 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009$ |2 S) f( }3 G0 \& n7 G8 N
5 z6 L# y/ p1 l7 D- KAbsolute Software (ABT : TSX : $3.36)1 y1 J4 A% q& P- ^) Z
Bracing for a tough few quarters: d0 m2 S9 _* y
Canaccord Capital maintains "hold", 12-month target price is $4.50
6 q. x) t0 a( r9 S1 k$ E, F
+ \" m/ T, a _7 P6 d2 Q1 PBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)) b* a% y$ D: z* N
Growth outlook, challenging pipeline and high cost structure make future unclear
2 I! h& L+ P; R/ gBlackmont Capital continues "hold", 12-month target price is lowered to $48.009 h/ R& e+ n5 H2 U# q* x
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00! r8 I' z" O; W# V+ R
) f+ |8 x0 ^0 s. V1 ^: r j/ GAstral Media (ACM.A : TSX : $22.98)9 |+ x! l4 ]' A6 z8 P; R. Z' ]
Released Q1/09 results: strong, in light of challenging operating environment
8 _3 {) n; Q% a" C& [BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.001 I6 d7 l! k* I# q# }. w
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00/ i! S- C9 B: H. D
GMP Securities maintains "buy", 12-month target price is reduced to $30.00
8 t# a( t& d' {% x* X2 c$ nRBC Capital Markets continues "outperform", 12-month target price is raised to $31.00* |/ b1 G' ~( }& p/ E: [
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00. z) X$ I/ R: ^( M7 \
0 T0 i: V" K/ H- F3 T
Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)/ {/ k2 D( {8 a( z
Well positioned with gold production forecast to double this year and next- O8 n: z% M% v" t" e
Blackmont Capital continues "buy", 12-month target price is lowered to $83.00$ j4 q2 q5 Y* Y1 y6 ^% _6 `
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00# f6 o1 Y7 q3 J3 v
5 g" T4 S' F1 P3 m: @
ARC Energy Trust (AET.UN : TSX : $17.15)
/ D5 T2 r5 o$ jReduced distributions by 20%; capex also cut
$ p/ j3 @2 F& h5 a: |+ _ z- GRBC Capital Markets continues "outperform", 12-month target price is $19.00
) [3 G$ u, c- a9 H- M3 v
I+ J' g f4 E/ N7 V0 p5 OAndean Resources (AND : TSX : $0.75)
2 c1 n5 |( f* @) d# f7 [Announced F09 outlook
4 j/ K' b% y3 }5 r/ t7 d, ?Paradigm Capital continues "speculative buy", 12-month target price is $2.25+ \# v# l' K) W5 r. r
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
+ Y O) B' I8 I1 E1 S, a
+ M% m. A% ?% A* s# Y& NBombardier Inc. (BBD.B : TSX : $4.65)& w: |' n, ]% ~: Y' r9 B
Rising challenges in Aerospace
# p5 G$ A: k' b+ P8 w1 | I, IGMP Securities continues "buy", 12-month target price is $8.002 P* ]8 [/ g; O
9 R/ l; b7 @( o' k d& n v3 dBank of Montreal (BMO : TSX : $31.84)
5 N, O. Z8 S3 S1 B( y l6 D* oAcquiring AIG's Canadian life insurance business' S, J& g# X/ N! [- `+ j. ?" o9 @
TD Newcrest continues "hold", 12-month target price is $37.00
( V# @4 P9 b( b* m1 c# o6 X) }3 a# k$ t
Cogeco Cable (CCA : TSX : $33.37)+ E% y: P5 Q- @! e- K6 ]7 R/ k
Q1 review: Canada results encouraging, but Portugal remains a drag
) s8 x0 {, _9 d1 HBMO Capital Markets maintains "outperform", 12-month target price is $46.00$ ~: f( f+ O4 S q( y# F7 H
Desjardins Securities continues "top pick", 12-month target price is $40.006 n4 x" k( Y. m: E, }9 ^( S
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.007 s. f0 a/ E/ K) `5 M# k
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.004 \) d4 R; R! R
( f& W9 C3 p# [
Corridor Resources (CDH : TSX : $2.45)+ k; ^7 a* l0 R! G
Capital budget set to expected cash flow; production guidance lowered7 Z- X, l5 C7 _
RBC Capital Markets maintains "outperform", 12-month target price is $4.25
" l# q# P+ h6 Y( E' Z3 R% [* }; o& T# ~6 ?5 s
COGECO Inc. (CGO : TSX : $25.14)! Q! D& \! i5 R# p' B8 e
Strong radio and cable drives 39% EPS growth2 l' y( v7 ?2 }( t& p1 I! ^2 ^" g$ P
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
0 L, g; C4 C. q H2 S( n5 m, W; V9 ^1 P# U, B* k
CanWest Global Communications (CGS : TSX : $0.51)5 P9 f, w5 C" M" r1 Q/ N
Taking action to address tough operating environment
3 N# v( X- d5 K6 c% A! ^. `4 RBMO Capital Markets maintains "underperform", no target price reported" A% e$ n4 \# Q# p8 P6 ~% n- K% X" _% y7 H
Credit Suisse maintains "neutral", 12-month target price is $1.00/ f. a" W; M+ \( n b. Y+ n3 H: L
GMP Securities continues "reduce", 12-month target price is $0.50
. L' m) C. i/ z- DRBC Capital Markets continues "underperform", 12-month target price is $0.75$ O- X, p B( T3 o) n
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.509 e1 O4 S9 r7 I
$ r+ M, H! e. yCorus Entertainment (CJR.B : TSX : $12.47); B- s( m+ a2 T+ o
Q1 revenues in line, EPS beat
9 S* I$ y* ]% E9 u/ q- f, [BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00
, c7 k v: O7 YCredit Suisse continues "outperform", 12-month target price is $20.00% O% N5 j% i- t+ J6 m2 _0 U
Desjardins Securities maintains "buy", 12-month target price is lowered to $15.00/ i0 p# h5 b, F0 V' s( F; \$ e6 A
GMP Securities maintains "buy", 12-month target price is reduced to $17.00: l1 o5 v% \5 [5 u0 m0 S. s0 M3 n
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.503 q. P: D' o9 ^8 G3 o* m
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
: Z( K$ a. p$ g& ^& o' s: F/ G; Z" o! @7 P
Calloway REIT (CWT.UN : TSX : $11.84)
) C- H3 w' E$ Z( a! }, z+ sHeld investor day
2 U, C! n) y0 e" y6 M0 P6 H9 V/ t2 w* p9 nScotia Capital Markets maintains "sector underperform", 12-month target price is $11.00& v. g0 q: e3 Q" @
T. H! b+ H& m8 J6 o+ ]
Daylight Resources Trust (DAY.UN : TSX : $7.77)/ p ~5 N8 ^( A' Y1 N! e& Q
Reduced distributions by 38%; guided for lower capex
& A4 s, Z) K+ z$ d: v1 y: ABMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00/ z, ?* v3 l ^) J
Dundee Capital Markets continues "buy", 12-month target price is $12.008 z' _ ?: _) N# _/ Z1 d6 g
TD Newcrest continues "hold", 12-month target price is $7.50
5 X0 B+ _1 \! _5 D3 C7 Y% c
u; A2 m8 u' J5 J$ Y$ Q! TEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)) v9 B; g( B- o( u7 w2 n4 ^
Steady market and currency tailwind5 n0 r& {; r3 ]2 Q* x
TD Newcrest maintains "buy", 12-month target price is US$5.00
# e% R) S$ v- ~) m$ a, I F8 m% C: o7 P1 I
Goldcorp Inc. (G : TSX : $29.74)( T2 F& s$ w4 Q% O
Revised commodity forecasts
7 Z7 c: `3 H, l5 uBlackmont Capital maintains "buy", 12-month target price is reduced to $49.00
; Z$ h! t2 A* Y8 M1 z
) h1 [! T% ?7 W" }2 ]7 j8 DHeritage Oil (HOC : TSX : $3.77)0 m" ` c# ?% g: G. Q1 b' M
Announced Ugandan commerciality on exploration success, J5 K+ G1 c! N
TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
& s( B5 C D6 Z& h5 ~( S3 X& U# w$ {1 i
Harry Winston Diamond (HW : TSX : $4.98)- v2 g' l3 [' l; ?6 \& K
Retail division suffers. u. B. @+ z+ W3 E7 a; v
Desjardins Securities maintains "buy", 12-month target price is $12.60
. {: @- V5 A% [$ t3 g- c# q, a) ~3 u4 c0 p2 _, g* }2 n& Q% }
Laramide Resources (LAM : TSX : $1.84)& y! i. i3 j: y
Westmoreland provided more high grade at Redtree's Jack Lens
6 d$ R; B, A- |/ PDundee Capital Markets continues "buy", 12-month target price is $2.30
. h$ ^; _, {, ?. Z5 ]
2 ^; \/ R3 l# K2 O, Z- ^) N2 M YLockerbie & Hole (LH : TSX : $6.00)' L2 ]$ o4 x9 D; ?% s
Released Q3/09 results: very strong, focus should be on active backlog* e% D( ~% |; a/ I; R; M
GMP Securities continues "buy", 12-month target price is $9.00& h& R- L( P! G+ e: N+ }
Raymond James maintains "market perform", 6-12 month target price is $8.25
( U) f3 C& h& d, ?2 X" e* c9 x/ N2 U
Livingston Intl Income Fund (LIV.UN : TSX : $6.00)2 `7 D0 q8 p' T* V
Reduced distributions by 70%
# K* W0 p$ ?) h1 I5 HRBC Capital Markets maintains "outperform", no target price reported
- A4 P; [* R9 d4 XScotia Capital Markets continues "sector underperform", 12-month target price is $6.50
! x6 s9 Y& u! {& v2 ^/ e: f4 J7 ~
Matrikon Inc. (MTK : TSX : $2.04)3 N8 X9 p! ?/ P. `
Released Q1/09 results: a little light, but still respectable3 l- C b( C" _( u! k9 f
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
$ }/ P0 v4 ~+ D( tParadigm Capital maintains "buy", 12-month target price is $4.00" ~* a8 q" ~, R
+ D# L+ N# P* W$ e& m3 t4 D& a
Mullen Group Income Fund (MTL.UN : TSX : $10.97)- @& R4 q9 k! b& {- i4 Q+ a
Expecting lower CFPU on higher taxes
7 f( E9 K: L* r7 V C6 n# j' q8 EBMO Capital Markets continues "outperform", 12-month target price is $18.00
6 R3 m3 `7 D7 p* z2 B" _RBC Capital Markets continues "sector perform", 12-month target price is $12.009 ?3 I$ H \; x
TD Newcrest continues "buy", 12-month target price is $17.00" T1 u" w6 n4 [' ?* \5 {& G" J
( d4 y- a, [, |# I9 _$ u4 g; o/ N
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)4 U5 _0 J& L) Z4 ?. Z8 A0 y% g) S
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain& S; D" \1 o% D% b! ^! h! w5 s, k5 E9 F
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
" ?2 F+ E- r5 v6 g: r& `Credit Suisse maintains "neutral", 12-month target price is US$1.00' I. z0 R3 [) d w& {" z- m
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
; x) G4 J! V2 ]6 ^0 D7 C$ ?
6 D! k+ b# R' Y* b8 R4 L' D7 `% dNeptune Tech & Bioresources (NTB : TSX-V : $0.79)( ~ z- ^# |- W; t: h) Q7 ^: O7 i
Dietary supplement business facing headwinds# w0 A# V8 o+ _) W* J
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.00( z/ v- A0 z1 ?4 b( [* ~/ U
) ?3 ~6 o' I: Y! g* b4 t7 h
Open Range Energy (ONR : TSX : $1.18)
3 b; D1 a3 K& ^0 i4 V% I& iProvided operational update and F09 guidance/ O% r* i `3 {
Haywood Securities continues "sector outperform", 12-month target price is $3.25
- I: f: ?4 u( d2 C3 v% u1 X* F j* M" M F5 h
Osisko Mining (OSK : TSX : $3.13)
" l0 F; l: D+ X5 wSouth Barnat resource around the corner( E7 A: k! n2 N u# `4 N2 G
Paradigm Capital continues "speculative buy", 12-month target price is $4.75
$ c0 {4 g% X- L, h
5 L4 t1 L: Q6 O+ j1 lPan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)- h( z% U0 }% d6 U% s% U, Q
Provided operational update/ q1 x' w& G M- Z2 ~( o) S7 u7 ~
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
$ p% B: z- L7 h# n* {TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
/ L# H9 B: x8 c1 x4 U+ Q* S3 c, i( i
Paramount Resources (POU : TSX : $7.85)3 }! W. V7 x4 {# m7 P7 C
Provided operational update: Grande Prairie emerging as the key focus for F09
, S3 u- i7 z# K! ?GMP Securities maintains "buy", 12-month target price is $12.00, h+ n/ _ X; C: ^# R% Y$ m
+ C. w" g/ B# |9 Q" j+ j
Rockwell Diamonds (RDI : TSX : $0.07)
8 n% D# Z$ U, Q" ], QOperations starting to turn the corner
% S( @7 T) H# u' u/ P+ ?( y) V. hRBC Capital Markets maintains "outperform", no target price reported0 Z! |! h& H& i; D% S+ Z1 R2 O3 {
/ j G9 {. T |) U; J- X2 P
Shaw Communications (SJR.B : TSX : $20.13)- ]& ~# g! ~7 @+ t
Released Q1/09 results: in line, subscribers ahead w: }; Y0 Q' j6 X6 ?) p& v
Credit Suisse maintains "neutral", 12-month target price is $25.50
: P. A" ~# v. G" P1 C/ y) J5 ]& E2 `GMP Securities continues "buy", 12-month target price is $26.50
4 K7 h' j& [& y! S& x0 l& C% h, Q2 p( y0 v( h5 j$ c9 I/ f1 `1 k
Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
8 l8 X) o8 P6 qHeld a sell-side lunch showcasing new U.S. team
+ p: @8 ~" r5 n8 p0 C z% _, cScotia Capital Markets maintains "sector perform", 12-month target price is $33.00
8 w2 p Y! j# ]6 ]0 n
7 L; o1 P+ B. P R7 YTrican Well Service (TCW : TSX : $6.93)) R ?* u( k! [5 `3 s1 |
Awarded Russian contracts
) q+ t- z3 W1 R' x3 OBlackmont Capital maintains "hold", 12-month target price is reduced to $8.753 w5 B' [- `4 z2 ~/ h# ?7 ~
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00- B G( D; o9 K; S
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00/ }* w( x3 E8 Y$ l. z& w( Y
2 ]$ N7 d5 d( X4 d
Sino-Forest Corp. (TRE : TSX : $8.93)
5 c H9 ]$ a7 J6 p0 A/ iChinese furniture exports rose in November
" F$ H: ~% i( RDundee Capital Markets maintains "buy", 12-month target price is $23.505 c) H) F z: o$ s& [
4 @: o- E2 J) i# v$ G2 @UEX Corp. (UEX : TSX : $0.88)
3 L; }3 C/ x. p) ]& p+ ~# ZShea Creek's two largest deposits have become one$ k8 ~. G% [1 ~& q' X9 Z
Dundee Capital Markets maintains "buy", 12-month target price is $2.752 ]. }+ @9 g6 [& x
% ~8 f2 P+ c1 N# S( T
Vero Energy (VRO : TSX : $4.72)% u- f8 E6 \; j8 l9 h4 ~
Released Q4/08 results: horizontal focus to continue in F09
3 m9 U$ y1 W- c' h" F# rDundee Capital Markets continues "buy", 12-month target price is $8.00
[# u6 c2 L# K9 \& }8 d3 t {" kGMP Securities continues "buy", 12-month target price is $7.50
) Z* p6 e( y: b8 H5 `Paradigm Capital continues "buy", 12-month target price is $12.00
+ W; F9 [/ \$ V# Z* m* I' d) jRBC Capital Markets maintains "outperform", 12-month target price is $8.50
5 b' }7 K, q5 F% }5 y- Q
3 a/ h' U+ O0 CWi-Lan Inc (WIN : TSX : $1.75); N% B8 t' v* T. @+ O6 g: S
Hit homerun with Samsung
) J% J/ J9 @* y8 ?. x3 p! cParadigm Capital continues "buy", 12-month target price is $3.50 |
|