 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
8 ]* N6 ?+ S" u6 }8 _+ Q
5 f9 @" L& e# ~: vAbsolute Software (ABT : TSX : $3.36)
; b8 G; B' E0 a {Bracing for a tough few quarters
/ k: ~% y6 ^' W. R$ \5 zCanaccord Capital maintains "hold", 12-month target price is $4.50
+ y; t7 p: Z$ \$ I- f8 |: u5 D' g$ m1 h8 E% S( R9 ?+ }
Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)6 f+ E9 C n. b' f; z* X
Growth outlook, challenging pipeline and high cost structure make future unclear5 q! G( t- ~ L4 \/ _" m
Blackmont Capital continues "hold", 12-month target price is lowered to $48.006 t* P! u9 [: W1 f. t; d: H
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
# Y2 O, s2 q0 g N8 E6 m* ]% @! A3 v
Astral Media (ACM.A : TSX : $22.98)5 v! ]( K* g; `9 v0 V
Released Q1/09 results: strong, in light of challenging operating environment
* G- X; S- |1 y! k. _ f1 ]1 T% {6 dBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00) y W, |5 s, f/ a
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
5 f; M9 [1 U' s3 A; Y# e8 uGMP Securities maintains "buy", 12-month target price is reduced to $30.00; g+ T0 @' m5 u$ ]: G
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00
: Q8 M$ M9 {6 QScotia Capital Markets continues "sector outperform", 12-month target price is $30.008 S' T0 j/ q' C/ R a7 z" a. [; t
5 `. O" ~. f: N# @+ U
Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07) G! X4 x: B8 ?1 q$ P
Well positioned with gold production forecast to double this year and next
- }/ q9 J& y& ?3 _3 ]1 I, A1 B; ]Blackmont Capital continues "buy", 12-month target price is lowered to $83.00
0 k( {( M) N& B0 VTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
' N) y$ R. {! R6 w2 y$ `$ [# [9 q" V/ V2 ~
ARC Energy Trust (AET.UN : TSX : $17.15)3 i: q' C4 l8 Z
Reduced distributions by 20%; capex also cut
$ o) b" T/ z. k- vRBC Capital Markets continues "outperform", 12-month target price is $19.00( c8 c, _0 w2 u' ^2 X; ^
1 R7 ?0 j) [/ i% X5 c: q( I
Andean Resources (AND : TSX : $0.75)
( K8 }' ^7 M$ ^" |, Q8 Y$ hAnnounced F09 outlook% p* E; E- B' J& n* @2 k- f2 N1 B; A8 f G. B
Paradigm Capital continues "speculative buy", 12-month target price is $2.25$ O9 v6 j) }' |% K7 T
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
v5 m' f: ^. C* r) V& R( |
' L2 f/ M, @4 r' `3 l8 E% E+ M) kBombardier Inc. (BBD.B : TSX : $4.65)# [6 l1 V5 b$ r" _' u
Rising challenges in Aerospace
. n3 Z5 ]3 X9 c) `# t+ K3 CGMP Securities continues "buy", 12-month target price is $8.001 \$ ^& K, n! O3 h% V4 A. o. H
& a5 g. i4 w& f; Q4 iBank of Montreal (BMO : TSX : $31.84); M7 K% L5 F5 f
Acquiring AIG's Canadian life insurance business. F0 Y3 C6 j$ K- z v. E. P6 O7 s5 Q
TD Newcrest continues "hold", 12-month target price is $37.00- ?$ h- W& R% w2 Q. ~& F
1 w/ z* b# ]. g7 aCogeco Cable (CCA : TSX : $33.37)
" @2 e t P9 q1 @2 SQ1 review: Canada results encouraging, but Portugal remains a drag
( q; h+ o$ G* l' t( GBMO Capital Markets maintains "outperform", 12-month target price is $46.00
1 Z6 [: h; b+ |7 p3 {/ s. f8 I3 v- LDesjardins Securities continues "top pick", 12-month target price is $40.009 Q0 B$ d9 c& t5 m
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.007 k; |) J( T( ^3 `8 q; p- y, @
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.00
6 A2 y( q$ F. G1 ?
) w% G- I- {/ V- u9 V: F0 BCorridor Resources (CDH : TSX : $2.45)
5 d+ N0 b7 {; A- e9 MCapital budget set to expected cash flow; production guidance lowered
4 e4 M; q, Y3 `$ n# YRBC Capital Markets maintains "outperform", 12-month target price is $4.25+ X* d. m2 R6 s& Z
% A0 y% ]) _' X) F& Q; Q3 mCOGECO Inc. (CGO : TSX : $25.14)
+ _2 T* d9 ^( Q* K' y* oStrong radio and cable drives 39% EPS growth
3 u2 y# L: T9 Q2 fScotia Capital Markets continues "sector perform", 12-month target price is $45.00; [$ @, T: h7 Y7 i& {2 p6 v
9 ~$ a, Q9 l! b! D$ g
CanWest Global Communications (CGS : TSX : $0.51)
. N/ @! E8 x- E, H9 [- V4 H% r( RTaking action to address tough operating environment7 d, c2 j0 }; f* P$ G; D3 U
BMO Capital Markets maintains "underperform", no target price reported
1 q3 t5 w& s& y0 G; V, N- tCredit Suisse maintains "neutral", 12-month target price is $1.00$ b& R- u" X7 p+ E5 r
GMP Securities continues "reduce", 12-month target price is $0.509 U# K9 T' C- e
RBC Capital Markets continues "underperform", 12-month target price is $0.75" o# Q$ G+ m3 F" g4 h+ z; D
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50
. E8 |; |3 k9 v
# G' o# _4 j+ ~4 I8 Z7 s0 x1 mCorus Entertainment (CJR.B : TSX : $12.47)
% V: u! E7 E. q4 O- j; A8 n! oQ1 revenues in line, EPS beat
3 q) N. e8 a k+ }BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00! |/ m! }2 U; p1 ?2 I0 b+ u
Credit Suisse continues "outperform", 12-month target price is $20.00
; ~1 h; R$ k* ]. k _* TDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00
) i+ C* V5 G& [1 I2 bGMP Securities maintains "buy", 12-month target price is reduced to $17.00& Z: u9 S3 v9 q$ c& o3 ~+ U% A& L
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
. W; d+ E0 |; ?6 R/ _4 nScotia Capital Markets continues "sector outperform", 12-month target price is $18.002 s4 D. B" P6 ~, ]# P& n
' q& J1 ~' B4 }. \ p6 j1 E% ICalloway REIT (CWT.UN : TSX : $11.84)" G9 z* z6 @) k0 r: g% Y1 ^- H; @
Held investor day
# |. s# B8 X U' r q& X. J( L8 {Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.000 Y4 A' H+ E" ?4 q. N; a: {% j
9 Z# R8 o; \5 m4 |' \
Daylight Resources Trust (DAY.UN : TSX : $7.77)
3 H0 c% O" i* tReduced distributions by 38%; guided for lower capex
5 P- e9 ^* S, ?3 C# V9 UBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00* |& L2 K" }: T r1 e$ c* _- H
Dundee Capital Markets continues "buy", 12-month target price is $12.000 n5 r" O7 s, t" w0 C- c* e3 r
TD Newcrest continues "hold", 12-month target price is $7.501 y2 M2 M! ~! U. N/ v; w
( @% q& `& ^( p& @4 }EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
- ?$ Z \7 @2 rSteady market and currency tailwind5 T( ~ Q& ^( ]+ P: Y" B
TD Newcrest maintains "buy", 12-month target price is US$5.00: ~$ ]. }% o% d* w& V
$ u8 f; v2 q- F+ @# DGoldcorp Inc. (G : TSX : $29.74)
" t0 \+ v4 ~" \4 f' JRevised commodity forecasts+ C7 R2 u) `9 N j' M: _- O
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00
) n. @3 V* k/ o7 c
. O' _( M4 [3 m; k% T. UHeritage Oil (HOC : TSX : $3.77)3 d' L8 f3 _$ i- `0 P: U( Z
Announced Ugandan commerciality on exploration success6 R( v/ Y3 n, B) ~+ R# {. z
TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
' T( B7 n. z$ b
% Y8 b( D6 J8 c: Q" B0 _: T& ^Harry Winston Diamond (HW : TSX : $4.98)3 X6 _6 ~! j" T+ B& K2 E
Retail division suffers
2 ]' Y; H# T4 b; V( ODesjardins Securities maintains "buy", 12-month target price is $12.60% n+ d( n1 }( o3 ?; _* L' L+ T1 l
6 f$ D# z, P+ x) xLaramide Resources (LAM : TSX : $1.84)7 {7 N/ s" {* F& ~+ T
Westmoreland provided more high grade at Redtree's Jack Lens& y7 s; Q. |0 D
Dundee Capital Markets continues "buy", 12-month target price is $2.30; F8 Z4 E7 G5 t4 `
2 B3 f( f- f" uLockerbie & Hole (LH : TSX : $6.00)
- t4 f1 p* @( Q8 v2 {Released Q3/09 results: very strong, focus should be on active backlog1 m0 H- F$ t5 f r7 ?; I f6 e" L! J
GMP Securities continues "buy", 12-month target price is $9.00% ?6 n1 d; R# o; w' o, j/ T
Raymond James maintains "market perform", 6-12 month target price is $8.25
; P$ D; _- z* n/ q: s" U. G. i9 H9 c# E6 x ]" l. X
Livingston Intl Income Fund (LIV.UN : TSX : $6.00), q0 d5 j, Y# H: D; J( d: e
Reduced distributions by 70%
1 k! K- k$ B4 U1 s1 r5 D% |RBC Capital Markets maintains "outperform", no target price reported% [6 X$ M# m$ r
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
! v5 f$ E4 h& r4 b
3 g: F5 h, L# M$ ], lMatrikon Inc. (MTK : TSX : $2.04)
: D) `2 |; c( q$ qReleased Q1/09 results: a little light, but still respectable' X2 T. }% f ]5 @( A2 \
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50+ g/ n( d9 l3 @0 W' t; a' e
Paradigm Capital maintains "buy", 12-month target price is $4.00
; w6 E: p) Q- M
r8 L" Z! g8 i- r4 U+ t; f1 nMullen Group Income Fund (MTL.UN : TSX : $10.97)
r$ q$ ]/ Q- eExpecting lower CFPU on higher taxes
% s7 E& Z5 I6 G9 MBMO Capital Markets continues "outperform", 12-month target price is $18.00
& s1 U S0 q2 A! w+ X- |# G: yRBC Capital Markets continues "sector perform", 12-month target price is $12.006 [, }+ z2 `# H2 E% j
TD Newcrest continues "buy", 12-month target price is $17.00
) I$ F2 X. E8 r9 {, o! `6 i3 a
! N b+ }/ v, `( f' X! I \; b/ oNorthgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86); l. v. u1 \3 r5 z# D0 l- y
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain% b+ U& J# R* J8 x& W5 e% k( {
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
5 _) G1 R l$ r6 aCredit Suisse maintains "neutral", 12-month target price is US$1.008 ]2 R) w) b4 @2 g4 ]0 y
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
) k# Z. e$ C0 ^- L g- q" y% |* T/ ~( }& i
Neptune Tech & Bioresources (NTB : TSX-V : $0.79)
8 N3 v6 ^7 K- U% T' U9 @ R5 X# UDietary supplement business facing headwinds; q9 f0 C; \% [, ^& \6 \1 k
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.007 w4 O7 x7 a! q* `0 r% e1 F( [; c) H
( y' C; _/ P7 s# A" U6 b; cOpen Range Energy (ONR : TSX : $1.18)
# l- v6 M$ s A" ?$ A7 A! h/ ~Provided operational update and F09 guidance l. K' r j: s' T7 x; K
Haywood Securities continues "sector outperform", 12-month target price is $3.25% O+ r9 y: d4 B9 d1 G1 J) e
+ b( e% g8 w7 ^7 b+ D0 SOsisko Mining (OSK : TSX : $3.13)
4 k. N# f' {; \0 dSouth Barnat resource around the corner0 k4 Q9 y- r/ D% p0 L6 X" k- l, Z5 l
Paradigm Capital continues "speculative buy", 12-month target price is $4.75
- B5 {2 V+ @- p* N: Y% Q% U
. m4 v( f8 a5 Z/ M( ?' |. M! |Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
: T+ ^4 Z0 G" ~) y7 X" bProvided operational update+ ]3 u8 m8 V/ s+ F
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
+ J/ c$ M, d- g7 y( RTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50/ P5 n6 a6 @- \/ @7 _/ m- p
$ _: i _+ k" T. `8 J* R1 HParamount Resources (POU : TSX : $7.85)1 y3 `) J X! a/ O
Provided operational update: Grande Prairie emerging as the key focus for F09% _7 q" _$ M1 \ n
GMP Securities maintains "buy", 12-month target price is $12.00
, j! c/ ^- G3 m s+ W
# @' {& S+ p: c9 i, fRockwell Diamonds (RDI : TSX : $0.07)# N: P6 k. B4 Z0 J
Operations starting to turn the corner+ u' ^1 I, {. |$ j- ]; d: ?% n
RBC Capital Markets maintains "outperform", no target price reported
1 X; H3 Y2 A% ~3 G, C( B, X& _, y- f) k, n4 h' p
Shaw Communications (SJR.B : TSX : $20.13)! T1 w$ T) L7 b" E' S# C9 @
Released Q1/09 results: in line, subscribers ahead
) Y$ N' t8 F$ a3 w7 fCredit Suisse maintains "neutral", 12-month target price is $25.50
5 X8 z7 u- r% l* ~$ B; `& c9 sGMP Securities continues "buy", 12-month target price is $26.50
/ k: C4 R+ r. {2 y, A
7 F; ~. P0 q- @' CSun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)) C5 I4 p! U% B, h6 l
Held a sell-side lunch showcasing new U.S. team0 g$ {# ]- `1 M" k7 n
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00
: P3 B" n$ P+ B) ]- z
- b* m$ m( Q) O& c) QTrican Well Service (TCW : TSX : $6.93)! e7 r; x* R' M
Awarded Russian contracts2 O3 T% Y; l! o0 O
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.757 _2 m/ r; K6 x
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
1 m7 {$ r$ G$ |. }. b' c/ qRBC Capital Markets maintains "sector perform", 12-month target price is $10.00
! F. O) V* I. v# V* ^- u' k4 C' J( [3 G8 D( b
Sino-Forest Corp. (TRE : TSX : $8.93)- M4 y! M+ s$ |$ r' X' U3 z
Chinese furniture exports rose in November7 h7 f* {7 J/ A/ q7 E
Dundee Capital Markets maintains "buy", 12-month target price is $23.50
, {! V9 M" y4 s( \1 u2 x* n2 b
; T* I9 }' a+ d5 f/ RUEX Corp. (UEX : TSX : $0.88)+ n" D; r$ h1 K, I' p: p
Shea Creek's two largest deposits have become one; R( }# W! l. ~' q( b2 ~3 @3 [; c
Dundee Capital Markets maintains "buy", 12-month target price is $2.75. n5 A- I8 F& F. S5 B
* o2 W- H; R" c' dVero Energy (VRO : TSX : $4.72)
, z! z& k+ C1 A; VReleased Q4/08 results: horizontal focus to continue in F09, a; I0 f2 n {* }" d: a a# f2 h3 g
Dundee Capital Markets continues "buy", 12-month target price is $8.00, ~9 t, a" M+ P0 W3 Z+ Y! w
GMP Securities continues "buy", 12-month target price is $7.50
& B$ U% K$ R. a+ Q$ a; `! y3 }Paradigm Capital continues "buy", 12-month target price is $12.00
( d0 F5 w+ u* T' S: @7 c7 m: VRBC Capital Markets maintains "outperform", 12-month target price is $8.50
9 N7 D% p0 o+ l, p! y' s, T4 _& T: p& n: I9 V* | F/ S/ W" i& g
Wi-Lan Inc (WIN : TSX : $1.75)2 Q, {; t- e4 _ O- x- E, k
Hit homerun with Samsung
% a6 b2 d" C- Z" A2 s" u5 cParadigm Capital continues "buy", 12-month target price is $3.50 |
|