 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
+ u' n& W ^( z; c8 {' Z$ ]6 z4 [- H/ F, s+ W* R3 N
Absolute Software (ABT : TSX : $3.36): {/ {% w8 A/ P$ I* z
Bracing for a tough few quarters
+ N$ ^8 g" F1 h7 |* |# @Canaccord Capital maintains "hold", 12-month target price is $4.50% Z& W" b+ N: @1 e6 g6 }, B
5 D0 q: t/ W7 f; b8 R
Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
& L, [' Z$ j @Growth outlook, challenging pipeline and high cost structure make future unclear. B0 s8 l. Y& P0 U" n# Z8 z
Blackmont Capital continues "hold", 12-month target price is lowered to $48.009 I+ d' w5 K$ P* L9 S6 @& g$ l& f7 Q
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
7 Z' j9 |- L' w8 J" m" ~7 o' D
* T' s8 c4 n0 H8 ~) tAstral Media (ACM.A : TSX : $22.98)7 f1 j# y% c# n/ u( o
Released Q1/09 results: strong, in light of challenging operating environment
$ s9 ]" r6 w5 F( D/ l- L4 TBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
: o+ \' o3 a- ~ o* P& C9 n4 P* o/ ?Desjardins Securities maintains "buy", 12-month target price is slashed to $28.006 `: i( W% k3 k2 c% M
GMP Securities maintains "buy", 12-month target price is reduced to $30.00- o. l( K3 [1 R
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00
8 P, s; o. b; o4 x# tScotia Capital Markets continues "sector outperform", 12-month target price is $30.00# F9 I0 l$ l+ y( |( }! Y# Z
6 p/ l- Q5 a! e% D* M& R" tAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07), d" f+ h' l/ e( e+ m& Q; q! Q( S
Well positioned with gold production forecast to double this year and next
8 H( e6 [4 `- A( l% B% cBlackmont Capital continues "buy", 12-month target price is lowered to $83.00' l* o6 P b n9 r/ |& }9 W) L1 c
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
- [ F0 E, e; b* b- x
) d5 t4 |1 Z) B7 W* Q J) ?ARC Energy Trust (AET.UN : TSX : $17.15)) \% f0 |" D; i# ]% o' d
Reduced distributions by 20%; capex also cut/ b* S) L% W! h {8 M4 _ w
RBC Capital Markets continues "outperform", 12-month target price is $19.006 T+ o% L' P0 j( C" Y: N
. G$ F% _0 T' b& F4 K# qAndean Resources (AND : TSX : $0.75)
( Z( o& R% y5 K# WAnnounced F09 outlook+ N" y8 _5 ^% e. Z- c7 B t4 J
Paradigm Capital continues "speculative buy", 12-month target price is $2.254 H* U7 ^/ ]+ o
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.009 R& v- k" l" X8 `
; m+ W' Z+ k, N7 ^# A" \9 o8 GBombardier Inc. (BBD.B : TSX : $4.65)
7 l& q; t4 z2 m0 g1 K( Y. iRising challenges in Aerospace
; a4 G$ x3 ~5 D0 U0 a4 IGMP Securities continues "buy", 12-month target price is $8.00
* `; I( j4 \& H3 W( Z. X/ a% t( y
Bank of Montreal (BMO : TSX : $31.84)- w9 d; c$ u8 S/ ?# N, S
Acquiring AIG's Canadian life insurance business' F. M" S' U; J+ _6 \
TD Newcrest continues "hold", 12-month target price is $37.00
4 {$ q$ s3 R1 X% |0 p# f' }
/ f! a1 \3 K) w; r( M- H! o% hCogeco Cable (CCA : TSX : $33.37)' x% @# H! T# H7 c; X
Q1 review: Canada results encouraging, but Portugal remains a drag3 y3 J# F" w9 N# c, n
BMO Capital Markets maintains "outperform", 12-month target price is $46.00( B6 R2 m& c. K8 `9 [
Desjardins Securities continues "top pick", 12-month target price is $40.00
8 }: \' J" W F. c* U# uRBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00& ^8 b6 d, S( [- ~
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.00$ J" [5 g7 j* s# J* D3 d8 ?
! }/ [6 p, T9 ?
Corridor Resources (CDH : TSX : $2.45)
5 Z0 v) b# {/ F% qCapital budget set to expected cash flow; production guidance lowered: V3 {& [" N9 W, j) Z
RBC Capital Markets maintains "outperform", 12-month target price is $4.25 U0 ^! E6 R; }# Q# e! t
- {$ Z( s7 G5 l0 d$ _, W
COGECO Inc. (CGO : TSX : $25.14)3 l, O+ j& E& Y
Strong radio and cable drives 39% EPS growth
( `9 O% E5 B$ n! {9 ^Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
% l) b6 R/ f/ p+ i
, D2 P# m+ r& A- z2 S$ ZCanWest Global Communications (CGS : TSX : $0.51)% U7 {' j3 h! t @8 I8 `8 ^4 p- K3 |
Taking action to address tough operating environment
4 m+ A! B! |+ E8 ?6 y; hBMO Capital Markets maintains "underperform", no target price reported
7 q( L1 @7 y/ w% nCredit Suisse maintains "neutral", 12-month target price is $1.00
: A/ m2 P+ }( F( d: [GMP Securities continues "reduce", 12-month target price is $0.50
* [* Y7 e! N3 S8 y/ CRBC Capital Markets continues "underperform", 12-month target price is $0.75- [+ G; ?5 F. R8 O4 c# f
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50, w9 |8 p/ `" J6 g
?( o/ s! ^1 g2 {: Z
Corus Entertainment (CJR.B : TSX : $12.47)
9 S) c$ c# ]6 N! J) w# M9 Y; pQ1 revenues in line, EPS beat
; g V" b; u% Q+ D" k! d+ E+ eBMO Capital Markets continues "market perform", 12-month target price is cut to $15.003 {. `& N$ ]- p4 v- }
Credit Suisse continues "outperform", 12-month target price is $20.00: G% w& t8 a r, v+ o
Desjardins Securities maintains "buy", 12-month target price is lowered to $15.00
) _2 `' r2 p+ [% W# _GMP Securities maintains "buy", 12-month target price is reduced to $17.00
# O/ q$ A+ |8 q/ Q+ \: C: hRBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
: |$ S" F* E% F3 U6 Q8 eScotia Capital Markets continues "sector outperform", 12-month target price is $18.00! l% v4 s) z4 U. \5 U0 S# m) s
( l- e, l3 k' pCalloway REIT (CWT.UN : TSX : $11.84)
+ U& T2 l0 \" v+ SHeld investor day8 g( `& X/ w' ]5 G Z8 U4 C
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
^. Q E8 z5 ^7 M& k5 r O m4 t/ T9 q0 \* @* F
Daylight Resources Trust (DAY.UN : TSX : $7.77)
4 J8 P) o+ p& V# SReduced distributions by 38%; guided for lower capex4 R: D2 I3 O! L* T1 z0 u! X1 D
BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00! |; V' E: p9 ~. m. g4 e
Dundee Capital Markets continues "buy", 12-month target price is $12.007 }" j3 C- f! {* {/ S+ I" n# j; f
TD Newcrest continues "hold", 12-month target price is $7.50
0 q$ u( z, s- Y" u6 h! W: e( g+ g _2 J2 W8 B) u! ^% G
EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
6 O1 X! ?4 f' q& Z4 LSteady market and currency tailwind
% Y# T G6 s6 {" ^TD Newcrest maintains "buy", 12-month target price is US$5.00
1 N- \( F/ N8 S0 k8 _, S1 ?9 e2 o
" g6 I* C% B$ H, ]Goldcorp Inc. (G : TSX : $29.74)
% ~& m; J" P+ o7 xRevised commodity forecasts* y0 [: G$ N& y/ P9 V0 y+ \$ o- [% D+ K
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00/ g. p! N, b- E1 e8 D
# a0 k+ L1 E# q$ |5 Z; e8 l
Heritage Oil (HOC : TSX : $3.77)8 U/ o: @0 u9 Y" @( Q g
Announced Ugandan commerciality on exploration success
7 L, ^- Z/ d2 N6 rTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
- v- E `9 t y0 v: B& z" r
3 }! W: f, c1 M9 C# {; ~; EHarry Winston Diamond (HW : TSX : $4.98)
7 z% ]3 Z9 r5 U& |) ~& |- _% J3 RRetail division suffers( y6 s, z" `, V# G( @
Desjardins Securities maintains "buy", 12-month target price is $12.609 `2 ~- ?& A6 _- h1 D# D- c% O- w
5 Q/ I! @+ S/ @# ^) H5 t+ V
Laramide Resources (LAM : TSX : $1.84)+ Y, `" t1 b' ]5 p" t0 o
Westmoreland provided more high grade at Redtree's Jack Lens
/ W; E& M5 ?/ k2 X9 y* v& @, U& tDundee Capital Markets continues "buy", 12-month target price is $2.30
) J& x7 I1 J" B& L- _2 A9 m9 V4 v1 b6 o
Lockerbie & Hole (LH : TSX : $6.00)' r* b0 C1 N. b% e( ^8 X
Released Q3/09 results: very strong, focus should be on active backlog3 |+ B1 L ^0 D: v0 v- Z# \, K d) x/ E
GMP Securities continues "buy", 12-month target price is $9.00# x6 o6 S6 t/ Q7 g# Y) x+ L& r' \
Raymond James maintains "market perform", 6-12 month target price is $8.25
7 ~! |2 [* Y C* ~) |6 n* P+ j& s1 i. m% i" F6 ]
Livingston Intl Income Fund (LIV.UN : TSX : $6.00)
4 X" r" H" y. d9 z4 g1 ]Reduced distributions by 70%! D! Q$ T; W; j; m
RBC Capital Markets maintains "outperform", no target price reported
. h3 ^$ Y( X8 {2 Y) I9 bScotia Capital Markets continues "sector underperform", 12-month target price is $6.50" \; e ?; k2 m4 y
; m0 F( m: v( O7 d6 z# }) AMatrikon Inc. (MTK : TSX : $2.04)& X3 j# f1 B+ U; O4 {
Released Q1/09 results: a little light, but still respectable7 i2 b1 X0 E7 V" I
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50# H$ ?' ?& q k4 A+ [% g+ I" b
Paradigm Capital maintains "buy", 12-month target price is $4.001 f1 h, b( A0 [) ]! L5 C7 g$ k
2 q8 w" |* w9 M0 y* h2 qMullen Group Income Fund (MTL.UN : TSX : $10.97)
! J8 _* T* n% T* X9 m" eExpecting lower CFPU on higher taxes9 ^9 h. i1 c9 C
BMO Capital Markets continues "outperform", 12-month target price is $18.00) l, V: x2 G- Y% S: z) n
RBC Capital Markets continues "sector perform", 12-month target price is $12.00; r. y- J$ k* g* }: G$ K" B
TD Newcrest continues "buy", 12-month target price is $17.00& |% J7 @9 o6 ^% r' h% s2 a
2 z; }/ x6 }' D; m! @
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
% I/ L. B! K$ q, O; P6 U; q% GReleased Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain$ K" n5 m$ M: l: z
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
/ y9 T. L+ _ p# T# d' ?/ l' U* ECredit Suisse maintains "neutral", 12-month target price is US$1.00
1 c/ ?: x, b% I) o! l, t) s A% QScotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
- t; ?1 w) E0 d- d1 A
; `, b! \/ R1 ONeptune Tech & Bioresources (NTB : TSX-V : $0.79)
+ Y' |* h% D K& jDietary supplement business facing headwinds
( a% f6 h/ K! J9 y! v& K: bParadigm Capital maintains "buy", 12-month target price is reduced to $4.00
7 _, b% `" a8 _& B1 |! G! C+ q6 I6 }( Q+ J
Open Range Energy (ONR : TSX : $1.18)) W0 d1 q/ g- S! w1 x' U
Provided operational update and F09 guidance( ^* ?; y) U0 R+ x" L
Haywood Securities continues "sector outperform", 12-month target price is $3.25: D% _/ A# X/ K4 D+ n
: p3 c6 {& r' ]+ k* U1 E
Osisko Mining (OSK : TSX : $3.13)& f. j! j! _2 @; e% r
South Barnat resource around the corner$ i! V5 V- B) e0 e
Paradigm Capital continues "speculative buy", 12-month target price is $4.75
5 f9 ]- g( W0 {! M5 v. T* k y$ l7 Y, j/ \' G
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
$ O( C- E0 T+ l8 nProvided operational update- L# c( u7 _& S# u
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
$ f5 u1 ~( I! o V( S6 rTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
5 w& M6 P" j* q1 a* [
7 X* w+ i% d, ^# }$ \( Q3 s0 q- BParamount Resources (POU : TSX : $7.85)6 a$ w1 I5 P. u$ ?- k
Provided operational update: Grande Prairie emerging as the key focus for F09
# t. M, W( u' L" U! `8 a SGMP Securities maintains "buy", 12-month target price is $12.00; f, B6 \, W2 }
6 y* I$ f+ Z/ @! e( ]Rockwell Diamonds (RDI : TSX : $0.07)
; H8 g8 ~$ A" U, d1 lOperations starting to turn the corner1 O- N4 `! z; Q0 ~1 s+ }7 Y
RBC Capital Markets maintains "outperform", no target price reported
) A/ s- a+ z Z# `3 _: v: h1 o! M& ]4 Z& t1 ]# j( Z
Shaw Communications (SJR.B : TSX : $20.13); C) ?. G. q8 D T P
Released Q1/09 results: in line, subscribers ahead
: p. E! a" @' tCredit Suisse maintains "neutral", 12-month target price is $25.50
) m8 T1 `- m3 j+ R6 RGMP Securities continues "buy", 12-month target price is $26.50; Y8 M0 f# K5 p9 u5 t# ]: I/ o
: F; T! n2 q* w' ]+ A% K0 N9 {Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
+ Z8 I* ~9 {" b3 x* h. t; \" GHeld a sell-side lunch showcasing new U.S. team0 _" y1 b+ W: B& ?$ l8 x& n
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.005 R+ G. H3 b# [4 w
( o' e0 B7 b& \0 w/ QTrican Well Service (TCW : TSX : $6.93)! ]# {% N2 Y) c! T& p, a
Awarded Russian contracts
G' A8 s5 E. X- eBlackmont Capital maintains "hold", 12-month target price is reduced to $8.75
- E9 q* T4 v tRaymond James maintains "market perform", 6-12 month target price is lowered to $9.00
, M5 D; ] |+ sRBC Capital Markets maintains "sector perform", 12-month target price is $10.00
/ e0 \- P8 ^! {$ s6 f1 [
3 y. U$ s, i7 y9 c" a& XSino-Forest Corp. (TRE : TSX : $8.93): @) a2 t# t1 J) y$ v$ I
Chinese furniture exports rose in November% A4 k! V" y; o, ]$ J
Dundee Capital Markets maintains "buy", 12-month target price is $23.50
1 h5 r S( Y8 o8 A5 B3 J. Q( z$ @; ~' U% B& F# G
UEX Corp. (UEX : TSX : $0.88)
3 k- j/ J+ {9 d4 N- E2 |Shea Creek's two largest deposits have become one% e* r/ n% _$ I! h
Dundee Capital Markets maintains "buy", 12-month target price is $2.75
. |8 j4 X9 H. T0 a" k% h: S1 B$ s
# L$ h) }1 r7 Y! m% W1 T4 a- Z2 HVero Energy (VRO : TSX : $4.72)
& Z. d; G* l- ^1 q" g$ o" [" gReleased Q4/08 results: horizontal focus to continue in F09
" X0 i" ?0 T8 X- R9 O# |Dundee Capital Markets continues "buy", 12-month target price is $8.00
$ n6 {4 E7 h/ k5 wGMP Securities continues "buy", 12-month target price is $7.50
$ S6 J8 _8 t* X) Y* a! UParadigm Capital continues "buy", 12-month target price is $12.00' U2 M" g0 f K* R! p: C8 t
RBC Capital Markets maintains "outperform", 12-month target price is $8.50
% S3 D I6 Q, P- V0 u8 `5 q4 i! Z9 \6 t5 L7 o) q) L
Wi-Lan Inc (WIN : TSX : $1.75): X( X: g, Y* Q) ?! h% M$ ?$ @
Hit homerun with Samsung7 j, w4 N! {& d3 }4 Y
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|