 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
1 C' L1 N! h; \! z! @
$ I% L$ r% g# e2 \3 `# y6 {- h" x( CAbsolute Software (ABT : TSX : $3.36)
7 m0 ^) u9 u- X6 R: O* G) H5 Z2 _Bracing for a tough few quarters
7 c* x& v" g4 DCanaccord Capital maintains "hold", 12-month target price is $4.50
" c. j: K" J1 A8 c5 I. d
! L0 W# n1 r; u6 }' OBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
1 s1 U0 q. P* P: LGrowth outlook, challenging pipeline and high cost structure make future unclear9 y! x9 L% A" P% d4 \7 r% ~. p, Z
Blackmont Capital continues "hold", 12-month target price is lowered to $48.009 E2 a9 F4 d$ J- l' M# n
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00% h8 F6 E6 z* h; h' y7 n
8 \! ` V! u* T5 X) d, h
Astral Media (ACM.A : TSX : $22.98)! p& M' G; ^0 v* N/ Z( p
Released Q1/09 results: strong, in light of challenging operating environment
# s1 q" y9 ?+ Y* v% tBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00: t9 A4 H8 O+ J" U
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.007 x& y+ \9 ]# T2 {1 g& @
GMP Securities maintains "buy", 12-month target price is reduced to $30.00
; K: M; x8 m+ J! h, w3 ZRBC Capital Markets continues "outperform", 12-month target price is raised to $31.006 }" a2 x, E3 S5 ` P: h Q3 {
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00
: c) w2 Q. L: I& m! a1 P( P/ C: q4 \1 X' u6 K# J$ _% w
Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)$ [3 n& s; _' P) P4 w
Well positioned with gold production forecast to double this year and next
: n8 T* i6 u' I* @* t. {Blackmont Capital continues "buy", 12-month target price is lowered to $83.00
# l/ o- |3 y$ P) Y: TTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
4 C3 U2 b& K* ]; ^# i5 r; l0 p }9 t/ R, e3 x; F
ARC Energy Trust (AET.UN : TSX : $17.15)
' g9 W/ x. ?2 ]3 I3 vReduced distributions by 20%; capex also cut
5 V- K. x, n# p+ Z7 D) Y% v( f4 qRBC Capital Markets continues "outperform", 12-month target price is $19.00/ D. S. ?7 {9 L
( M8 W& r& O; Z# Z! X
Andean Resources (AND : TSX : $0.75)
1 q1 K# ^4 T& Z8 r$ L: y4 KAnnounced F09 outlook
0 o$ ~2 s' ^! @5 S- q6 pParadigm Capital continues "speculative buy", 12-month target price is $2.25: i$ ^ b7 @* I9 f& C) }0 G) I2 ^
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.006 H$ d# x, ?" H6 L/ K1 s1 f* T& {% Y) J' ~
$ `% V9 }: H7 ]5 q
Bombardier Inc. (BBD.B : TSX : $4.65)* s- V9 i5 k0 c8 ~( J4 @/ F5 W
Rising challenges in Aerospace
. F4 s' K; f) ~2 T# [GMP Securities continues "buy", 12-month target price is $8.00
& Q8 q& _+ T( o0 j6 H! m
7 s6 X. e( n# c4 ~ @- hBank of Montreal (BMO : TSX : $31.84)
: ^# o/ ]' j) m8 ]Acquiring AIG's Canadian life insurance business
d' U8 x5 x* Z8 w$ dTD Newcrest continues "hold", 12-month target price is $37.00
. B U+ i! v4 A7 M$ p0 I/ n# n8 `. U' G D
Cogeco Cable (CCA : TSX : $33.37)
! s) g: k: i) t8 yQ1 review: Canada results encouraging, but Portugal remains a drag
! N9 a) N$ y* rBMO Capital Markets maintains "outperform", 12-month target price is $46.009 `! _! m0 ^2 W0 I- r6 R4 Z, z
Desjardins Securities continues "top pick", 12-month target price is $40.00, X1 u" G3 n6 r4 v
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
- C* _; l+ \ UScotia Capital Markets continues "sector outperform", 12-month target price is $55.00; C* ]) Y* p5 p5 V/ y' H
2 Z$ _! }4 T( t+ ]* i5 D$ [Corridor Resources (CDH : TSX : $2.45). _5 N' C( p2 t K6 D1 P
Capital budget set to expected cash flow; production guidance lowered$ i: b2 ~) F0 x6 [3 L
RBC Capital Markets maintains "outperform", 12-month target price is $4.252 [( y. M* t& H5 q* I) ]3 T7 K
: R5 i# [- {$ o3 HCOGECO Inc. (CGO : TSX : $25.14)3 `3 j s. b3 W8 x& H& T
Strong radio and cable drives 39% EPS growth
- F! Z; Z8 K+ R. O+ \Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
( C2 o r2 R$ D$ `- a7 l$ [. A7 [% E4 g3 w' t' p2 u; R
CanWest Global Communications (CGS : TSX : $0.51)
4 |) |0 U0 _; r7 HTaking action to address tough operating environment Q H8 c: s8 U' y3 d1 W9 e5 M2 n
BMO Capital Markets maintains "underperform", no target price reported
! Y# ^+ @) A4 H" R& `. cCredit Suisse maintains "neutral", 12-month target price is $1.00" R: f$ J7 `7 y0 a5 ]
GMP Securities continues "reduce", 12-month target price is $0.50
6 W! K$ V+ {' p' l2 c) ERBC Capital Markets continues "underperform", 12-month target price is $0.75, J" |. ?! L9 J8 e1 ~- b' ?& I
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.507 D4 s* m" q& p8 t% a
0 l* [( M2 I8 c3 y9 J
Corus Entertainment (CJR.B : TSX : $12.47)
( g( }+ F' e5 Z4 F- bQ1 revenues in line, EPS beat( p% Y& f/ C0 ^, ?) `
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00
$ z0 o+ @" W; @$ M0 ]4 l3 J0 HCredit Suisse continues "outperform", 12-month target price is $20.00
/ V5 C* U# m) f; F: d5 j% A- D; }Desjardins Securities maintains "buy", 12-month target price is lowered to $15.00
! m0 Q+ k7 T4 @8 g# S4 ]! I9 ?. L! yGMP Securities maintains "buy", 12-month target price is reduced to $17.00
: W: N3 M1 n+ V3 p- z5 p5 ~RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50* v) O8 h1 k5 E% Q
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
, l; g6 W& R, ]( A4 }/ a5 J4 H6 |
Calloway REIT (CWT.UN : TSX : $11.84)
; M- D1 l9 F( p, W$ Z8 r2 bHeld investor day
, {6 Y% j s* \* sScotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
! c2 R& X+ j/ |" ]/ y- x$ S4 D
/ Y9 u/ ~1 Q8 U) ? rDaylight Resources Trust (DAY.UN : TSX : $7.77)( d6 [1 ^% M/ }
Reduced distributions by 38%; guided for lower capex
5 B! y. T7 D: [' nBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
4 J3 @$ ?2 G/ HDundee Capital Markets continues "buy", 12-month target price is $12.00
1 s! p9 P- g7 t5 X5 iTD Newcrest continues "hold", 12-month target price is $7.50
: S$ k1 o! u6 c D0 N/ G2 C1 C- t6 q/ c, G4 ?. [' I, U
EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)& f1 H# Y7 Q0 f6 p* ^
Steady market and currency tailwind
4 M: A; C# O2 O T# JTD Newcrest maintains "buy", 12-month target price is US$5.00
, ]8 {6 G! j& H3 y0 u" e% |4 N; g, l3 F! ?) z% K! A' ~# u
Goldcorp Inc. (G : TSX : $29.74)
0 c- H+ z8 ?% S6 v4 WRevised commodity forecasts- {3 \; ~; h0 c+ {) |$ M
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00
1 }) J4 |! V' B+ _+ i- S* ^5 V" y5 {* P/ p& T2 t
Heritage Oil (HOC : TSX : $3.77)
# L2 t- n% I" f8 MAnnounced Ugandan commerciality on exploration success4 b7 y- _; Z6 `( ?! i/ i h
TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
/ M( l% i3 b# c7 ?3 Z; [4 p5 R, \
Harry Winston Diamond (HW : TSX : $4.98)* _. T8 @ O. ?3 O1 f! K' U8 @8 T
Retail division suffers
2 g+ {) I7 c4 i u2 t! uDesjardins Securities maintains "buy", 12-month target price is $12.60% U6 p. H& t% w0 L( t
6 i" z# `( P$ E0 cLaramide Resources (LAM : TSX : $1.84)0 t+ y; { w5 l' [, O
Westmoreland provided more high grade at Redtree's Jack Lens
6 v) {+ J5 w) C6 C( @6 p: gDundee Capital Markets continues "buy", 12-month target price is $2.30
* D$ R1 p% d$ x) J) ~' r* O* k3 o; R n( C' X8 R/ A
Lockerbie & Hole (LH : TSX : $6.00). _3 S! F' C! ?" i0 D# C8 M. N. d
Released Q3/09 results: very strong, focus should be on active backlog) x i0 j& M1 T7 V# u
GMP Securities continues "buy", 12-month target price is $9.003 `3 r* M3 r1 V, N
Raymond James maintains "market perform", 6-12 month target price is $8.25
( k2 g0 D! \9 f% o" X r- V9 s( G7 |
Livingston Intl Income Fund (LIV.UN : TSX : $6.00)2 D8 W1 J1 }: P0 q3 a* y* D5 W
Reduced distributions by 70%4 L, o, `, f: }: V# C9 E- I
RBC Capital Markets maintains "outperform", no target price reported
- k; k9 j2 E7 u$ v% L- hScotia Capital Markets continues "sector underperform", 12-month target price is $6.50# y9 t2 M( _6 {2 |6 @5 F
% {; d, L' i6 a, n! b9 W( W) {
Matrikon Inc. (MTK : TSX : $2.04); R# O5 s4 n8 \
Released Q1/09 results: a little light, but still respectable; l' l) c+ N) X
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
$ a3 ~, L( u j n! r0 y( `Paradigm Capital maintains "buy", 12-month target price is $4.00
# y3 z, K$ q& q2 c$ D4 h2 W( x' \0 \9 y8 a, e; f
Mullen Group Income Fund (MTL.UN : TSX : $10.97)
$ S& G4 l# Z5 @Expecting lower CFPU on higher taxes7 J: Y3 N2 L/ I/ I1 Q
BMO Capital Markets continues "outperform", 12-month target price is $18.008 C: e0 m4 C$ M, h9 G
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
/ u) \5 x, e: Y. nTD Newcrest continues "buy", 12-month target price is $17.00
* M6 Y. x' a6 ?6 A# S0 D' A6 O( o x4 \5 [" ?
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)( s& w0 c7 Q+ \" S4 t- `; H" }
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain, e/ Z6 P4 m" k. }' o
Blackmont Capital continues "hold", 12-month target price is reduced to $1.255 [, `- @5 M7 x; n! M# X2 G' {% m
Credit Suisse maintains "neutral", 12-month target price is US$1.00% O; z1 }* \ i4 \( \/ l" B: F4 t3 T
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80+ ~( r/ _3 Y& L5 o+ C# B3 {
9 [. T$ w2 O9 @: N5 B
Neptune Tech & Bioresources (NTB : TSX-V : $0.79)9 r( F1 v: s7 Q. x! G
Dietary supplement business facing headwinds( T; H, y$ \5 y' Z8 { ]6 W3 U: W
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.00& O+ n! B; m1 O0 u
. B) q3 z/ E; C/ H7 _: P. f! T5 ~Open Range Energy (ONR : TSX : $1.18)* m) k0 n# a+ x. ~ i/ W9 R
Provided operational update and F09 guidance5 D Y* v( \7 X
Haywood Securities continues "sector outperform", 12-month target price is $3.25
. Y# m9 | Z% U) Z$ T" N+ u+ \+ x5 }4 e" S0 d
Osisko Mining (OSK : TSX : $3.13)
. V" c- ]6 M/ |3 V dSouth Barnat resource around the corner
" W" l0 X M, a% w7 oParadigm Capital continues "speculative buy", 12-month target price is $4.75: u) l M8 y; A% ^) v$ m
+ f1 W( k! w6 R" y4 O& a$ |+ JPan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
7 i4 I+ _8 M" ^( ?7 t: ~) L: ^Provided operational update, B% D# `$ T9 u% c1 w/ t3 p
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
" @ M' B! l- m% hTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
7 o. l7 b" K" d3 [/ X
9 ~" w" ]: j8 x$ N( SParamount Resources (POU : TSX : $7.85)
0 `& }: z7 Q. B/ Q8 zProvided operational update: Grande Prairie emerging as the key focus for F09
v0 u$ Y/ [7 q# Z; |3 _* TGMP Securities maintains "buy", 12-month target price is $12.005 @% N1 q! U9 w. \
! @& ?9 ]( G+ ?- _0 O' T' S
Rockwell Diamonds (RDI : TSX : $0.07)3 B2 ?% s" K3 n
Operations starting to turn the corner! x- k9 B4 q' L
RBC Capital Markets maintains "outperform", no target price reported9 j' O9 q/ {" ]# q
) l* u+ k5 B& z
Shaw Communications (SJR.B : TSX : $20.13). I* S1 |. S. x4 b. u1 q- s! S, g6 S
Released Q1/09 results: in line, subscribers ahead. F2 X0 G- m, P" o0 `% I# D( Y
Credit Suisse maintains "neutral", 12-month target price is $25.50% d/ ~, A! m6 w# M9 B4 w: o, [
GMP Securities continues "buy", 12-month target price is $26.50
+ [0 W( @) n2 V5 o: q8 s
* v: I- X, ?+ Z: J- WSun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)# @$ l: M: ?1 y
Held a sell-side lunch showcasing new U.S. team- {! j% l4 U# B" ^3 f& a) n0 H
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00. E) G3 w- P/ r3 p
b9 v/ h. G$ M; K* ^
Trican Well Service (TCW : TSX : $6.93)
& k. x ~/ D( {$ ~+ W* z" JAwarded Russian contracts
0 {4 `1 _9 N8 J L: C5 a, NBlackmont Capital maintains "hold", 12-month target price is reduced to $8.75
9 g. O( `# r/ y# \% P$ { Y8 WRaymond James maintains "market perform", 6-12 month target price is lowered to $9.00) ~. Q9 @% q# i4 T8 e
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
& p( y% W% g0 D( {& v0 w* A* |4 h$ O; C
Sino-Forest Corp. (TRE : TSX : $8.93) M- ?2 v1 J0 \$ h5 E# G- D4 h; s
Chinese furniture exports rose in November2 s& ^+ v+ M; v
Dundee Capital Markets maintains "buy", 12-month target price is $23.50
; ]" d2 b: ~$ R. C
) v0 |+ u; w- @" r" \! MUEX Corp. (UEX : TSX : $0.88)6 l9 N! b; L4 _7 E
Shea Creek's two largest deposits have become one" R) U( `3 |$ \7 \
Dundee Capital Markets maintains "buy", 12-month target price is $2.75/ H6 \1 i6 q- w3 f
- a2 Q; L; Z/ z# v: t- V' } s
Vero Energy (VRO : TSX : $4.72)
8 T9 ?% d/ X. _: xReleased Q4/08 results: horizontal focus to continue in F09# @! A) [, j6 b! o$ O! O. d
Dundee Capital Markets continues "buy", 12-month target price is $8.001 T" k7 `1 r+ ^
GMP Securities continues "buy", 12-month target price is $7.50+ H+ V- w. Y8 F) }* D+ f b
Paradigm Capital continues "buy", 12-month target price is $12.00/ ~" U8 W6 Q; S
RBC Capital Markets maintains "outperform", 12-month target price is $8.50% T) R& k0 j3 X5 @9 o5 y
2 R+ |5 U: D0 A+ h! u. K
Wi-Lan Inc (WIN : TSX : $1.75)
$ O2 n; ]3 M+ H4 O) z E z& m& [Hit homerun with Samsung8 D6 {; v0 r R; f2 G* q6 b( @
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|