7 n& R6 u. o( s3 c# ]6 d: u( u
Mullen Group Income Fund (MTL.UN : TSX : $10.97)5 V( [: a1 _; ^8 A* m& c
Expecting lower CFPU on higher taxes+ i" ?, _& d& K/ k/ L# A) `+ O3 V
BMO Capital Markets continues "outperform", 12-month target price is $18.00& g6 [* `" t* }) Q& U! {
RBC Capital Markets continues "sector perform", 12-month target price is $12.00+ r4 g; ?% }) w" {5 i% e
TD Newcrest continues "buy", 12-month target price is $17.00
8 X# i4 E# p/ s# ~8 w
2 i3 V; ?! C4 L; T: gNorthgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
2 |2 R/ ]4 G/ K! G6 q4 N+ [* C8 KReleased Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain. U8 y* o) z9 \# j3 I6 ^. e
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
6 S6 T3 `" t# ~9 s) e& SCredit Suisse maintains "neutral", 12-month target price is US$1.007 Q b, a; j' m* y# b
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80( S9 b5 k& q4 u' t0 A
3 C0 P$ k! L" u j; y# vNeptune Tech & Bioresources (NTB : TSX-V : $0.79), I- p! p7 y# q4 [2 s2 T5 V
Dietary supplement business facing headwinds8 ^7 X( g) V' A, H
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.002 A9 T/ M. J! _+ E, K
6 s& c5 k, X0 Y, _+ a: GOpen Range Energy (ONR : TSX : $1.18)! R+ Q- U o, B+ }: w
Provided operational update and F09 guidance, v( ?3 E0 D3 e- u) u
Haywood Securities continues "sector outperform", 12-month target price is $3.25
8 T9 I0 R+ N# P6 z Y7 d ]" Y6 y' Y$ d# q# M9 B6 }
Osisko Mining (OSK : TSX : $3.13)
* v$ |& N: q1 I) o& R( ^1 f( F, nSouth Barnat resource around the corner) c. b* B' W( e- I, u4 u3 v
Paradigm Capital continues "speculative buy", 12-month target price is $4.75
# \4 Y* a5 X- H* Y2 [
$ r5 p. T) A7 R- N) h7 f0 WPan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
' h* ?6 a9 G$ ?9 G4 N; Y/ nProvided operational update
" Q( ?8 W( `, {- C* HBlackmont Capital maintains "hold", 12-month target price is lowered to $19.00
5 \4 e- C) ^0 }' G9 hTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
, L3 w5 o/ O4 m) @/ I5 W9 `
% Q1 @1 M3 n4 @7 \' [: |" BParamount Resources (POU : TSX : $7.85). U- C. n$ `) V/ X* P! V6 K- N
Provided operational update: Grande Prairie emerging as the key focus for F09
' T. B5 s7 i% A$ ^9 R+ w7 W: BGMP Securities maintains "buy", 12-month target price is $12.00
% W* S/ c- ~& M7 m* E9 }5 j
. @$ O1 K, X2 I9 ?$ B& MRockwell Diamonds (RDI : TSX : $0.07)1 d6 D% v- [0 ]' L! n C
Operations starting to turn the corner
' _+ s% i/ r" r5 v' J+ b2 M& NRBC Capital Markets maintains "outperform", no target price reported7 `8 K; {3 _+ f7 ^0 i4 h
4 j1 b. j. b; \# y5 ^1 u% F
Shaw Communications (SJR.B : TSX : $20.13)9 Q. X5 B, `& n7 C
Released Q1/09 results: in line, subscribers ahead/ G! \! p+ O9 z0 T$ s s
Credit Suisse maintains "neutral", 12-month target price is $25.50
: I2 K. r7 v/ p2 P0 k* YGMP Securities continues "buy", 12-month target price is $26.50: i) L: k3 K1 m D
3 M9 o9 O7 ?1 a3 c
Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
$ o+ E1 @( p# E/ L" E PHeld a sell-side lunch showcasing new U.S. team; G) d" t7 o; x4 H! W9 l
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00
/ y% A- u" q+ M9 A) F. ]5 R$ a2 f/ Q: a# Q- f3 c
Trican Well Service (TCW : TSX : $6.93)
8 W' N8 Q3 J8 r `Awarded Russian contracts1 Q* l" Y$ |8 Y& q0 e
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.75
2 r- b+ H# v* K3 _; `6 KRaymond James maintains "market perform", 6-12 month target price is lowered to $9.001 [5 G! |9 x* w* [- Q
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00% F. ?5 j; B. u4 ]& H
5 H( C" d6 ]$ h2 `2 O: W
Sino-Forest Corp. (TRE : TSX : $8.93)! F& t+ G/ z1 h" L+ c- m
Chinese furniture exports rose in November, [1 G7 a/ ] k
Dundee Capital Markets maintains "buy", 12-month target price is $23.50
1 `4 ]' h) d5 S5 ?
3 s" s2 U3 H2 \: [: x; \! B- H' rUEX Corp. (UEX : TSX : $0.88)3 a; B1 `6 _0 D
Shea Creek's two largest deposits have become one/ [1 \% I; x% q
Dundee Capital Markets maintains "buy", 12-month target price is $2.75% [0 ~! q% j' \1 y: D* p7 p
+ r, z( }8 ^& T( ~
Vero Energy (VRO : TSX : $4.72)7 n. I3 Z1 [ G# ]' U9 m; V* e
Released Q4/08 results: horizontal focus to continue in F098 Y, S s- {- H4 G4 f3 {
Dundee Capital Markets continues "buy", 12-month target price is $8.00 d& ?: o0 A8 }
GMP Securities continues "buy", 12-month target price is $7.50$ n8 k0 X: K0 t* m0 `/ f& w z6 b
Paradigm Capital continues "buy", 12-month target price is $12.00* m& d5 q8 ]4 S e9 X" N
RBC Capital Markets maintains "outperform", 12-month target price is $8.50
6 Y- }& b$ L2 O0 M H: j9 V! \
- D: z/ _6 T/ ~9 _* S6 pWi-Lan Inc (WIN : TSX : $1.75)
' E! ^) j4 L8 M2 ~& y4 HHit homerun with Samsung
% }8 i& Z; O1 b& C) \Paradigm Capital continues "buy", 12-month target price is $3.50 |
|