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Ear on the Street --- Jan. 16 2009
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Absolute Software (ABT : TSX : $3.36)7 D g, {! g- |5 _* x E3 \
Bracing for a tough few quarters
' S0 o& M' k# l; u2 \5 ^Canaccord Capital maintains "hold", 12-month target price is $4.50
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Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
5 Q" a( @/ @; e7 uGrowth outlook, challenging pipeline and high cost structure make future unclear
* ? [: `* ]. S0 W+ U4 H2 rBlackmont Capital continues "hold", 12-month target price is lowered to $48.00. y0 O9 I1 j4 x( Y. f- f8 X
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00$ c+ O1 W$ f' h# @
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Astral Media (ACM.A : TSX : $22.98)
/ A3 n4 X: V8 [+ a* WReleased Q1/09 results: strong, in light of challenging operating environment
3 d+ S9 ^* k2 t- u0 `BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
, K& ], I5 Z% D" RDesjardins Securities maintains "buy", 12-month target price is slashed to $28.004 ?9 U( m% S2 h
GMP Securities maintains "buy", 12-month target price is reduced to $30.00. N' I; R! ?1 {5 R
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00* D# e! v* w7 x9 T
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.008 v& k7 s" ?* v% o. N
, U& J7 }& S& J1 }% P0 ?& m. ?/ MAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)
: f" w; D& k) y1 uWell positioned with gold production forecast to double this year and next
0 c% w# r! q2 L/ a/ RBlackmont Capital continues "buy", 12-month target price is lowered to $83.006 A) A5 Q; d# n2 p# U
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.009 e/ m4 i- F; @# h
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ARC Energy Trust (AET.UN : TSX : $17.15)% e% c2 i1 x! b% H; r
Reduced distributions by 20%; capex also cut
! m+ u9 B7 a9 jRBC Capital Markets continues "outperform", 12-month target price is $19.00
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0 s5 r2 l3 b/ W; i( ^3 rAndean Resources (AND : TSX : $0.75)
+ j4 Q8 A, l5 w0 ^3 qAnnounced F09 outlook4 h9 [: z) V, r4 h/ y) c5 z
Paradigm Capital continues "speculative buy", 12-month target price is $2.25
; R8 N! ]& R. T8 a! ITD Newcrest downgrades to "hold", 12-month target price is cut to $1.00+ |' h& T Y' A% c
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Bombardier Inc. (BBD.B : TSX : $4.65)/ l L2 ?) M( ?$ X* S
Rising challenges in Aerospace
9 d, i: q+ W2 m1 G- n: BGMP Securities continues "buy", 12-month target price is $8.00" v, a) l2 K$ a R: r' i9 W, b
; b' b" }& `9 _! wBank of Montreal (BMO : TSX : $31.84)
) o# K; [) Y7 W! S# [Acquiring AIG's Canadian life insurance business' m& h3 l" N6 }2 Z( L8 u# v
TD Newcrest continues "hold", 12-month target price is $37.001 ^* M! d# L4 a- b& w1 _% n/ k
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Cogeco Cable (CCA : TSX : $33.37)5 N0 d" b5 e9 c& n: K
Q1 review: Canada results encouraging, but Portugal remains a drag* y# p" B6 m: Q: L- U
BMO Capital Markets maintains "outperform", 12-month target price is $46.00* u/ ^" Y# m$ B
Desjardins Securities continues "top pick", 12-month target price is $40.00$ V1 O: p) \9 T4 [: }( H! f; r; o6 R
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
1 q K- l* |0 [3 u3 VScotia Capital Markets continues "sector outperform", 12-month target price is $55.00! L2 o* J/ m! Q/ y
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Corridor Resources (CDH : TSX : $2.45)
/ C- ?0 P& j/ `9 G. N+ h7 O- WCapital budget set to expected cash flow; production guidance lowered- b( Q w* y0 z% B8 h
RBC Capital Markets maintains "outperform", 12-month target price is $4.25
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2 E6 {4 W: Y# W: e8 K- [# j0 I. \5 _COGECO Inc. (CGO : TSX : $25.14)
8 b) d) C* J2 uStrong radio and cable drives 39% EPS growth
3 q% m Y9 v$ W7 qScotia Capital Markets continues "sector perform", 12-month target price is $45.00
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* d4 e! {- O* H5 h8 ACanWest Global Communications (CGS : TSX : $0.51)
( y$ Q3 B$ E- T+ Q* g4 VTaking action to address tough operating environment$ e: K6 e# i$ b2 s
BMO Capital Markets maintains "underperform", no target price reported, x( c5 Y! F+ g8 h
Credit Suisse maintains "neutral", 12-month target price is $1.00
9 I1 n P# \% Q+ p, {6 MGMP Securities continues "reduce", 12-month target price is $0.50/ T. j7 t4 \ y. y
RBC Capital Markets continues "underperform", 12-month target price is $0.759 o" U1 E; g* }$ ~0 |6 Q
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50) ~# a9 ~1 N1 G* P5 }+ s
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Corus Entertainment (CJR.B : TSX : $12.47)( x4 r1 f2 [/ ^- R2 X. L
Q1 revenues in line, EPS beat/ |/ J0 D% b; v* A$ H1 X
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00
* ^+ D n+ c. M* S+ H1 mCredit Suisse continues "outperform", 12-month target price is $20.00
: A- o* c* |; B1 R6 WDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00
% R! G9 x, K: U* @1 c; v, hGMP Securities maintains "buy", 12-month target price is reduced to $17.00& d! t, o* [7 ?! d1 \
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50% ]2 t$ Y8 {' C
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00. A. u q2 W, V4 a
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Calloway REIT (CWT.UN : TSX : $11.84)( q& C3 ?& B$ g4 g# v, e8 X
Held investor day
- S* t0 Y/ ?0 N& QScotia Capital Markets maintains "sector underperform", 12-month target price is $11.00& _* X$ r% X# t
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Daylight Resources Trust (DAY.UN : TSX : $7.77)1 ? n! {% L6 F. O. n7 g
Reduced distributions by 38%; guided for lower capex
, j# n# D" P0 p* z' m5 jBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
% d/ z+ ]) C" h; E: Z% f7 F% PDundee Capital Markets continues "buy", 12-month target price is $12.00- S. z1 b1 _0 ^+ P& N6 |& ~
TD Newcrest continues "hold", 12-month target price is $7.50
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EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
) o9 M% }7 [9 ?% ]0 P: iSteady market and currency tailwind
9 W) o! B |* a2 S: JTD Newcrest maintains "buy", 12-month target price is US$5.00
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Goldcorp Inc. (G : TSX : $29.74)
0 n; M% y5 F0 D8 \! WRevised commodity forecasts
7 n: K& X) C: l8 F' M6 rBlackmont Capital maintains "buy", 12-month target price is reduced to $49.00
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0 |% e) F( v, Y, jHeritage Oil (HOC : TSX : $3.77)
8 K- H8 Z, F& v9 aAnnounced Ugandan commerciality on exploration success
' J4 T8 W& }8 Y8 `& n. k: W( _" kTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50: I: r C/ E3 X& b/ j
: ]7 m; J4 h' T# x3 EHarry Winston Diamond (HW : TSX : $4.98)
: [, T; P! c5 x8 D ZRetail division suffers$ a" Y6 U; d3 K/ s( x
Desjardins Securities maintains "buy", 12-month target price is $12.60
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# n# B" @/ @9 o' Y- J* iLaramide Resources (LAM : TSX : $1.84)- M; K! Z* V$ Y) N
Westmoreland provided more high grade at Redtree's Jack Lens
- v* E' F+ c9 e6 E m* k+ m6 eDundee Capital Markets continues "buy", 12-month target price is $2.30# B9 E" }, m2 Z, E
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Lockerbie & Hole (LH : TSX : $6.00)
0 M9 R9 \& ?5 A; Z& P3 }/ ZReleased Q3/09 results: very strong, focus should be on active backlog
# K4 p9 K' D6 w/ u/ i% S* A- bGMP Securities continues "buy", 12-month target price is $9.00* G" c! k2 z/ B D
Raymond James maintains "market perform", 6-12 month target price is $8.25
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3 n8 `8 b$ h0 f2 n) K0 wLivingston Intl Income Fund (LIV.UN : TSX : $6.00)
; N' g. }+ J+ I. e' X+ fReduced distributions by 70%% t+ m5 z- l, v2 g7 t
RBC Capital Markets maintains "outperform", no target price reported! Q$ J! v0 C. J7 ~- P) B
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.502 @( p$ Y% R/ R7 D; X; u
, j3 H. B" |. R9 w. @; p/ o" XMatrikon Inc. (MTK : TSX : $2.04)0 s! A% g% Y4 Y: z& k5 m& e
Released Q1/09 results: a little light, but still respectable
) `+ R k# y6 K4 N0 D6 B' R4 \0 Q" rBMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50* t; `" H! r k6 L- K) g
Paradigm Capital maintains "buy", 12-month target price is $4.00, R! ]; a- p! j
9 c i7 b( A9 vMullen Group Income Fund (MTL.UN : TSX : $10.97)
, T8 t& s+ y4 w* F2 H2 p$ O2 BExpecting lower CFPU on higher taxes
2 U% {! M- B. Y$ {9 kBMO Capital Markets continues "outperform", 12-month target price is $18.00, O* u; u$ }. q
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
1 \- g1 C# Q2 W3 S0 CTD Newcrest continues "buy", 12-month target price is $17.00
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/ Q0 ?5 M, Z% ]. d$ nNorthgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
. V1 R% X- A: \" Q3 ?Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain
% @) i7 ?6 \& F- TBlackmont Capital continues "hold", 12-month target price is reduced to $1.25& g. A' ^0 t' z* d- P$ ]
Credit Suisse maintains "neutral", 12-month target price is US$1.00
/ y3 }' e" j7 f5 ` b& v( c0 w2 X& hScotia Capital Markets continues "sector underperform", 12-month target price is US$0.80- p2 p" P1 T- q6 r. ?
" k$ Z" {( E* `# @* ~* nNeptune Tech & Bioresources (NTB : TSX-V : $0.79)- J- W* ]9 y! S1 c8 i
Dietary supplement business facing headwinds' U: E6 @& E' S; K" o7 q
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.00
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- T) n) a; Z( |! wOpen Range Energy (ONR : TSX : $1.18)1 [) p' W3 d. l9 @$ A% w, @
Provided operational update and F09 guidance1 |8 b* @: x/ `* c
Haywood Securities continues "sector outperform", 12-month target price is $3.250 R9 Q2 J* R3 [# c
4 F; h) S' v6 u4 O9 j$ \3 Q3 GOsisko Mining (OSK : TSX : $3.13)
7 {- F+ V* M- z) f$ r ~# _; E3 r6 dSouth Barnat resource around the corner. y; ^- r$ ^% r7 e" m
Paradigm Capital continues "speculative buy", 12-month target price is $4.75
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8 O) `: A0 U4 X8 ~' w8 h; j/ KPan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)# @ r+ Z2 _1 `! p: w& H
Provided operational update- m: d/ C' K: B+ O1 q
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
) K( O2 @' `5 v: f# GTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.505 u. Z: ]$ v6 C* u( ~; H- j9 Z: N
" k, H- x! w1 VParamount Resources (POU : TSX : $7.85)1 i( M& L, {0 S" M4 m. V' E+ V. \
Provided operational update: Grande Prairie emerging as the key focus for F09+ A e; E: b% x1 ]& A$ e
GMP Securities maintains "buy", 12-month target price is $12.008 n! Y/ [4 A3 T, p6 ~
8 ]0 Q( R9 L6 T' {1 }+ NRockwell Diamonds (RDI : TSX : $0.07)
|' V: D2 Q/ z) V4 i3 `/ HOperations starting to turn the corner1 J4 ^- c$ A! `
RBC Capital Markets maintains "outperform", no target price reported' F% ?, |6 j/ W s( A( m
. B! ?, k1 n0 {5 W9 n- d7 b% u/ UShaw Communications (SJR.B : TSX : $20.13)
+ g. E3 O p7 R& S7 sReleased Q1/09 results: in line, subscribers ahead% b9 ] \! G O& G0 d
Credit Suisse maintains "neutral", 12-month target price is $25.50
$ S. ~. m, h# a: u( NGMP Securities continues "buy", 12-month target price is $26.50
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Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
$ b1 i' t8 W1 D: {Held a sell-side lunch showcasing new U.S. team
- t4 j- ?, u* f% v6 R vScotia Capital Markets maintains "sector perform", 12-month target price is $33.00
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1 c" S4 U. |1 C* N8 LTrican Well Service (TCW : TSX : $6.93)
: K) n/ [7 W( {$ tAwarded Russian contracts O) e7 O8 V) D ^# Z
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.75
% Z; k6 h4 g- F8 ]4 f1 PRaymond James maintains "market perform", 6-12 month target price is lowered to $9.00/ t |& w5 ?. h# r k1 A
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
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Sino-Forest Corp. (TRE : TSX : $8.93)" V9 [0 Q% f5 ~
Chinese furniture exports rose in November
% S; X8 y1 t( FDundee Capital Markets maintains "buy", 12-month target price is $23.50+ R1 O8 L! s& i
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UEX Corp. (UEX : TSX : $0.88)4 M5 i5 T4 O$ Y" }
Shea Creek's two largest deposits have become one
6 {* s2 P! B3 q/ zDundee Capital Markets maintains "buy", 12-month target price is $2.75
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$ d) Z$ d0 ~; _3 A% X, m# d+ {Vero Energy (VRO : TSX : $4.72), r' k6 K: L+ x5 q! C* K, u
Released Q4/08 results: horizontal focus to continue in F09
" U# M( n& U' q: T% Z4 ODundee Capital Markets continues "buy", 12-month target price is $8.00
A# r4 p! G- d/ {GMP Securities continues "buy", 12-month target price is $7.50) d3 v, v4 A9 @$ u
Paradigm Capital continues "buy", 12-month target price is $12.00
6 u2 F/ Y0 W2 } t7 RRBC Capital Markets maintains "outperform", 12-month target price is $8.50
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Wi-Lan Inc (WIN : TSX : $1.75)
3 U- r" C. q8 ]0 [; mHit homerun with Samsung
$ g- ?" o. v" c: u( RParadigm Capital continues "buy", 12-month target price is $3.50 |
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发表于 2009-1-18 11:16
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发表于 2009-1-18 21:41
