 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
+ J. k0 C" N" k4 p) r( W, R' N* w3 z3 K, E; Y" P6 q% a' @. ~
Absolute Software (ABT : TSX : $3.36)5 \, I1 x4 R9 `1 H3 y/ {# W
Bracing for a tough few quarters' G+ V; D+ k u8 O
Canaccord Capital maintains "hold", 12-month target price is $4.50
5 J5 a( x. E! j; B- z; G& e6 F$ L; Q8 C* H' m% r! F2 o {2 ^
Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)& e; M' y9 c! R: M7 y& L( f. ^
Growth outlook, challenging pipeline and high cost structure make future unclear4 Z: R' n: a# r2 S+ S7 u
Blackmont Capital continues "hold", 12-month target price is lowered to $48.00$ B' N0 M% |4 N
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00 }9 g; P" F1 J# ]! E
! E8 R ~! ^. `! _, |. i
Astral Media (ACM.A : TSX : $22.98)
( l0 d4 U8 r6 Q7 KReleased Q1/09 results: strong, in light of challenging operating environment
" v4 T' b' E1 fBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00) t. b( z+ a3 d5 \- `4 s
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
n; d: c1 B0 n; sGMP Securities maintains "buy", 12-month target price is reduced to $30.00
* W7 S8 s8 [) q. L7 RRBC Capital Markets continues "outperform", 12-month target price is raised to $31.007 j5 ~9 O/ W/ s4 r% P
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00& N- T# a1 @# ^! P7 L ?: I
; [% s# Z/ _8 k& r) kAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)# J: `8 k$ B! |6 O: E
Well positioned with gold production forecast to double this year and next
8 w5 K$ s5 m @$ RBlackmont Capital continues "buy", 12-month target price is lowered to $83.00
$ ]* z$ l7 ~2 n* {- E& j: {TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
; Q% ~ e1 j) ^1 D
" @) v$ g" l" u- j+ }0 u! oARC Energy Trust (AET.UN : TSX : $17.15)$ K0 C% u0 T% M2 y) r6 u$ M
Reduced distributions by 20%; capex also cut, F1 F4 Y, M& e
RBC Capital Markets continues "outperform", 12-month target price is $19.00# Z- {( H/ A( }) r* S$ B2 s
8 n9 W( s: V3 v7 h
Andean Resources (AND : TSX : $0.75)
) c# ~2 _5 J% e6 [# B# Q4 A: bAnnounced F09 outlook" P- H: z8 ~% S8 ^
Paradigm Capital continues "speculative buy", 12-month target price is $2.25+ A* O+ X/ a8 A2 Z4 T# N" H
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00 H% z2 D* U/ V1 T# `' ~
9 q- p" C2 @$ [* D. q& ~
Bombardier Inc. (BBD.B : TSX : $4.65)- @! j8 g. `# z, T! ^# Z
Rising challenges in Aerospace; m9 {; M9 L# q( F
GMP Securities continues "buy", 12-month target price is $8.00
1 y( i7 v/ l6 N
4 L( C& M( N, D2 c' `Bank of Montreal (BMO : TSX : $31.84)( @: m# h6 k$ I8 F# N
Acquiring AIG's Canadian life insurance business
4 ~$ d/ N/ l5 \, q; r/ ZTD Newcrest continues "hold", 12-month target price is $37.00
) ^) E& l! e1 X
7 D; c1 d0 u1 n7 ^0 \0 B E6 \Cogeco Cable (CCA : TSX : $33.37)
2 V8 E% ]8 r6 _. [' K. JQ1 review: Canada results encouraging, but Portugal remains a drag# a/ X; h4 u$ U* g2 E
BMO Capital Markets maintains "outperform", 12-month target price is $46.00
# I2 v: \6 R" n* i+ zDesjardins Securities continues "top pick", 12-month target price is $40.00
: c& Z! a9 U- [) r6 ORBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
! X; F/ ?5 m+ r% G& T& oScotia Capital Markets continues "sector outperform", 12-month target price is $55.00* _' u/ ~; e+ \: j U" |9 c5 k0 E
; @# J! v7 A5 `( D1 L8 g3 k, sCorridor Resources (CDH : TSX : $2.45)
7 Y& D0 H+ r3 q8 Q7 W p/ Q; {Capital budget set to expected cash flow; production guidance lowered
; Z2 X- d0 e! D3 h2 p( v0 ~RBC Capital Markets maintains "outperform", 12-month target price is $4.25
" V7 \' a- C% S4 k9 ~8 {( i- E8 s
1 n$ W9 B% o$ q9 w* |; q9 Z/ HCOGECO Inc. (CGO : TSX : $25.14)( Q7 D! \ P0 h- H& {
Strong radio and cable drives 39% EPS growth. k& `: `% e) J
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00& _$ A1 T8 y! l" e' ^) W
# {: C$ R9 `' R- |. H
CanWest Global Communications (CGS : TSX : $0.51)5 y9 j5 ]; z8 E8 b( n
Taking action to address tough operating environment
& y3 W; ` i; s* \) s9 ^% F0 i. kBMO Capital Markets maintains "underperform", no target price reported, t3 t! ~, {6 L1 l& ]5 y
Credit Suisse maintains "neutral", 12-month target price is $1.008 t3 C+ e V5 V7 D* I
GMP Securities continues "reduce", 12-month target price is $0.50$ P5 E: P2 D3 f, K( `3 b3 L
RBC Capital Markets continues "underperform", 12-month target price is $0.75
2 v8 X5 _5 k7 h. E, y: F9 YScotia Capital Markets continues "sector underperform", 12-month target price is $0.502 W; S$ A. M5 X& Y+ { p- Y
6 n- L1 B! ]; F y8 O9 t
Corus Entertainment (CJR.B : TSX : $12.47)
, k7 Z V6 L3 DQ1 revenues in line, EPS beat" x! l1 `& l5 \, c
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.000 s4 }4 j" O* c
Credit Suisse continues "outperform", 12-month target price is $20.00
7 r5 J+ L( R5 L4 h) k: H2 JDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00
- |6 A/ I8 e! o0 vGMP Securities maintains "buy", 12-month target price is reduced to $17.005 ~" J% ?- S1 ]* s+ ^
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
8 V- f( N6 q8 q9 U0 V9 \; S& z# ^Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00 x; b P- t& }
* M/ V; A. r2 V& d t+ E, eCalloway REIT (CWT.UN : TSX : $11.84): T; V2 A/ u3 U- z$ i/ ~5 M
Held investor day( w v! P. W7 @2 N7 r A( t; Y
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00* U5 D8 z: _+ o' ]& s4 L5 g7 D1 E
$ }+ K; r6 y7 ]# B2 w. q
Daylight Resources Trust (DAY.UN : TSX : $7.77)1 O# |, ]* c) I; S9 k+ w7 m
Reduced distributions by 38%; guided for lower capex
# `" n; L3 V0 w9 A- j7 P7 t2 C6 DBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00- w+ r3 Y9 M2 R; r
Dundee Capital Markets continues "buy", 12-month target price is $12.00 i, y' N# M+ p L7 f2 @0 B" e
TD Newcrest continues "hold", 12-month target price is $7.50, ]2 v. k+ b7 ~8 g
. ?4 i. R$ D: b4 ~
EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
! b% z. T8 p2 f2 S) R1 J3 `Steady market and currency tailwind$ n/ A) Q1 G4 f
TD Newcrest maintains "buy", 12-month target price is US$5.00
7 w7 e3 l5 W' y% F& m' c H1 E3 x+ R# R
Goldcorp Inc. (G : TSX : $29.74)
9 z; K2 F" o9 d9 `) SRevised commodity forecasts% u. e P8 ^% r
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00
X3 P% g/ ~5 T+ ~
. }3 Z2 ~+ F) t0 s8 K9 B4 QHeritage Oil (HOC : TSX : $3.77) l9 D# T: s# \& Q2 Z
Announced Ugandan commerciality on exploration success
7 h* C+ W# L& ?% x. GTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
% o3 [+ o& M& B% f c$ X' X- r! m5 v, E% w7 N( f3 ^9 S N: V# g
Harry Winston Diamond (HW : TSX : $4.98)
* t9 g8 B( E3 ?Retail division suffers, O6 D9 E0 ]& a0 s- G
Desjardins Securities maintains "buy", 12-month target price is $12.602 d. {( d4 P) C# L# P
/ [0 [! t7 b8 gLaramide Resources (LAM : TSX : $1.84)
* s6 `6 \+ B9 E& o& _* V0 G# oWestmoreland provided more high grade at Redtree's Jack Lens4 X8 N1 f" G2 m$ f; v
Dundee Capital Markets continues "buy", 12-month target price is $2.30
+ B+ K3 K( {& r& Y/ l, ~& S& Y5 y" ?5 W6 K$ y. |
Lockerbie & Hole (LH : TSX : $6.00)+ ~- W: z# x% {% C
Released Q3/09 results: very strong, focus should be on active backlog
1 G; I4 [5 C* H* |GMP Securities continues "buy", 12-month target price is $9.00% a1 e3 B; l+ e" _* M% R, X
Raymond James maintains "market perform", 6-12 month target price is $8.25
' w6 L8 A# g1 R
' ~1 X! o( |" o& _Livingston Intl Income Fund (LIV.UN : TSX : $6.00)
" q6 U9 H6 u" d! u) pReduced distributions by 70%7 R$ M$ m3 L3 k- y+ m: V
RBC Capital Markets maintains "outperform", no target price reported, F. [5 R/ ]# g: P
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50; F- T9 v! O5 |2 y) B8 n- d7 m
2 u* q# w0 L( U, }5 r6 }1 L b) o; ?Matrikon Inc. (MTK : TSX : $2.04)
7 `0 Q/ P o( u1 |' c1 YReleased Q1/09 results: a little light, but still respectable: V; ~! F% I$ V0 O
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50& y1 V8 m: M) E
Paradigm Capital maintains "buy", 12-month target price is $4.001 x# D5 W4 O& M, M" ? n6 y! M
! D- X0 X; d- I, c1 NMullen Group Income Fund (MTL.UN : TSX : $10.97)
; h2 X5 j. T4 W3 ` R- h: jExpecting lower CFPU on higher taxes$ p/ g* `" G5 L' I H6 W+ Q/ D
BMO Capital Markets continues "outperform", 12-month target price is $18.00
. y/ ~; i4 v- f+ R# R0 ]5 ERBC Capital Markets continues "sector perform", 12-month target price is $12.00
* T: B. i7 c0 c4 @4 {9 d0 N/ j; ETD Newcrest continues "buy", 12-month target price is $17.00
$ b6 s6 W. o, P1 m% }5 z
( b4 w$ G9 k! I9 {, I/ t6 o- WNorthgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
/ N- u" N2 R: U1 T; BReleased Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain
9 K. l( M' ]7 W! h! `7 eBlackmont Capital continues "hold", 12-month target price is reduced to $1.25
- F5 N( [4 c8 o' w- kCredit Suisse maintains "neutral", 12-month target price is US$1.00) g9 h1 A8 G: @& i) u( g
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
% p) |5 @2 H/ M( G9 Y; W5 x/ B* r/ H) k) y7 z$ g$ W
Neptune Tech & Bioresources (NTB : TSX-V : $0.79)2 q4 }7 h/ c/ F9 [% D
Dietary supplement business facing headwinds
6 ]/ d, t+ p# {Paradigm Capital maintains "buy", 12-month target price is reduced to $4.002 Z* j. M6 S) n2 z7 j, R6 m3 {2 }( e
* u+ J9 d; i0 Y% M+ }; S! x
Open Range Energy (ONR : TSX : $1.18)# V1 ^1 |5 J; T! `# ]5 z- Z" P1 ~
Provided operational update and F09 guidance
0 S/ u: F) u8 O2 ]Haywood Securities continues "sector outperform", 12-month target price is $3.25
2 b7 c' f a; y
6 }4 c G. t5 AOsisko Mining (OSK : TSX : $3.13)
5 s7 m9 Y" W, a; B+ D3 k" ISouth Barnat resource around the corner
: a) P$ D' s: k0 L S$ V- b4 @Paradigm Capital continues "speculative buy", 12-month target price is $4.756 B( u9 a% Y. M5 F1 z [
+ r. s/ l) V& N( N: h" W( j0 Y
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
2 {3 I+ ] H) @0 i8 h* T& S9 lProvided operational update- |/ i0 h7 ?% k* L7 Z
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
9 E) E# E+ x! C. z. \TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50/ n& Z0 c1 O- }. [+ P
5 A3 H5 j( `9 E V- y& ^( ^
Paramount Resources (POU : TSX : $7.85)
- W7 [+ c3 r! [# }" RProvided operational update: Grande Prairie emerging as the key focus for F097 k. J' d2 Z3 k) [9 B! s
GMP Securities maintains "buy", 12-month target price is $12.00$ Y# X5 ~7 B0 ^5 Q+ N; |. F t8 b
6 v, a' B5 C( XRockwell Diamonds (RDI : TSX : $0.07)
0 x+ y; d0 E! f6 B! g& ?Operations starting to turn the corner7 C$ n' e7 p- v" g2 \. E
RBC Capital Markets maintains "outperform", no target price reported; G2 c/ H+ U+ d% r
J& D2 `0 c. C7 `( i) I/ C' O6 u
Shaw Communications (SJR.B : TSX : $20.13)( s2 M V4 o& m
Released Q1/09 results: in line, subscribers ahead0 `4 T3 m( Z1 c1 o! z
Credit Suisse maintains "neutral", 12-month target price is $25.50
, [# m3 |! z' K S* b& vGMP Securities continues "buy", 12-month target price is $26.50% U" z. R0 _( ~8 Y2 u
$ Z5 H" s' J; K9 ~; ~' J' ~Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)9 [/ E" }4 l0 _
Held a sell-side lunch showcasing new U.S. team$ W+ L3 d1 z! `. Q. y- S# |
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00$ E: @3 P/ P4 L/ C. N4 R+ r/ D; q
! g; \! x( [" {! R
Trican Well Service (TCW : TSX : $6.93)& K. Z, C% h* @; w1 Q' s
Awarded Russian contracts
8 {# j2 Q* g- |, I4 Y& a& S1 B) m- YBlackmont Capital maintains "hold", 12-month target price is reduced to $8.757 W; [" i* ]: Z0 f" y. C
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
% P5 [# \2 ]1 J2 B+ @RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
% ]1 ]7 z: s/ @! R) Q( \+ ^; n7 @% d& ?( |6 ~
Sino-Forest Corp. (TRE : TSX : $8.93)" s* x6 C/ V F6 Y* V P0 x9 S
Chinese furniture exports rose in November
8 w6 V% e3 B, @5 YDundee Capital Markets maintains "buy", 12-month target price is $23.50
+ D8 S9 n7 G+ a$ F
( P. Y9 ]# ?: Y$ _; F: uUEX Corp. (UEX : TSX : $0.88)# z+ U* R+ _7 L- ^ N
Shea Creek's two largest deposits have become one% m5 K5 b6 o' x# h! n/ m
Dundee Capital Markets maintains "buy", 12-month target price is $2.75: n- G' f2 ~% @( s9 ]7 r
9 ?8 u3 r+ m1 y1 F6 P% M' u
Vero Energy (VRO : TSX : $4.72) ~ H4 U9 n8 f. p4 [/ T1 i4 \6 l" T
Released Q4/08 results: horizontal focus to continue in F09' K3 F6 P: M# C
Dundee Capital Markets continues "buy", 12-month target price is $8.00$ O( \9 y1 ?/ E# K# \
GMP Securities continues "buy", 12-month target price is $7.50
. m& Z+ o. u- u4 b4 v! V+ [Paradigm Capital continues "buy", 12-month target price is $12.002 S. m1 B2 V2 i9 T$ |: B j j
RBC Capital Markets maintains "outperform", 12-month target price is $8.507 n$ \6 i4 Y) z
/ p6 b7 @2 i6 }, n2 ^- O6 x; ]
Wi-Lan Inc (WIN : TSX : $1.75)8 z4 C8 f, x7 ^3 o$ X2 o+ v
Hit homerun with Samsung
$ C* c6 P8 a) }# m" x2 K/ ?Paradigm Capital continues "buy", 12-month target price is $3.50 |
|