 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
2 G, j) ~2 \" r- a. y: y" W& ?$ Z3 Y9 z7 h
Absolute Software (ABT : TSX : $3.36)
2 p7 @( a& y: {) C2 {Bracing for a tough few quarters
6 ~3 Z$ X3 @ |* ZCanaccord Capital maintains "hold", 12-month target price is $4.50; ~. w6 }; @. h/ g
- O3 J" s2 {% f _7 F% XBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)* R! E! d2 Q. @
Growth outlook, challenging pipeline and high cost structure make future unclear
- V& M6 Y6 Q% O6 IBlackmont Capital continues "hold", 12-month target price is lowered to $48.00; G, z) _4 X3 s# }
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
4 d( p- Z' o2 t) y6 y( w
8 S4 H& r/ k+ P: UAstral Media (ACM.A : TSX : $22.98)# ]' n0 z. H( s) J; D* E
Released Q1/09 results: strong, in light of challenging operating environment, J/ F( _' v a% R" S
BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
/ h$ u7 `1 i; K3 M% Y& MDesjardins Securities maintains "buy", 12-month target price is slashed to $28.00, a$ g2 q4 G/ B: t5 T& w6 d4 S
GMP Securities maintains "buy", 12-month target price is reduced to $30.00
, B4 {, f$ a" H7 @8 u3 ^RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00
% L0 u: [2 W+ k; vScotia Capital Markets continues "sector outperform", 12-month target price is $30.00& c5 ]' j* r, ]+ ?' g
8 k& W4 P8 E; }( p4 e7 oAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)
. Q* m, Y* n$ \Well positioned with gold production forecast to double this year and next
* r4 y" a- S0 a8 ZBlackmont Capital continues "buy", 12-month target price is lowered to $83.00- f& m7 [' {4 p; C: D
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
' [. ? C! H8 ]9 P; d
/ ^% F* M Q+ G" Q7 wARC Energy Trust (AET.UN : TSX : $17.15)
4 C% a4 g/ j. E3 k- wReduced distributions by 20%; capex also cut" x3 v4 s2 c8 d% N
RBC Capital Markets continues "outperform", 12-month target price is $19.00& S7 I+ i. j* Z; v+ a
6 d; M& N, t* V7 `4 i" CAndean Resources (AND : TSX : $0.75)
/ I$ k( _% S; u; S5 F8 M# d% A! ~Announced F09 outlook
1 N3 D+ d* e9 jParadigm Capital continues "speculative buy", 12-month target price is $2.25
; U3 C s Y% Z' f% Q3 YTD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
0 f. ^7 M0 G" b S
$ E1 R% O0 ?! O+ ?3 ~Bombardier Inc. (BBD.B : TSX : $4.65)
! m$ g; b8 b9 uRising challenges in Aerospace
, H5 I3 z# Z: S" t& _) T* r! A) }GMP Securities continues "buy", 12-month target price is $8.00
* S& H* m+ G. r7 U! c) z) t3 R) D) A5 I& W4 u5 {' \
Bank of Montreal (BMO : TSX : $31.84)
( K( [/ c4 n& WAcquiring AIG's Canadian life insurance business+ }! B+ u, C8 h
TD Newcrest continues "hold", 12-month target price is $37.00/ V, C5 t% ^6 F) [! r! G
' F# H. e0 }0 y; [9 b a: O1 B
Cogeco Cable (CCA : TSX : $33.37)
, X8 m# O. _! ^' h$ \# PQ1 review: Canada results encouraging, but Portugal remains a drag' _8 I, U- f, a/ N. k
BMO Capital Markets maintains "outperform", 12-month target price is $46.00
, N U* Z/ t( r# V4 d* ]/ RDesjardins Securities continues "top pick", 12-month target price is $40.00, J, F* {: U4 r+ q
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00- p, @: m- B z1 U S
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.00, I# l6 X. w6 A) d2 i6 A) {2 H, z
) }* u8 L2 t" U' q" Z' d
Corridor Resources (CDH : TSX : $2.45)# d2 i8 b: u5 M- U1 Z: d6 y
Capital budget set to expected cash flow; production guidance lowered
9 i2 f9 Z" ]5 p' bRBC Capital Markets maintains "outperform", 12-month target price is $4.25
& ~ N8 N( V6 Z$ D, j5 B) Q9 }2 y9 X* ?! R/ @
COGECO Inc. (CGO : TSX : $25.14)
4 K- u, t( T- j8 K/ wStrong radio and cable drives 39% EPS growth2 X& I- q+ w, ^% P/ I
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
4 u$ G& f( P. L; w0 u$ E9 G$ X- t2 g' K
CanWest Global Communications (CGS : TSX : $0.51)( G* E( w- d! K2 o% i
Taking action to address tough operating environment
" a, K$ K$ Q5 g5 A$ LBMO Capital Markets maintains "underperform", no target price reported! o* R; H4 Z" ?3 U; _! V
Credit Suisse maintains "neutral", 12-month target price is $1.006 q8 E( ]% {$ m) @
GMP Securities continues "reduce", 12-month target price is $0.50$ Y& e5 K3 N7 T) ?7 u. K
RBC Capital Markets continues "underperform", 12-month target price is $0.75/ i8 |+ A% `& t/ I/ |
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50( m5 D( Y$ h1 M" q
! G* k( F( S- y$ Q( x+ h; D% ACorus Entertainment (CJR.B : TSX : $12.47)
' D+ P2 s( `5 B6 JQ1 revenues in line, EPS beat4 B5 h& K. G) @
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.009 N E# ^# N; p2 t! l8 g+ f
Credit Suisse continues "outperform", 12-month target price is $20.00
, r7 n% D0 Q& g; D# S" B% yDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00& V- C7 D+ l" q" d! k; j( L: q
GMP Securities maintains "buy", 12-month target price is reduced to $17.009 P, p8 o V+ R
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50( U; h: t# S' H# J4 K: A
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00- a: ~* {' u# y' @
& z, h2 R4 }: q4 V8 FCalloway REIT (CWT.UN : TSX : $11.84)
) Z% N4 e# U9 ~Held investor day5 @; \$ ?& E0 m1 P# g# _
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.007 P- _& W' L i+ ~- z
6 V0 m/ p" q& Q3 [* ~5 R0 MDaylight Resources Trust (DAY.UN : TSX : $7.77)
( K2 v( D! ?' H3 T% [; GReduced distributions by 38%; guided for lower capex
, o3 ~' o( \. b, M" K. dBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00% I. U& y/ l7 W
Dundee Capital Markets continues "buy", 12-month target price is $12.00' m. p% W& P& }1 d
TD Newcrest continues "hold", 12-month target price is $7.50! ^ r$ p! v+ I9 \5 [9 H. r, d9 w
' h) J" P0 X7 Q. h4 o
EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)6 E. @$ ^" {: b( D. e% S0 \* [
Steady market and currency tailwind
/ R! ?, v: K I4 g2 OTD Newcrest maintains "buy", 12-month target price is US$5.00
" ~0 m) p( b: K7 Z8 X
4 ?" J; t5 F3 ]6 @ QGoldcorp Inc. (G : TSX : $29.74)- M* g* f4 U8 b) M$ N5 y
Revised commodity forecasts
& P8 N; V0 C, T2 IBlackmont Capital maintains "buy", 12-month target price is reduced to $49.00& I; D: }3 I! S1 F
- O/ k" w8 _+ B2 KHeritage Oil (HOC : TSX : $3.77)5 l: X8 W6 f8 D2 F' W
Announced Ugandan commerciality on exploration success: l' u& m6 V u8 J7 f! D/ e
TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50: ^$ X2 U& k2 d6 I( X7 M
( F1 i" W, ^3 s8 UHarry Winston Diamond (HW : TSX : $4.98)! j' y* Y d6 w" W0 z- [
Retail division suffers
' w5 X1 w! S2 Q4 iDesjardins Securities maintains "buy", 12-month target price is $12.60
: d0 C `# L/ ^* S
8 ^$ Q, r: \' D* _' z/ x9 qLaramide Resources (LAM : TSX : $1.84)" k4 ^/ h5 O7 S+ q( j, }
Westmoreland provided more high grade at Redtree's Jack Lens
9 C7 J$ b9 d3 t/ x$ M6 @Dundee Capital Markets continues "buy", 12-month target price is $2.30
\! m# N, I0 J/ u( }2 L" j* J' V K5 n& M$ b3 g: I
Lockerbie & Hole (LH : TSX : $6.00)! k0 J8 _, s/ O! e
Released Q3/09 results: very strong, focus should be on active backlog
* w `! q' s3 M: PGMP Securities continues "buy", 12-month target price is $9.00
* K# V7 O5 c9 vRaymond James maintains "market perform", 6-12 month target price is $8.25
$ ], L8 f% u2 g
0 b% q1 \: q4 ^1 J3 q7 m0 GLivingston Intl Income Fund (LIV.UN : TSX : $6.00)8 H( I, x$ \4 ?' h
Reduced distributions by 70%& f* m! ]! a' T% ?( ^
RBC Capital Markets maintains "outperform", no target price reported
: {( U" }$ v6 K2 T; _Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
* m7 X% f! Q u( o
1 \* K: u' K) i& t( y" D8 JMatrikon Inc. (MTK : TSX : $2.04)! M, S8 n5 J9 u h) l+ a
Released Q1/09 results: a little light, but still respectable+ {0 W9 }# G. |: H( I; e* ]
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
T: O" k, p" Z: D! ~5 L; y) {4 v# ]Paradigm Capital maintains "buy", 12-month target price is $4.00
8 V y' L1 \2 C' M, }6 L @( F4 u8 ]/ a
Mullen Group Income Fund (MTL.UN : TSX : $10.97)8 q! I/ ^9 }* ?1 e1 A' U
Expecting lower CFPU on higher taxes
b$ n: }. D+ D q3 V, T8 wBMO Capital Markets continues "outperform", 12-month target price is $18.00( }* V2 o$ \3 o9 d0 F
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
5 w6 v9 p. O, |# m4 X& nTD Newcrest continues "buy", 12-month target price is $17.00
2 H: {' f4 F$ K# j5 c, I8 \, j5 D( H. l% L2 N6 E% f
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)2 V3 x' Z, W* }( q
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain1 }" B0 ]2 C" A: Z( J# w6 j" m
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
5 C7 ]3 w {$ _5 lCredit Suisse maintains "neutral", 12-month target price is US$1.00
: \0 T0 k: v& n8 ^Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.800 T3 ^2 D) c! N$ ^' ]9 ^; c
! M2 G; ~" l6 X2 UNeptune Tech & Bioresources (NTB : TSX-V : $0.79)
" l5 \) x& |( y9 M( L* xDietary supplement business facing headwinds
# `$ [# @" v6 }8 S6 |: R; `" LParadigm Capital maintains "buy", 12-month target price is reduced to $4.00- X+ v- y* A& t, D( h
7 s# o) P2 `8 ?: D5 v: Z
Open Range Energy (ONR : TSX : $1.18)
/ I7 i2 T! X' U+ d: l" |, TProvided operational update and F09 guidance
5 l- w% Z. n) P& W/ @% V6 r2 u5 n/ f# ?Haywood Securities continues "sector outperform", 12-month target price is $3.25
0 A4 \) P0 r Q
) X [ Q, z( TOsisko Mining (OSK : TSX : $3.13)
( U3 m' n# W6 |$ g# y: o+ \South Barnat resource around the corner
2 b. L! g) X- @$ H/ }- lParadigm Capital continues "speculative buy", 12-month target price is $4.75
8 e/ E; O# L' t& W) Q6 M( s1 i: l+ ? W: X
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75). a" n; B- G* s
Provided operational update
1 ?% S3 @2 _8 Y6 E0 B3 ?: ?7 ]Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
9 b! Q: [' C8 P5 D* LTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.500 \6 [6 \7 U% o" a
' d4 q. S5 j, H% i; t) TParamount Resources (POU : TSX : $7.85)
+ I4 `# D' y8 x& q/ a5 ?Provided operational update: Grande Prairie emerging as the key focus for F09
$ F* |2 H# H. ~6 V6 eGMP Securities maintains "buy", 12-month target price is $12.00
& B/ P# n4 |& ]% A. \+ M1 ]; N/ J! x) R
Rockwell Diamonds (RDI : TSX : $0.07)
! j0 g8 N& ?5 Z3 k9 FOperations starting to turn the corner
) w2 N* ]* a$ n( K2 E8 u# r' kRBC Capital Markets maintains "outperform", no target price reported9 ]1 [9 x X, z! T
; b$ B! C2 G& L* v% ]8 }# i
Shaw Communications (SJR.B : TSX : $20.13)8 L7 b% B- z- e2 |
Released Q1/09 results: in line, subscribers ahead
9 O: a: }+ I/ J' |: v* |Credit Suisse maintains "neutral", 12-month target price is $25.50* m3 Q! C5 P3 z+ y" M! F
GMP Securities continues "buy", 12-month target price is $26.50
$ V' m7 W, D! x5 H8 a, h# M
+ `1 l2 q$ V( x+ B: dSun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
! H. a' a8 D7 s% x$ H* V. S4 pHeld a sell-side lunch showcasing new U.S. team* D; P/ i3 W( f0 h- Q
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00+ { b% j) H x9 F i
2 a& Q- V- w2 e7 d- n: s& a% uTrican Well Service (TCW : TSX : $6.93)+ p' {0 y8 E6 i9 G9 i) P' z
Awarded Russian contracts/ @0 n3 N# j9 Y5 I
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.752 m8 @( s& D, b( X5 |
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
4 A& c& {0 z8 _) MRBC Capital Markets maintains "sector perform", 12-month target price is $10.00% y# S2 o5 t5 [7 x
7 a, i8 f! Y0 v! O1 \
Sino-Forest Corp. (TRE : TSX : $8.93)
$ b3 u' I A8 r. G9 ?% i3 FChinese furniture exports rose in November' C7 j4 W/ ?6 F D
Dundee Capital Markets maintains "buy", 12-month target price is $23.50( [/ V" B8 j) M- R& Z% g
( j5 u& t* w& L, z2 L$ VUEX Corp. (UEX : TSX : $0.88)
; {* ^( V, e; _' e8 @* ]Shea Creek's two largest deposits have become one
7 b3 d* ~1 P- O0 g% Z; p M8 r+ ADundee Capital Markets maintains "buy", 12-month target price is $2.75
5 [+ w* U2 \" `8 k8 ?! L, v9 W) u" k, x e9 F
Vero Energy (VRO : TSX : $4.72)
% ~, D% \; c. Z' _7 u( g3 v6 wReleased Q4/08 results: horizontal focus to continue in F096 Z$ ^! M: Q* g) ~* I- r+ \4 q& H
Dundee Capital Markets continues "buy", 12-month target price is $8.00+ p9 r- Y- _ z" @$ ?' A
GMP Securities continues "buy", 12-month target price is $7.50/ G9 V+ `9 T2 T0 [( g
Paradigm Capital continues "buy", 12-month target price is $12.00! X' `: m6 M& T4 X3 O) N( h
RBC Capital Markets maintains "outperform", 12-month target price is $8.506 C K7 i! v. _4 r) e
6 Y/ [. L( O) Q! x6 j0 k
Wi-Lan Inc (WIN : TSX : $1.75)
) W- \) K7 Q- |: B3 RHit homerun with Samsung
4 L' h2 A% m0 @4 dParadigm Capital continues "buy", 12-month target price is $3.50 |
|