 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009. ^2 ?- J. n1 C
# X: T* g7 [( w8 `) Q3 X
Absolute Software (ABT : TSX : $3.36)
/ U2 f5 I7 B& k; D" i( q8 B) J4 `Bracing for a tough few quarters4 \) m3 @8 u2 Y) ]; ?
Canaccord Capital maintains "hold", 12-month target price is $4.50$ g( V: F& m: \) [
! T2 j* D2 T3 q" Z$ E
Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
% a6 h, G6 V. e: j( ?" U% g" f, B+ QGrowth outlook, challenging pipeline and high cost structure make future unclear
9 d( o, E7 Z+ t' X6 sBlackmont Capital continues "hold", 12-month target price is lowered to $48.00
1 Q' q/ N# A$ a4 U' f/ C; M* V6 t eTD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
! c+ v# ~/ e/ f9 M
# A s- f8 K) \Astral Media (ACM.A : TSX : $22.98)
1 v N2 z; ~, {! m* v; Q d- g1 gReleased Q1/09 results: strong, in light of challenging operating environment
, ?" W B/ J8 O5 d, N7 {BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
; r; U0 x: L' j+ hDesjardins Securities maintains "buy", 12-month target price is slashed to $28.00 u; ~3 `; M: Q ?0 e9 c9 X
GMP Securities maintains "buy", 12-month target price is reduced to $30.00
" N& b5 @( y4 t" B& U/ VRBC Capital Markets continues "outperform", 12-month target price is raised to $31.00 t. n- ], B6 Z
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00/ B, j4 j" Q: L8 Z1 K
* N4 z; i5 a, _! q$ Y5 d- i
Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)
$ u# e9 l# P& J) O1 Q% I T- l( xWell positioned with gold production forecast to double this year and next
8 Q* Q1 \' B: Q9 ?$ F2 ?Blackmont Capital continues "buy", 12-month target price is lowered to $83.00
5 [: ]0 d9 Q5 O$ U2 [' Y" oTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.006 C! W) [* T- m- Q
: H. i3 z2 s3 @0 Z% kARC Energy Trust (AET.UN : TSX : $17.15)
( I9 J, O# g* k- S6 m6 n; o" gReduced distributions by 20%; capex also cut t8 z. ^( \! A; }& _+ C8 W
RBC Capital Markets continues "outperform", 12-month target price is $19.00 ~9 v [* b) O6 Z* X) |. T* S
+ b9 E ?4 w5 m( D$ b
Andean Resources (AND : TSX : $0.75)
, z, m4 {/ }" l0 @Announced F09 outlook9 q1 @* n5 N& o: c ~7 X
Paradigm Capital continues "speculative buy", 12-month target price is $2.25
0 ?' Y( U; ^1 S5 C% zTD Newcrest downgrades to "hold", 12-month target price is cut to $1.00( O% K1 y7 x# Y8 U0 H
% `6 @/ }# V N) A1 H' P( h& f
Bombardier Inc. (BBD.B : TSX : $4.65)! c/ M& w: u% D. {
Rising challenges in Aerospace
: e: I/ V/ N" `GMP Securities continues "buy", 12-month target price is $8.000 ]+ L- ?( x4 P9 G) G% Q# P( d( f/ G3 {
" v( b, `6 r, g1 M5 r3 G
Bank of Montreal (BMO : TSX : $31.84), I7 ?# f7 W% m; S% \8 I* Q' Y- l
Acquiring AIG's Canadian life insurance business
/ `, p; ]1 D. E8 r$ E$ J) p# I i% QTD Newcrest continues "hold", 12-month target price is $37.00
' r9 R" s, }5 h& V
" w i. g3 z" h, WCogeco Cable (CCA : TSX : $33.37)2 K7 O2 ^5 r$ u' C9 I, s
Q1 review: Canada results encouraging, but Portugal remains a drag: ?1 K: _3 ?1 {5 x
BMO Capital Markets maintains "outperform", 12-month target price is $46.00
9 Y/ d n" M p5 P& ^7 t2 vDesjardins Securities continues "top pick", 12-month target price is $40.00
+ l. N: O/ M. q2 M( CRBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00+ Y& [* X8 D1 K. j
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.00
2 E b" D1 @, o4 x1 }' R' [
c6 Y! @# k0 u) a" iCorridor Resources (CDH : TSX : $2.45)
' V9 C# A, x" @% O8 cCapital budget set to expected cash flow; production guidance lowered
; |( S5 b. E; sRBC Capital Markets maintains "outperform", 12-month target price is $4.25
# L3 h. k$ X4 H7 y
+ ]9 |( r) ^9 g. x7 S* d' kCOGECO Inc. (CGO : TSX : $25.14)2 ^* m2 T d7 b4 p" G
Strong radio and cable drives 39% EPS growth: d: B# \ l) P( A" M# d% r
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
4 }& c# C+ |0 t! y" ^
- P9 j. x' z6 _6 Y. r1 |; w; ?CanWest Global Communications (CGS : TSX : $0.51)
4 v! Z" ]" L" q# H/ ]& S1 rTaking action to address tough operating environment
6 z4 Q8 j9 ]. \( t/ ^BMO Capital Markets maintains "underperform", no target price reported) r& B. r) R9 f6 E; k3 J
Credit Suisse maintains "neutral", 12-month target price is $1.00* P( ^% {$ L' t6 m: e( h
GMP Securities continues "reduce", 12-month target price is $0.508 L0 u; b" H4 d
RBC Capital Markets continues "underperform", 12-month target price is $0.75
3 y/ Y& Q3 A/ p. `4 mScotia Capital Markets continues "sector underperform", 12-month target price is $0.505 y# l: k& o7 J2 T
) C: }' l( v! ?$ v' f
Corus Entertainment (CJR.B : TSX : $12.47)
2 |3 R: m# h( @$ x$ c! rQ1 revenues in line, EPS beat
9 p: N4 F7 t4 x) L- }( {/ q1 vBMO Capital Markets continues "market perform", 12-month target price is cut to $15.00
% t1 B( U; O3 _: n9 |- `Credit Suisse continues "outperform", 12-month target price is $20.00" W+ ?5 P8 h' Y- ]* z
Desjardins Securities maintains "buy", 12-month target price is lowered to $15.00: j' r& q9 s g& @( C0 L
GMP Securities maintains "buy", 12-month target price is reduced to $17.009 ]0 j5 v7 h" Q1 |4 l- _$ o
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
5 G% g9 m/ V" }1 P) CScotia Capital Markets continues "sector outperform", 12-month target price is $18.00$ @ j; _& L! Y4 V6 I+ i: b1 V
' i# U1 X8 d9 O
Calloway REIT (CWT.UN : TSX : $11.84)9 q7 f* o" l0 Z( o/ x8 Q' l
Held investor day
3 R) }) ^ a4 U. iScotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
3 z* e3 L8 `1 ~- I8 E: q& M2 Y( _2 W. |+ n A2 F
Daylight Resources Trust (DAY.UN : TSX : $7.77)
+ L" z! H; w6 {. V: H) cReduced distributions by 38%; guided for lower capex" k- m6 X5 l# p5 a* H
BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
/ z( f) J( P+ n. U2 O; e7 @Dundee Capital Markets continues "buy", 12-month target price is $12.00
- ?0 | h/ R% ?! W: }TD Newcrest continues "hold", 12-month target price is $7.50- k E, u. {3 v
9 e: O6 F& B, i" k/ T5 H1 ?& [
EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
% r( |8 _9 Z! E3 dSteady market and currency tailwind
]$ A' H& Y& n V$ s1 e7 p( GTD Newcrest maintains "buy", 12-month target price is US$5.00* O' `% y& k3 k2 h
1 p" x+ ]% p9 L0 A1 y0 J
Goldcorp Inc. (G : TSX : $29.74)
; y% b. W# y& T" dRevised commodity forecasts
1 ]; D0 n8 g/ V6 @' M; }# x0 @Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00
% p" q: o4 U, n
) F! j) m" ]* ~2 j& p' s- G3 A kHeritage Oil (HOC : TSX : $3.77)
/ @" f; s8 P0 `6 bAnnounced Ugandan commerciality on exploration success, K+ V$ y$ j! s- V' u
TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
/ U9 R, {/ V4 J, t" p, B7 q; i- @
; }) l, u& h! O* a- cHarry Winston Diamond (HW : TSX : $4.98)% B; T2 e8 B* U8 f7 o2 H3 X
Retail division suffers
" M( E- _/ k* D8 @Desjardins Securities maintains "buy", 12-month target price is $12.60% P4 x o8 a( a4 @3 N8 y
- F* _* F9 |$ L) y6 A3 T
Laramide Resources (LAM : TSX : $1.84)- Y+ I) k$ L( D
Westmoreland provided more high grade at Redtree's Jack Lens# ~2 ?) N4 [9 J. H0 b- r! d
Dundee Capital Markets continues "buy", 12-month target price is $2.30
& C% F% j* h9 j. ?. A X! w
6 \9 G+ E; `' ]Lockerbie & Hole (LH : TSX : $6.00)
9 b& q/ ^: A9 v7 p t' }/ cReleased Q3/09 results: very strong, focus should be on active backlog& y# m3 u0 Y. i1 w
GMP Securities continues "buy", 12-month target price is $9.00
( {' G7 Z. A6 f7 M" pRaymond James maintains "market perform", 6-12 month target price is $8.25- X5 e: r0 j! U7 _" V
& F- w! J: T5 ~: d8 C& RLivingston Intl Income Fund (LIV.UN : TSX : $6.00)2 G/ v6 S n5 Z2 y+ S
Reduced distributions by 70%
6 ~6 k- c. B3 ~5 t5 G, Q' tRBC Capital Markets maintains "outperform", no target price reported. {: L7 @. {' e: L) j1 j6 J' z7 [
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50( s+ O5 o- m0 i" l
1 D9 j3 g" \# u! p: V
Matrikon Inc. (MTK : TSX : $2.04)
, o9 n1 P5 I2 T: {9 | oReleased Q1/09 results: a little light, but still respectable
' A; S) a0 j. P, n! _* n3 b" Y' J3 ABMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
' X) Q& a9 l, a% n4 |% l: n; ?Paradigm Capital maintains "buy", 12-month target price is $4.00
7 q- X2 _! G+ Y: Z2 p) p% i9 t5 D M+ P
Mullen Group Income Fund (MTL.UN : TSX : $10.97)
6 L% r; h3 e: l) M/ o: S' eExpecting lower CFPU on higher taxes
4 v$ e% y2 ^ Z) O* f7 E- L% ?BMO Capital Markets continues "outperform", 12-month target price is $18.00
( ?$ A& K2 x: W0 k8 Y* N+ Q3 LRBC Capital Markets continues "sector perform", 12-month target price is $12.00
% W) H/ t2 N; [8 |) j9 }+ t% STD Newcrest continues "buy", 12-month target price is $17.00
4 G, ^- H! v S2 y& \( H9 u( x' j7 o0 g7 p) s X
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)6 {! m( e4 x1 ?- F9 r0 N* ?. u
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain
; X! G/ a9 W2 Q( k4 d' q% JBlackmont Capital continues "hold", 12-month target price is reduced to $1.25
$ ^1 y1 s; ^/ T3 xCredit Suisse maintains "neutral", 12-month target price is US$1.00
' _2 G8 p6 ]9 S7 W( z) a. ]0 F9 yScotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
2 v" N$ G3 U2 L/ K+ m( A I! R8 d, V$ Y! g8 |1 l7 T6 f
Neptune Tech & Bioresources (NTB : TSX-V : $0.79)
) V5 k5 H8 \; L, u' x, \' ]* WDietary supplement business facing headwinds
% L& Z0 Q% ]# s3 w) I( s/ p* q: d! tParadigm Capital maintains "buy", 12-month target price is reduced to $4.00 N S1 u1 g' y. ~7 ?
+ T, g3 T! v. c; U1 {5 k# N7 |, r; UOpen Range Energy (ONR : TSX : $1.18)
3 ?/ V* H# H3 u! {5 B/ \# A4 fProvided operational update and F09 guidance' I4 V7 o: D$ \2 ]4 V
Haywood Securities continues "sector outperform", 12-month target price is $3.25& W! L' k$ V H2 j6 S
! l& J3 D* ~, q
Osisko Mining (OSK : TSX : $3.13)6 s& w: C8 E& H1 \
South Barnat resource around the corner8 G* `' P. Y& ~/ m0 h
Paradigm Capital continues "speculative buy", 12-month target price is $4.75) o. z# ~3 Q/ D! C" A& v( {) \
2 A$ g0 x4 \& p! ~0 W
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)6 r1 R) d, W9 r0 F
Provided operational update
: _/ G/ i- d# G" T! LBlackmont Capital maintains "hold", 12-month target price is lowered to $19.008 l2 N7 a8 M( G# G& _8 G; ~, L4 Q
TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50$ Q8 c2 y3 S7 A9 @- B
# H" k- u1 L' E5 q
Paramount Resources (POU : TSX : $7.85)
" s- o. c& t; A* P% o/ E7 lProvided operational update: Grande Prairie emerging as the key focus for F09
- [3 \+ P! U8 R& r& F- C3 m3 vGMP Securities maintains "buy", 12-month target price is $12.00
. _+ W$ W$ J3 U: V* t7 E/ Q+ ^9 T+ X
Rockwell Diamonds (RDI : TSX : $0.07)
) \' H: L9 }+ hOperations starting to turn the corner$ \ x. H; d8 w9 U) n# B8 I* o
RBC Capital Markets maintains "outperform", no target price reported
( Y4 C7 I5 `/ f$ u+ G7 l- z% V! ?& k. l) c8 R2 x
Shaw Communications (SJR.B : TSX : $20.13)
" }) x5 ]0 h. {; j7 L! h: CReleased Q1/09 results: in line, subscribers ahead
! |* Q. _& n2 c/ g" u& t# I7 r9 s% lCredit Suisse maintains "neutral", 12-month target price is $25.501 N1 P Q" P8 U `. G
GMP Securities continues "buy", 12-month target price is $26.50
! G2 K k' f9 g0 W( m" r' W' `7 H
: U( i% m; Z, ?2 K, L! OSun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)7 J' Q7 G5 c' E" b; |5 Q
Held a sell-side lunch showcasing new U.S. team' o5 }7 ?! m! K! Z4 _7 t$ B
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00
/ ]$ H1 _ w, H+ H: W! Q2 J) J( m
Trican Well Service (TCW : TSX : $6.93)7 D' F3 |( Y! ~
Awarded Russian contracts
0 @ l8 a! o' J6 D3 P/ V2 A$ z# J& E4 zBlackmont Capital maintains "hold", 12-month target price is reduced to $8.75$ F: E+ K/ j% @8 Q: ?! _# \
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
5 Y+ P, j1 u: B- m5 w/ D" ZRBC Capital Markets maintains "sector perform", 12-month target price is $10.00
: p t1 L5 h" [8 U! s
- Y% ?. [+ f9 ?* x( x0 c' C; oSino-Forest Corp. (TRE : TSX : $8.93)
; V6 M$ l5 i& o0 w4 _Chinese furniture exports rose in November6 H- Y* R% ` T2 _& H, \
Dundee Capital Markets maintains "buy", 12-month target price is $23.50& @: a3 L0 ~5 z4 b( a' C
; j' e, N8 a# v, V# h$ Q
UEX Corp. (UEX : TSX : $0.88)
- x; v. p9 {6 }, m( ]& l( G8 xShea Creek's two largest deposits have become one6 t8 N! N, |1 }, T$ [8 P: D
Dundee Capital Markets maintains "buy", 12-month target price is $2.75
2 h% m3 Z, P- h; p1 v7 }& G, t6 a0 o) Z1 T. ^
Vero Energy (VRO : TSX : $4.72)
. m: z) \& ? ZReleased Q4/08 results: horizontal focus to continue in F09
5 ?8 [% t0 f3 [# q; @Dundee Capital Markets continues "buy", 12-month target price is $8.005 ~/ \" a4 R( r& r1 c! h1 Q
GMP Securities continues "buy", 12-month target price is $7.50
9 M$ B" M! Z/ a3 X) z6 SParadigm Capital continues "buy", 12-month target price is $12.00
( R" y' M& V8 @4 C! _$ oRBC Capital Markets maintains "outperform", 12-month target price is $8.50
' ?. S: f; r. g2 e1 p ^' L2 V) q2 ?- [# i7 T7 a3 Y* ]. C
Wi-Lan Inc (WIN : TSX : $1.75)3 p6 G w' E9 b: ?4 A; a
Hit homerun with Samsung* b3 h; Q( _" g; e- M% [5 u
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|