 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009: a3 @/ Y, W- A* U: A
+ p0 O6 f8 \% R2 N9 @% {
Absolute Software (ABT : TSX : $3.36)1 `5 v2 T, a$ Y+ |+ I0 d
Bracing for a tough few quarters
' i9 E) t- Y6 \- eCanaccord Capital maintains "hold", 12-month target price is $4.50- O8 K u1 H2 n! }7 O+ m
5 [# d7 `- L" W8 v0 a3 ]
Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
+ i2 ]3 _5 Z/ ?* hGrowth outlook, challenging pipeline and high cost structure make future unclear
( M! K9 O/ C/ v; z1 C4 G6 T O# RBlackmont Capital continues "hold", 12-month target price is lowered to $48.001 o5 o' I; f. P) j7 P" d
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.001 _- p" x8 y( d8 |& F) v
! f. ` L/ P3 P( g/ ~/ G
Astral Media (ACM.A : TSX : $22.98)
4 [* F- S1 y4 x" E9 cReleased Q1/09 results: strong, in light of challenging operating environment
( P/ {. x/ j `3 T" C+ \BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00
5 k j; `8 c0 t' ?, |: M7 |Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
& r4 N7 _6 | L% `GMP Securities maintains "buy", 12-month target price is reduced to $30.00! P* F/ T U0 r% I
RBC Capital Markets continues "outperform", 12-month target price is raised to $31.00
) S, G( F8 E {( ~- S& AScotia Capital Markets continues "sector outperform", 12-month target price is $30.00
7 A! s& u4 }" }
+ [ }0 i# n( n6 NAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)
1 v( H: Y( U9 u+ M( T {5 yWell positioned with gold production forecast to double this year and next
3 c) O8 B2 t4 R' XBlackmont Capital continues "buy", 12-month target price is lowered to $83.00
* b4 x. x, v& F# c. VTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00/ L; h- ]' K+ P0 @6 c- M% t
; L! `, `+ x" m: k" f2 y
ARC Energy Trust (AET.UN : TSX : $17.15)
1 ^' Q# Y* i7 oReduced distributions by 20%; capex also cut
- e3 h+ S: y+ C* ]% fRBC Capital Markets continues "outperform", 12-month target price is $19.00
7 C2 s' W n$ O i1 _2 p$ E* B8 m3 q1 T
9 T/ T' m7 @8 Z. }% cAndean Resources (AND : TSX : $0.75)3 r1 ^- K4 _/ P; v6 n
Announced F09 outlook+ }- J$ r( J' |) j' i# }6 o4 M
Paradigm Capital continues "speculative buy", 12-month target price is $2.25( \7 H. [$ Z( U4 N3 U G
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
d" V5 l* a" L, m# q4 }- Q/ v
* r4 O$ A* d E" CBombardier Inc. (BBD.B : TSX : $4.65)
Q- _+ L' ?# M& y/ }Rising challenges in Aerospace$ I2 |- A" M2 T. a9 L+ U
GMP Securities continues "buy", 12-month target price is $8.00
6 N% X" l0 j: h7 o2 p6 }# o- }- I* }( q3 D9 n: d/ [6 k4 a/ {# I+ `
Bank of Montreal (BMO : TSX : $31.84)
* `+ e4 A: e2 b* X: V8 ZAcquiring AIG's Canadian life insurance business
6 r! A H+ P( R$ V- ?! a1 |* t6 WTD Newcrest continues "hold", 12-month target price is $37.00; L3 ?0 b, K* ?' z8 y
) q8 [( r2 _; S* `' PCogeco Cable (CCA : TSX : $33.37)
3 J8 W2 H) y# q# cQ1 review: Canada results encouraging, but Portugal remains a drag
) E' l5 R, U% o' {4 GBMO Capital Markets maintains "outperform", 12-month target price is $46.002 {& u: K! i7 L, ^0 t y
Desjardins Securities continues "top pick", 12-month target price is $40.00
& F q( Z0 p; T! rRBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
* l; n; k" T7 tScotia Capital Markets continues "sector outperform", 12-month target price is $55.00: n: h7 c; m0 @! C2 w, i/ o2 C
# x4 B N3 b& R3 M" @
Corridor Resources (CDH : TSX : $2.45). R; p h+ Q5 c4 D9 Z
Capital budget set to expected cash flow; production guidance lowered6 [( j* i- W; |6 r
RBC Capital Markets maintains "outperform", 12-month target price is $4.25
' I5 d4 ^! t& V% y' Y1 N( V
H- {5 ]! r: D! B! H5 T1 FCOGECO Inc. (CGO : TSX : $25.14)
# d5 A7 N+ V8 j$ s& \* hStrong radio and cable drives 39% EPS growth7 V9 U: R% F# m0 m8 V/ l
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00( M+ w2 E! f( z
7 ^6 f9 k. T9 E2 c* X
CanWest Global Communications (CGS : TSX : $0.51)
# C+ g& o6 C8 c; d: _Taking action to address tough operating environment$ @- ?( o8 D+ }/ |; b- q# E: \
BMO Capital Markets maintains "underperform", no target price reported% f9 V8 |3 N) H% s$ f
Credit Suisse maintains "neutral", 12-month target price is $1.00
8 z+ E* v. I+ ^2 OGMP Securities continues "reduce", 12-month target price is $0.50: d ~5 ?5 Z; n6 n( o/ A( e
RBC Capital Markets continues "underperform", 12-month target price is $0.752 @+ J+ j% R6 v7 C; w2 \: k4 m: C
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50
9 d5 k. W M; k1 [
6 Z5 n, u3 M& t: X0 Q6 QCorus Entertainment (CJR.B : TSX : $12.47)8 j* t( x" g% @: {5 l* ]; ]- p7 D( d
Q1 revenues in line, EPS beat j- [, ~$ ~! T
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00
: [, r" E! c" h7 C& DCredit Suisse continues "outperform", 12-month target price is $20.00
% e) ~4 Z1 W/ |8 m8 H dDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00
K% f6 j) Y3 N- ZGMP Securities maintains "buy", 12-month target price is reduced to $17.00
6 o) m+ ~* V& U' w( H' QRBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50' }+ K- E6 P/ G, K
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
: }5 k6 x) C1 p/ r% F9 s+ U0 Z- s& f/ P' g( a4 A5 i
Calloway REIT (CWT.UN : TSX : $11.84)+ H9 u5 ?: q' H& a
Held investor day' C% {- l5 G* ]$ `- r9 ^
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00+ w5 \$ w/ D7 [
- G j' t6 w+ \: @, f1 K# [Daylight Resources Trust (DAY.UN : TSX : $7.77)" v8 ^+ Q! l$ `2 a3 O f
Reduced distributions by 38%; guided for lower capex' n9 d3 I1 K( N% @7 D2 o
BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00+ T; m4 O% C L% \( W3 W
Dundee Capital Markets continues "buy", 12-month target price is $12.004 X7 N6 e! `/ ~
TD Newcrest continues "hold", 12-month target price is $7.50
) V( e7 j/ r* t) }
7 U' G4 t' m' I/ l, X& JEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
+ d4 i0 G) z' L1 o/ ^+ L! k2 \Steady market and currency tailwind
. n9 G/ {! P' E. hTD Newcrest maintains "buy", 12-month target price is US$5.00& M- s- S$ D2 |, O
2 }* T& E7 m2 @) B4 FGoldcorp Inc. (G : TSX : $29.74)' ~ R- d9 `% e" B/ D1 F
Revised commodity forecasts' e% C+ X w |3 I9 ~* j' B+ h
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00
% {) }4 i8 H$ Q. U( j% l4 {5 a& O: y; P; i" _! k* R
Heritage Oil (HOC : TSX : $3.77)5 u e/ [& S0 {3 _) I2 y
Announced Ugandan commerciality on exploration success
" |5 [% n A. {4 T/ q8 m ZTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50! U, A+ b' [, n7 p" U$ X
) ?$ y! K1 E- [5 M% a; {/ HHarry Winston Diamond (HW : TSX : $4.98)
7 S2 x$ c# z, LRetail division suffers
% @- l$ o+ W" PDesjardins Securities maintains "buy", 12-month target price is $12.60
7 U0 x# q1 D; L
1 |" e+ ~! s1 Q, V9 ~Laramide Resources (LAM : TSX : $1.84)8 M2 T% ]7 W6 {) |% p p# l
Westmoreland provided more high grade at Redtree's Jack Lens9 N. U3 w( ]" k) D5 C
Dundee Capital Markets continues "buy", 12-month target price is $2.30/ o$ A) C2 X6 J- V0 r- Y! \* R
! w$ \( O$ |2 mLockerbie & Hole (LH : TSX : $6.00), P/ [2 j/ C* t# l% O, U
Released Q3/09 results: very strong, focus should be on active backlog
% ?. m) [4 T, N! T; \" QGMP Securities continues "buy", 12-month target price is $9.00' x1 e: [+ j$ R) K _% A, N; o. @
Raymond James maintains "market perform", 6-12 month target price is $8.25
4 ?& K9 }. E0 t; g; h O/ [0 F" f2 I
) K0 U( T8 L7 F* D9 KLivingston Intl Income Fund (LIV.UN : TSX : $6.00)
; T- y# K8 Z% [* VReduced distributions by 70%/ M2 E5 J! C* y. c& W! ~4 n2 C+ |
RBC Capital Markets maintains "outperform", no target price reported: r0 _ _% C; Z7 f( U+ A8 {1 v) X1 i
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.503 g% p& x+ E8 `# C* P
9 r- Z3 `4 a8 P- {( }8 b
Matrikon Inc. (MTK : TSX : $2.04)
\" }# v) J( D: p) VReleased Q1/09 results: a little light, but still respectable
$ U2 l) n9 F" }7 X- C( b+ yBMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
3 H6 @! f/ g$ b9 s8 @% LParadigm Capital maintains "buy", 12-month target price is $4.00
1 c4 Y& @, ?- d. ]+ a3 J
! d/ l; ~5 G6 A; Y* {' G: k- @Mullen Group Income Fund (MTL.UN : TSX : $10.97): ?0 Q; T1 W. Z$ H3 Y. h
Expecting lower CFPU on higher taxes
. o1 w) {; n- s2 G% O% o0 K5 TBMO Capital Markets continues "outperform", 12-month target price is $18.00: _$ I, t2 {7 K5 f0 t* B7 E* G3 Q
RBC Capital Markets continues "sector perform", 12-month target price is $12.00: D& o7 W; K1 Z
TD Newcrest continues "buy", 12-month target price is $17.00; b0 L6 U, E% b w( h
4 Z5 y% E% ]8 g2 l4 }" f
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)+ X$ V3 b; y9 z
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain
: S* S" ]) i: }5 o* B- W- j" wBlackmont Capital continues "hold", 12-month target price is reduced to $1.252 b, x& Z b/ y( ~
Credit Suisse maintains "neutral", 12-month target price is US$1.00; m# e6 z b7 h% i+ \( p9 \$ O
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.803 s4 D( T9 P! A: r4 Q
+ C$ N/ ?6 n7 a) V: i8 z6 J5 m; b
Neptune Tech & Bioresources (NTB : TSX-V : $0.79)% A, X- g- I: f6 D% v8 z
Dietary supplement business facing headwinds
5 e% O1 s) f- g( IParadigm Capital maintains "buy", 12-month target price is reduced to $4.00
" e2 g% P- J2 l3 _+ c9 j' l8 l! g3 O+ |
Open Range Energy (ONR : TSX : $1.18)
: E4 r: C a2 A5 \9 U; vProvided operational update and F09 guidance4 b3 Z" j% {- L8 k
Haywood Securities continues "sector outperform", 12-month target price is $3.25" i5 e8 I( S' X) m, O1 U" W
/ I2 X% p5 c0 v/ ?
Osisko Mining (OSK : TSX : $3.13)
0 o7 I+ [7 T1 M+ x8 m+ YSouth Barnat resource around the corner! C6 w! ]8 t2 e+ l! P" U
Paradigm Capital continues "speculative buy", 12-month target price is $4.75
) D; S' k. p7 C" y7 S' M3 I5 t/ z% h7 O" M
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)6 N+ \' C# f+ @$ R4 k: U8 P6 L
Provided operational update1 k3 ?7 t# i4 I, I8 J
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.00
, ^. G/ D$ U6 a8 v6 W- }TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
8 D* B1 N+ G. s: _
+ u, T# [, R$ U+ x' ?! ~% iParamount Resources (POU : TSX : $7.85)
& Y4 [7 x9 A2 X$ b% d4 sProvided operational update: Grande Prairie emerging as the key focus for F09/ t2 J& V. y! `+ @/ N2 N
GMP Securities maintains "buy", 12-month target price is $12.00
( H. H# }) z$ S" i g$ K, ~* j6 R( f9 t3 D V& t( j/ s+ b% L6 X
Rockwell Diamonds (RDI : TSX : $0.07)
; K" Z( j: o6 p- V- s* _1 OOperations starting to turn the corner
4 `' I2 B* T. {) a# kRBC Capital Markets maintains "outperform", no target price reported
- F! {1 z L8 p& ^4 X* q
* }& R% S, V* l( z+ y% _Shaw Communications (SJR.B : TSX : $20.13)
x/ y# E* ?* x* q% UReleased Q1/09 results: in line, subscribers ahead
) F9 } g' w4 ~. qCredit Suisse maintains "neutral", 12-month target price is $25.50
& ]4 z4 j; d# z& v4 F! `GMP Securities continues "buy", 12-month target price is $26.502 ]1 f) a% Q/ l5 g
+ l) ]6 P5 U6 I; e7 _Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)8 r/ E2 ]% S4 F0 w3 p+ f& |& m% |+ `
Held a sell-side lunch showcasing new U.S. team
: E {4 `% D' G7 B' tScotia Capital Markets maintains "sector perform", 12-month target price is $33.00
- Y& w$ E( ?' Y, q8 u7 i8 \! {9 k" _
Trican Well Service (TCW : TSX : $6.93)
9 D7 q% J* @0 ?0 ~Awarded Russian contracts
( b$ r' m% M$ x# g( [; _2 S" ^Blackmont Capital maintains "hold", 12-month target price is reduced to $8.752 L a! _0 L6 `- Q6 V
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
% ~3 l/ y# E0 {6 q" YRBC Capital Markets maintains "sector perform", 12-month target price is $10.00
: y- @ f! ^7 w) T5 z$ M$ K/ j; l& w% ~, y9 ]9 C
Sino-Forest Corp. (TRE : TSX : $8.93)
4 c' K. f; f, S8 c: ?0 gChinese furniture exports rose in November
5 T6 X" D! A" D7 H2 Y) m+ \# ~, R: ~Dundee Capital Markets maintains "buy", 12-month target price is $23.502 j7 P; b9 N1 M$ O1 ~4 A) W6 h/ s
: H$ Y! u. d# v7 }0 iUEX Corp. (UEX : TSX : $0.88)$ S2 L& w* L' ~( I( P( u
Shea Creek's two largest deposits have become one
1 y# c' Z5 m7 r8 q* D! QDundee Capital Markets maintains "buy", 12-month target price is $2.757 M/ i5 M; Y! @7 Z
- |3 x* A7 v/ o/ w, c: M$ I
Vero Energy (VRO : TSX : $4.72)
9 L- i. B, Q# f1 C* D) t- x+ PReleased Q4/08 results: horizontal focus to continue in F099 h$ s+ ?8 x% b
Dundee Capital Markets continues "buy", 12-month target price is $8.007 v3 j8 U$ M* W- u! H$ `/ O
GMP Securities continues "buy", 12-month target price is $7.50
8 A2 S) R1 q+ b# J- g$ [3 j+ GParadigm Capital continues "buy", 12-month target price is $12.00/ g ^/ k7 U0 m1 d' A3 l7 {5 L2 L
RBC Capital Markets maintains "outperform", 12-month target price is $8.50 \$ W/ G1 {( K% r6 |9 O
9 l: F* B: f( `. U5 }' XWi-Lan Inc (WIN : TSX : $1.75)8 r+ O. O3 e3 e* j' T
Hit homerun with Samsung+ x$ `# k, |' D) {. h' A: j
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|