 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
8 P5 s7 e O) i8 @
7 V% [! H8 W& ^- O, X+ yAbsolute Software (ABT : TSX : $3.36)
3 q: u' x$ N- kBracing for a tough few quarters, Q8 ?4 Y3 H' k5 y/ }& q
Canaccord Capital maintains "hold", 12-month target price is $4.50
9 t' p7 `, u2 b' J3 c' T; @
. @; h7 I3 \2 B, fBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45): e; `+ O& f4 q% Y. h7 ~8 T5 R
Growth outlook, challenging pipeline and high cost structure make future unclear) x) V0 t, |/ M
Blackmont Capital continues "hold", 12-month target price is lowered to $48.00
g# ? ?" D9 ?' x- zTD Newcrest downgrades to "hold", 12-month target price is raised to US$37.007 O. l5 m9 B" O( R' L
; `/ q1 h R# i& A
Astral Media (ACM.A : TSX : $22.98)4 N% i6 O8 B" O3 K) Y$ Q
Released Q1/09 results: strong, in light of challenging operating environment
; l Z. Q/ m& C8 d& w8 F! tBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00+ I5 W, @4 ?. }* I$ q& u
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00- S& a! L5 b+ S8 {3 v; c# r v
GMP Securities maintains "buy", 12-month target price is reduced to $30.00! C* c( m% Q: z' v1 z6 D2 d
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00 j% P, U) R) `7 Q
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00; U) W3 e3 D* h! I& ^) ]6 I) j
5 D3 T/ a4 F+ lAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)! p2 b* @( x3 E* q2 Z* i
Well positioned with gold production forecast to double this year and next
% i/ {. w+ _1 e4 T0 I" kBlackmont Capital continues "buy", 12-month target price is lowered to $83.00
! X" Q" `: {8 k& ~5 tTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00+ Y2 \4 q% a$ j5 O
" j8 Q0 L2 g: d6 q: ~" b% g/ K! ]ARC Energy Trust (AET.UN : TSX : $17.15)$ O# Q' S: r. t p
Reduced distributions by 20%; capex also cut
5 K* ^$ Z- R# U: Z3 GRBC Capital Markets continues "outperform", 12-month target price is $19.00! j6 @& { o& _" q, A
, N6 s: }$ I3 {4 d, t0 WAndean Resources (AND : TSX : $0.75)' a$ ?' {% N2 w1 z7 [
Announced F09 outlook
; ^! [5 f0 ~* ^) ^2 {% F9 ?Paradigm Capital continues "speculative buy", 12-month target price is $2.25
, q/ ]6 Z# A; i4 h0 q5 ~4 y( ^# ?TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
/ s d- Y7 i4 Z0 T% Z# j2 E6 `0 y, P* {9 R: D. j
Bombardier Inc. (BBD.B : TSX : $4.65)& a3 t2 K! r: S0 \3 u
Rising challenges in Aerospace* O# b Q6 \, R
GMP Securities continues "buy", 12-month target price is $8.00, W3 e" x% L& x5 Y1 }
$ r5 V1 `5 v+ [6 T+ m4 Q1 h5 |
Bank of Montreal (BMO : TSX : $31.84)" C9 Q* H- F: E5 X" G* J8 u" j# H
Acquiring AIG's Canadian life insurance business
& |9 W) h2 u( G0 l8 M4 MTD Newcrest continues "hold", 12-month target price is $37.00
& Z" \; W s. ~% ~. p% A8 e" g2 A
8 D: ]# Y8 e6 @5 Y; ^; E1 G. G5 F6 y4 PCogeco Cable (CCA : TSX : $33.37)
: [4 t* R9 \5 E+ JQ1 review: Canada results encouraging, but Portugal remains a drag
9 y8 e `% D& X5 }! e2 KBMO Capital Markets maintains "outperform", 12-month target price is $46.00
- v: C' G+ y. L8 l, ZDesjardins Securities continues "top pick", 12-month target price is $40.00' o7 m6 A3 s4 C: u+ H8 T
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
; K w2 G8 M" j$ ~Scotia Capital Markets continues "sector outperform", 12-month target price is $55.00- @- Y1 G9 t7 j7 Z
# E7 B& Z! X* g5 y7 {3 ]3 w" L, N
Corridor Resources (CDH : TSX : $2.45)8 s: S3 z! f3 f4 @# ]
Capital budget set to expected cash flow; production guidance lowered+ |) L" v; ?6 a8 M2 c& U
RBC Capital Markets maintains "outperform", 12-month target price is $4.25: c7 z" c X. p5 ^$ L% L
. }" v* M; S. k% k x4 v7 R* C; b, S
COGECO Inc. (CGO : TSX : $25.14)
) b' Q/ _3 N. \ bStrong radio and cable drives 39% EPS growth
@% K, s0 f) I: O' m, o- IScotia Capital Markets continues "sector perform", 12-month target price is $45.00
4 j& \8 H- w' |$ s9 Y" C( e( T# U/ j. W& N2 @0 V3 x( Z5 G) [: T
CanWest Global Communications (CGS : TSX : $0.51)
1 w, ]; g' X/ K3 g- V9 c! O% H* [; jTaking action to address tough operating environment
5 _* _2 g& P5 i' D: tBMO Capital Markets maintains "underperform", no target price reported% X- j4 Q+ {: @0 U: d2 S$ ^
Credit Suisse maintains "neutral", 12-month target price is $1.00
/ W/ s* c( l+ ^. C k( uGMP Securities continues "reduce", 12-month target price is $0.50+ f& f$ ^, I9 }/ E$ ~1 g8 y
RBC Capital Markets continues "underperform", 12-month target price is $0.756 j, C. l- r: F! U, e. N
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50( C1 w" M2 Z2 b$ U/ h+ }
; M7 ~! h7 Y3 D/ O0 o$ M4 zCorus Entertainment (CJR.B : TSX : $12.47)
, I0 g( z& [4 E% aQ1 revenues in line, EPS beat
& D q6 ~: i0 T5 N m7 I; f5 o( vBMO Capital Markets continues "market perform", 12-month target price is cut to $15.00. X; q4 s! x' [2 U1 z
Credit Suisse continues "outperform", 12-month target price is $20.00
5 E0 t7 U& h! q* w' iDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00! x8 c3 y. S/ ]8 M) }: A
GMP Securities maintains "buy", 12-month target price is reduced to $17.00; F/ s% w2 Y/ C5 W
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50/ V; X9 N0 _8 ]+ k( M, {- K
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
' e$ [1 }$ e6 F+ g: Z/ ^% M9 W- J/ w5 V. k D. ~& c
Calloway REIT (CWT.UN : TSX : $11.84)0 s0 ~7 @% z9 {5 z+ h6 g, S6 S
Held investor day
; r* M# G' i. i1 S( Y0 N9 XScotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
. F+ ^7 B8 q- j- ^* l- C# t1 G# I8 Q4 Z; H9 x2 ?- ]+ o
Daylight Resources Trust (DAY.UN : TSX : $7.77)* ^" {, j8 G8 }8 `0 z
Reduced distributions by 38%; guided for lower capex3 H5 }- l7 J5 i% J4 x# {
BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.000 T- j2 Z8 g4 u* }( B
Dundee Capital Markets continues "buy", 12-month target price is $12.00
. M6 T6 y8 |8 C F7 DTD Newcrest continues "hold", 12-month target price is $7.50
! @4 ]) |1 p' U5 l; s: V2 X3 Q w. C6 P' Z& J
EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
" ]; W6 y9 k7 A" L2 A: z' p. w" ^6 zSteady market and currency tailwind4 M! k% b) a( @4 O, e
TD Newcrest maintains "buy", 12-month target price is US$5.00
3 {. S) n% M( x9 i! q: ]
$ \/ b3 v7 K8 y" tGoldcorp Inc. (G : TSX : $29.74)0 m' T1 P/ c/ {1 M1 Q0 y
Revised commodity forecasts
) X1 r. m. j9 d& T1 jBlackmont Capital maintains "buy", 12-month target price is reduced to $49.00" Z2 P& l$ Q# S2 j1 y* Z& S3 V1 T
) r, T% B3 c: }% EHeritage Oil (HOC : TSX : $3.77)
" Q0 w$ k- d7 L& d( T/ mAnnounced Ugandan commerciality on exploration success
& @6 t, d4 s, a" ZTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.507 k# E% O7 Y* G) |" w
; r3 v+ \ h8 J2 z) |
Harry Winston Diamond (HW : TSX : $4.98)
: P7 f& V# P- a1 v4 |: sRetail division suffers4 p' o I# I; x% S/ {8 `
Desjardins Securities maintains "buy", 12-month target price is $12.60
3 T: Q; M; \/ I8 V& I; I
' F' x9 B+ R; j" F; fLaramide Resources (LAM : TSX : $1.84)5 V( Z' q( X! |* y# n8 c
Westmoreland provided more high grade at Redtree's Jack Lens
! f6 h) o9 G) l& S: gDundee Capital Markets continues "buy", 12-month target price is $2.30
+ h- |2 k; T+ e6 n# ]7 n5 L& k1 e. V: [) ?
Lockerbie & Hole (LH : TSX : $6.00)
1 U4 w8 T- N! u! _Released Q3/09 results: very strong, focus should be on active backlog! P2 R' Z( x* g( ] ^1 P
GMP Securities continues "buy", 12-month target price is $9.00: k0 O+ m& N. e2 G3 a8 H
Raymond James maintains "market perform", 6-12 month target price is $8.258 ?! n# {: s1 a& E1 S; [: b3 ~
, t% p5 \$ f8 d6 {/ ?Livingston Intl Income Fund (LIV.UN : TSX : $6.00)
9 r5 [& L- J% I0 k8 y# p" k }Reduced distributions by 70%2 t! `7 v1 P/ U3 v( O4 F
RBC Capital Markets maintains "outperform", no target price reported: P; t: c1 O* D$ }
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
4 @4 ?- Q. z: O; i' S+ w2 j
( F+ a, R4 B0 \% @1 qMatrikon Inc. (MTK : TSX : $2.04)
/ i' c) k+ F% e* BReleased Q1/09 results: a little light, but still respectable
) P. w) s: O* DBMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
4 I$ \- C5 ]5 g4 u, y) h5 uParadigm Capital maintains "buy", 12-month target price is $4.000 [/ U3 k( T9 X$ }0 l( b* U
: H# a6 b! b; \4 O& ?
Mullen Group Income Fund (MTL.UN : TSX : $10.97)! i) d5 R7 J: B& s) r3 W0 X7 N
Expecting lower CFPU on higher taxes! n4 B8 H* Y" ?" D1 o q+ n% V
BMO Capital Markets continues "outperform", 12-month target price is $18.00! s) c8 e7 B! k; y
RBC Capital Markets continues "sector perform", 12-month target price is $12.00( Z6 F. [ m0 X: P6 r
TD Newcrest continues "buy", 12-month target price is $17.00
6 u. }5 H- f/ m
3 E9 F% b( c' `" rNorthgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
{9 X- {0 P. S8 G6 r0 ]' ?" @Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain; k* M0 h m5 e' a; ? `
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25% I4 n% u6 r( ?/ u
Credit Suisse maintains "neutral", 12-month target price is US$1.008 _3 z$ P7 }9 H5 {* h
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
- C' O' q2 G! Q
: y5 w0 J- q% \5 G! Q( `- zNeptune Tech & Bioresources (NTB : TSX-V : $0.79)
3 V `( d3 p4 ~* {; u# k& @Dietary supplement business facing headwinds
& w" e7 }0 R/ g. T" aParadigm Capital maintains "buy", 12-month target price is reduced to $4.00% P8 q" p5 a. T, m+ c" g/ {
# m! _* a: X) H) @0 B# \7 c# EOpen Range Energy (ONR : TSX : $1.18)
. l3 U# P' z; s& B& F2 p. B% KProvided operational update and F09 guidance
0 l- q7 V5 c8 F' zHaywood Securities continues "sector outperform", 12-month target price is $3.25
7 ~" {: {: ^0 x# U4 P- p. L+ I* H! d4 b/ c
Osisko Mining (OSK : TSX : $3.13)
! M7 O3 L- S% [7 dSouth Barnat resource around the corner
[) |: ]: l& e2 g7 @Paradigm Capital continues "speculative buy", 12-month target price is $4.75# A* M! [0 t- X9 f7 L7 [
. ]9 p+ h3 `1 B; i7 b
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
4 e" j6 \; B, F- Q3 C* z4 WProvided operational update9 N( Y& ~: I. x( c8 t, ]
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
3 j6 [) K/ T, KTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
9 s$ x7 s: u+ b
. {2 R" T) T" DParamount Resources (POU : TSX : $7.85)
+ O% l" o+ i! M) E# q5 QProvided operational update: Grande Prairie emerging as the key focus for F09
) l5 V3 l1 ]2 O+ `GMP Securities maintains "buy", 12-month target price is $12.00. ~- A, a$ @ U' i
" i/ c/ V& t2 W' v6 Z6 E; dRockwell Diamonds (RDI : TSX : $0.07)7 C& y2 c) t1 v. `7 L1 G) K
Operations starting to turn the corner7 u/ z- Y, ?/ a8 E6 P
RBC Capital Markets maintains "outperform", no target price reported I P/ }; q( E
; O/ w9 u, z3 l$ X6 d( c' W SShaw Communications (SJR.B : TSX : $20.13)6 F4 a+ E% ]5 }! E# ~7 e& G# L
Released Q1/09 results: in line, subscribers ahead; n9 f z0 N$ d; q& D8 ]8 q
Credit Suisse maintains "neutral", 12-month target price is $25.50
1 [5 Y; I7 h: O& iGMP Securities continues "buy", 12-month target price is $26.506 d* c! m, s: n0 ~. g0 D# l
9 k# l# S4 n. [2 d6 @, w# a
Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)( H( o* F3 `( L0 Y- Y
Held a sell-side lunch showcasing new U.S. team/ J7 x* @( j$ p4 o
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00
2 _9 `; w8 w. ?9 @* h( p3 U1 t/ y# Q# q! A
Trican Well Service (TCW : TSX : $6.93)
" H2 u1 o2 A) ~9 P4 }; cAwarded Russian contracts
6 U' {4 s* V6 V4 A+ W$ F% JBlackmont Capital maintains "hold", 12-month target price is reduced to $8.75
4 M1 U. _" \1 {$ c7 J8 T5 CRaymond James maintains "market perform", 6-12 month target price is lowered to $9.008 j& L7 K2 c. F$ z0 P1 E2 S
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
% E' ?! U$ ?7 ~5 Q5 O. ~3 G0 [4 B' {8 u5 R" Z; D+ B( b
Sino-Forest Corp. (TRE : TSX : $8.93) K0 t! |8 J' L. l+ u" U
Chinese furniture exports rose in November
1 x* y9 L0 ?& Y9 f* U. E( |# j1 PDundee Capital Markets maintains "buy", 12-month target price is $23.50
3 \& W# W% q! O
7 o4 A z5 n6 l$ Y4 q! ?9 YUEX Corp. (UEX : TSX : $0.88)/ b5 f6 D2 F+ p, b& f9 R, ^4 c
Shea Creek's two largest deposits have become one
9 |# ^7 S2 Z+ y! {" H6 JDundee Capital Markets maintains "buy", 12-month target price is $2.75
6 C _; t$ |; n) l& [5 R2 N! ?* a3 \/ J2 R0 r- o& Q4 V
Vero Energy (VRO : TSX : $4.72)
) B! y8 m% C8 \ h* {2 sReleased Q4/08 results: horizontal focus to continue in F09
9 r! a$ ]& L jDundee Capital Markets continues "buy", 12-month target price is $8.00$ N3 b% d, \' Y4 W# a$ a0 @
GMP Securities continues "buy", 12-month target price is $7.50 g5 A1 t( D1 M) B9 g4 ^3 u
Paradigm Capital continues "buy", 12-month target price is $12.00
7 ?* W3 G" N) b' QRBC Capital Markets maintains "outperform", 12-month target price is $8.50
/ s3 U) W! z& x. M5 N7 r( M' ]
# R ~; i4 q0 LWi-Lan Inc (WIN : TSX : $1.75)
, S# V. x3 D$ N K2 _Hit homerun with Samsung3 C: f2 m1 m0 [) M0 I, D
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|