 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
6 M! z: V0 ?1 O% P: b7 K/ O$ l6 b, a2 A0 L9 X: x9 t' [
Absolute Software (ABT : TSX : $3.36)
; j9 t, m. `4 e0 ^& bBracing for a tough few quarters% }7 d7 X* x* ^+ O
Canaccord Capital maintains "hold", 12-month target price is $4.50$ ^0 T7 z: Y- `3 \( K
- W( V t7 w% @/ \8 g+ L
Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)) r+ M5 M/ e0 W: o
Growth outlook, challenging pipeline and high cost structure make future unclear
* i- N v' h1 C' sBlackmont Capital continues "hold", 12-month target price is lowered to $48.00
: h( p+ b2 U' v- }* u, r+ u$ XTD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00, q0 @ [8 K5 s. D& d
0 x ~- y+ k- qAstral Media (ACM.A : TSX : $22.98): t I2 Z5 S5 x2 d" K; V9 O8 s
Released Q1/09 results: strong, in light of challenging operating environment
. ^2 F: x2 p; E* Q" x9 FBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
1 n$ o! A0 {; eDesjardins Securities maintains "buy", 12-month target price is slashed to $28.00& s9 d. |/ W# e5 b }6 e: ?
GMP Securities maintains "buy", 12-month target price is reduced to $30.00( a! N# \1 j. _2 @. Z! f) m
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00. J# n% ?! I5 B; ?
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00, ~9 [4 w6 M! f/ i0 v! C) ?5 y
2 F+ D" Q. j, J# ~' S. ?Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)
+ ^6 |2 W; m2 z& f6 ~! X a1 x: c3 v; CWell positioned with gold production forecast to double this year and next* ?- _. \" j5 v7 G, m Z4 i
Blackmont Capital continues "buy", 12-month target price is lowered to $83.00
. j. | L% J8 R( h( n1 R2 l' sTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
. k/ e4 x/ O( F* j; _; _. i$ D* f4 l1 n
ARC Energy Trust (AET.UN : TSX : $17.15): `# H3 [% u3 n" I% n
Reduced distributions by 20%; capex also cut
4 Z2 z! r3 ~& O7 t. d2 H+ p# KRBC Capital Markets continues "outperform", 12-month target price is $19.00
$ {7 s3 x! w# [" r% O1 V' x) f6 C8 p3 S( X0 j
Andean Resources (AND : TSX : $0.75)/ S) V1 ]1 s! y, z- _3 u
Announced F09 outlook W3 Q. F2 T$ P/ C2 b2 Z
Paradigm Capital continues "speculative buy", 12-month target price is $2.25
% @3 J7 K/ O% J# f2 NTD Newcrest downgrades to "hold", 12-month target price is cut to $1.00: m; r Y$ x \- l m3 D
& e+ |* B& l2 g' s8 U9 ^
Bombardier Inc. (BBD.B : TSX : $4.65)6 I( M. P+ m; K
Rising challenges in Aerospace" X0 K& r+ H+ b7 |
GMP Securities continues "buy", 12-month target price is $8.005 y+ l: M R( y, v$ P) h
( n7 |/ m- f4 y' j0 T4 J
Bank of Montreal (BMO : TSX : $31.84); e9 T( d% L/ ^9 g( r: W9 A
Acquiring AIG's Canadian life insurance business( g9 X a% Q! K ~' F8 m& b
TD Newcrest continues "hold", 12-month target price is $37.00( k2 l, ^6 D# }5 l, j! Y$ O
7 d" }) Y) T/ d5 @Cogeco Cable (CCA : TSX : $33.37)! ^7 e. U, f# [1 O [3 D
Q1 review: Canada results encouraging, but Portugal remains a drag
; |8 w3 e8 i; O3 x; s3 f# E2 e3 l6 BBMO Capital Markets maintains "outperform", 12-month target price is $46.00
, f2 s: s5 `* D) u! qDesjardins Securities continues "top pick", 12-month target price is $40.00, f8 ~6 Z! S- B k; X
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
; G" C" C$ h) T- ^! W+ AScotia Capital Markets continues "sector outperform", 12-month target price is $55.00" L# v6 p1 r# S* Y5 A
2 s" {/ O7 Y2 N( m3 [$ H( D, P
Corridor Resources (CDH : TSX : $2.45)3 t Q/ q) W- s# T }7 n. `# S
Capital budget set to expected cash flow; production guidance lowered
5 N) X D8 T- ]' G' c3 e2 [RBC Capital Markets maintains "outperform", 12-month target price is $4.254 ]& ]" m: e, A* `; [* m
) v$ N `9 V @ mCOGECO Inc. (CGO : TSX : $25.14)$ X3 Z% H' K/ E0 d1 o0 m
Strong radio and cable drives 39% EPS growth9 p$ z7 \& h5 `% Q" h- e
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
- y9 T- h! W* S! F8 [' H$ P: ~0 }8 x% r2 @/ J
CanWest Global Communications (CGS : TSX : $0.51)
9 T* Y/ t1 u, J4 \4 ?$ ^Taking action to address tough operating environment
( f# c8 T& M e$ v" \4 u n+ TBMO Capital Markets maintains "underperform", no target price reported' b9 z4 g% A$ q& G. F2 ?
Credit Suisse maintains "neutral", 12-month target price is $1.007 F8 T' u- O! [0 r6 {
GMP Securities continues "reduce", 12-month target price is $0.50
* \" D4 p& W2 w0 m0 Q3 R. nRBC Capital Markets continues "underperform", 12-month target price is $0.75) S% }: I; R! O. `) ?
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.505 z7 `4 S d9 m. ^. m
: d( ]$ ]: v, \! y4 P3 V9 o4 r3 fCorus Entertainment (CJR.B : TSX : $12.47)2 T: X Y( _( f$ a7 e. H
Q1 revenues in line, EPS beat8 m q' ^7 @$ Y* D
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00" n! }) f% ^& O! e* s# q9 v
Credit Suisse continues "outperform", 12-month target price is $20.00, I; n: s5 o0 V- I( I/ Z: S6 _
Desjardins Securities maintains "buy", 12-month target price is lowered to $15.00
$ h5 \* L1 n4 X" g4 Z: }6 W, q. PGMP Securities maintains "buy", 12-month target price is reduced to $17.008 r- K/ Q: i0 z7 |! ?8 N
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50 d3 w) A# U4 j, o% p% |
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
4 B( N5 v+ `9 [. i: o
( T8 `, K8 r* ?, Z3 s9 R7 q! E! bCalloway REIT (CWT.UN : TSX : $11.84)
% A& l* m$ `$ `0 JHeld investor day: [' l! | W# }( P9 `. ~ w
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
6 s5 {4 R- B' q6 h9 t4 g4 ]! k& C4 r1 Y. @) ?
Daylight Resources Trust (DAY.UN : TSX : $7.77)
" t6 D% Z- y1 aReduced distributions by 38%; guided for lower capex `- K/ U. x$ J% h# E' A2 u
BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
3 k9 n* Z+ W/ c: fDundee Capital Markets continues "buy", 12-month target price is $12.00
+ _9 R# [0 n1 D' q- ATD Newcrest continues "hold", 12-month target price is $7.50
3 j& r9 _% X9 f5 `
* @1 H, q5 E3 S0 y- dEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
+ ~$ j7 y5 E8 F1 S3 w$ f/ Q, wSteady market and currency tailwind
) ?3 D3 a! C/ D; t9 rTD Newcrest maintains "buy", 12-month target price is US$5.00
" `+ n" H0 n" J/ Q2 f2 D9 N
8 ?% t. _" w5 S. c- N) ^Goldcorp Inc. (G : TSX : $29.74)
' W" s5 P# i7 B0 ]Revised commodity forecasts7 r4 Y- V& l* {( Q% y
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00( K$ a+ Q, _( x6 @$ U8 {* R
7 I+ Y3 V( ^6 T% J
Heritage Oil (HOC : TSX : $3.77)
( _ s0 Y6 S8 i/ |! oAnnounced Ugandan commerciality on exploration success( }* b8 d5 ^+ } z/ P0 g! v
TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50- Q( G/ S1 ~" |) U7 x5 O5 c: Y
$ o$ e8 G5 r5 @Harry Winston Diamond (HW : TSX : $4.98)3 \# x6 T$ o5 S2 v$ F) a+ P6 F
Retail division suffers
! }6 ], M$ ?, s3 PDesjardins Securities maintains "buy", 12-month target price is $12.60
' t. U0 {! {' o# w) `1 A! R2 W
9 Y9 j: n N8 Q) y; d- y& Q9 ULaramide Resources (LAM : TSX : $1.84)0 |1 Y) d* T# `; i
Westmoreland provided more high grade at Redtree's Jack Lens# W! q Y+ t# V' Y# \: z$ @% K
Dundee Capital Markets continues "buy", 12-month target price is $2.30' T. d% o" X% h: z1 @' E2 ^% P
# W9 A# z% v1 G( V% l* I
Lockerbie & Hole (LH : TSX : $6.00) c5 \1 s9 g+ [: r, O0 p
Released Q3/09 results: very strong, focus should be on active backlog
$ R, c8 y& x! wGMP Securities continues "buy", 12-month target price is $9.00' S0 w; p2 k! }: E! A
Raymond James maintains "market perform", 6-12 month target price is $8.25$ b7 n0 |5 q+ M8 w
9 X3 n( W, v: a6 n& B5 b
Livingston Intl Income Fund (LIV.UN : TSX : $6.00)
) `& {9 H& N. |0 |- xReduced distributions by 70%
6 G# `" B9 W0 p( c7 NRBC Capital Markets maintains "outperform", no target price reported& {' J( E8 o8 `
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
5 U8 _& S2 M6 u" Z; f- X+ I: R' U
, |; ^, N s, c9 p8 A+ k, lMatrikon Inc. (MTK : TSX : $2.04)
% ^9 ]7 j, j% ^; e9 b) N5 lReleased Q1/09 results: a little light, but still respectable
4 S; C: h' v/ [& E7 dBMO Capital Markets continues "outperform", 12-month target price is lowered to $2.500 }! u8 ]* \- u0 o4 C* ~
Paradigm Capital maintains "buy", 12-month target price is $4.00: U/ f2 k- c2 k4 y2 e. y! M
5 ^' {: k4 Z2 {! H3 D5 F1 l0 Y6 rMullen Group Income Fund (MTL.UN : TSX : $10.97)0 U V" Q8 e& {1 g& R3 e- S, P7 m
Expecting lower CFPU on higher taxes
_0 z* H+ a7 g4 P/ nBMO Capital Markets continues "outperform", 12-month target price is $18.00+ f* n: k( ?6 W# {9 z4 s' g& O: l7 x
RBC Capital Markets continues "sector perform", 12-month target price is $12.00- S% }; f5 J. d( w# j8 o- ]
TD Newcrest continues "buy", 12-month target price is $17.00
$ m+ r: K- f, U, e! C( r) n8 y1 [/ X& A: M- s% g! s }+ |" N' i
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86); P ^( ^8 \9 ^- D0 E
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain% A3 y8 r) L* Y7 n
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
" R. z( F- L& b0 {9 |- dCredit Suisse maintains "neutral", 12-month target price is US$1.004 ?2 h+ g8 k2 f; ^. L$ I5 }
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80# g2 ?8 ?7 r- ~- Z j
+ I: z& T- h! G! }2 FNeptune Tech & Bioresources (NTB : TSX-V : $0.79)
( m8 M7 Q) u- QDietary supplement business facing headwinds5 t0 ^, H$ q0 C1 x1 I
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.00 c, [+ q5 h% Z$ z: [
5 \" A6 H% Q5 p6 b+ y# g7 B
Open Range Energy (ONR : TSX : $1.18)* N+ ]1 n2 _! b$ }
Provided operational update and F09 guidance
3 }( w+ C' \& ?, W# J; S" P4 GHaywood Securities continues "sector outperform", 12-month target price is $3.25
( [- B" w- j! N" K3 X3 Z5 S8 o
( f& ^: G6 W8 b2 B9 ?: q; yOsisko Mining (OSK : TSX : $3.13)- R" W9 D `1 k. P
South Barnat resource around the corner
% P, M+ e' E AParadigm Capital continues "speculative buy", 12-month target price is $4.75' _4 o u6 Y- ?$ b% A0 b+ U
% }7 U7 x- A6 l6 }& r5 n* v9 dPan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
. F& A4 g3 `6 b' QProvided operational update! c; r; @0 X' F; k7 i
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
# y! ~! ]' {- M! ?$ a ATD Newcrest downgrades to "hold", 12-month target price is raised to US$17.501 E# Z2 [2 k2 `( I) _
# N8 q$ E. n9 U' h, T9 f+ U n# aParamount Resources (POU : TSX : $7.85)
: R& F! |7 T! n& dProvided operational update: Grande Prairie emerging as the key focus for F096 ]8 [/ R8 o% T3 v5 C" ] S
GMP Securities maintains "buy", 12-month target price is $12.00
0 n! M9 v" K! J" i$ T
* V4 b) W* y; W& PRockwell Diamonds (RDI : TSX : $0.07)
5 M3 G. _ S/ n3 x3 X/ oOperations starting to turn the corner
, [4 {: A1 c8 V3 KRBC Capital Markets maintains "outperform", no target price reported! U7 K/ y! M* d! N
) i0 W% }. o e2 M: s* Z: u
Shaw Communications (SJR.B : TSX : $20.13)6 R+ ?: A( e o
Released Q1/09 results: in line, subscribers ahead
& ^. m! T6 ?7 e0 e/ U0 XCredit Suisse maintains "neutral", 12-month target price is $25.50
5 E5 F: n# R2 {( ?4 ]2 ZGMP Securities continues "buy", 12-month target price is $26.50: P0 z2 B$ o6 P, L, @
) `2 U* x& E k9 k. e
Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
# E" {9 D/ N$ ^* R0 pHeld a sell-side lunch showcasing new U.S. team& D* b( ~7 u; a, ?
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00
, H4 K1 m! C9 x U5 F$ X1 X* a! v- ^, z2 |( N' C, J! @
Trican Well Service (TCW : TSX : $6.93)/ U0 Z) K! p Q9 P& H2 I
Awarded Russian contracts; h: ^& p2 s- o$ i! g/ g6 j
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.759 Q, `$ d( F: D
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
2 z9 ]# N# u5 O3 P7 {& b% \& aRBC Capital Markets maintains "sector perform", 12-month target price is $10.00( B# ~3 c) ~: }# u, W
% l% |# D; _/ o5 g4 b8 DSino-Forest Corp. (TRE : TSX : $8.93)% E L( |; I7 p6 I2 K1 r
Chinese furniture exports rose in November
& |( [0 P* k( z5 ^% _Dundee Capital Markets maintains "buy", 12-month target price is $23.50
6 _9 r$ B( R4 U6 ]. j1 H2 H0 D/ }; D8 t7 Y8 s* R7 }
UEX Corp. (UEX : TSX : $0.88)1 ]4 b' s3 G' l. L* m# R$ k7 M
Shea Creek's two largest deposits have become one
+ W( Q Z3 M4 @8 U* ?/ `Dundee Capital Markets maintains "buy", 12-month target price is $2.75
: a8 N( e' V6 o8 z
8 c" O0 W& s# H6 nVero Energy (VRO : TSX : $4.72)7 ~; F: K. u5 j' F
Released Q4/08 results: horizontal focus to continue in F09
1 p% f B% F* t, S; u. Y, kDundee Capital Markets continues "buy", 12-month target price is $8.00
8 {9 k1 a$ I+ ~) yGMP Securities continues "buy", 12-month target price is $7.50# d4 O' o; ?7 C
Paradigm Capital continues "buy", 12-month target price is $12.00% d& r% D, ]! v7 E. s* `, ?% f5 u
RBC Capital Markets maintains "outperform", 12-month target price is $8.50
; F" O5 V! u# L$ K: z1 t; r2 Z
1 n6 ~2 E" Q6 v2 |; J5 b/ AWi-Lan Inc (WIN : TSX : $1.75)
) r U' ~; L: K1 N7 @: THit homerun with Samsung
% U: j5 p H. Z+ |Paradigm Capital continues "buy", 12-month target price is $3.50 |
|