 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009/ N6 y5 y/ u, Q- L ~
: X4 u1 L7 Y- ?+ x: W, ]8 lAbsolute Software (ABT : TSX : $3.36)
- B+ V7 T! A! B% {) l9 ]" d9 lBracing for a tough few quarters
; |3 ?" h3 m3 i2 T6 q! vCanaccord Capital maintains "hold", 12-month target price is $4.50
. N0 |, R. \; K/ s2 [! O4 P
6 X3 h8 H5 @: b/ M8 B3 @Barrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
2 I4 f. p$ P5 pGrowth outlook, challenging pipeline and high cost structure make future unclear& `! c) K" v9 n$ r
Blackmont Capital continues "hold", 12-month target price is lowered to $48.00* s0 \1 d8 [. h# n2 {/ @" g
TD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00+ r: H, q8 Z7 x# u* P' ]
, A" |2 K: ~, v: P# U' @- ` c
Astral Media (ACM.A : TSX : $22.98)
" @* F; [5 B4 H& Y) \) s& qReleased Q1/09 results: strong, in light of challenging operating environment6 t1 A& c. w' }6 E( P
BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00. ?# @5 G; a" N3 x1 m2 B, ? z
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
) Z4 A! [% C2 c1 w5 }7 lGMP Securities maintains "buy", 12-month target price is reduced to $30.00
) o* c2 x) s5 f9 h7 B. pRBC Capital Markets continues "outperform", 12-month target price is raised to $31.002 |5 i% a% r/ R9 F& p. X3 Z" R7 j
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00
& N! [$ |/ Y- Y6 [; ]9 T2 ^- f, q1 a, R1 h: E
Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)1 d2 b+ q- a Y
Well positioned with gold production forecast to double this year and next# s7 v' o% F' r2 ^0 d
Blackmont Capital continues "buy", 12-month target price is lowered to $83.00
( U0 o: r9 @0 ]0 }( E, WTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
; c. V! y) x/ l: `( S3 C# g; L1 ?" y+ Y6 _
ARC Energy Trust (AET.UN : TSX : $17.15)
: v9 D* P! _/ H/ zReduced distributions by 20%; capex also cut
' L( A. J# w+ H7 L, F7 E& tRBC Capital Markets continues "outperform", 12-month target price is $19.00
: h7 v }& c4 O0 ^' k3 N
4 y4 g* I, [+ _0 m4 RAndean Resources (AND : TSX : $0.75)$ h* }( Q8 k7 `
Announced F09 outlook
. Z" D3 T- O8 X" ?3 i8 p3 mParadigm Capital continues "speculative buy", 12-month target price is $2.25
) X/ Z7 i1 L$ h8 l# MTD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
, R- j& J* ?9 n; ~$ e; r7 ?8 L9 V2 ^1 N1 |1 p7 Y0 Y7 X' S; @
Bombardier Inc. (BBD.B : TSX : $4.65)
, o! S7 X+ w4 y" q$ z2 w3 S5 zRising challenges in Aerospace* f$ ~; U, C5 a" ]
GMP Securities continues "buy", 12-month target price is $8.00
! h2 |- X' X6 b" s
$ M# ?0 q$ r; ]8 cBank of Montreal (BMO : TSX : $31.84)
2 n2 W( e& w6 q; ?3 m) _Acquiring AIG's Canadian life insurance business( L4 P* \) ` e5 L
TD Newcrest continues "hold", 12-month target price is $37.00
3 b6 J) P5 H4 R; Z9 i% {. Y) k+ ~# A+ k# p
Cogeco Cable (CCA : TSX : $33.37)
$ [7 C/ W" w5 q" }6 y& [' J( d! tQ1 review: Canada results encouraging, but Portugal remains a drag
$ C4 }, w8 S6 Q: r. A" c- ?% KBMO Capital Markets maintains "outperform", 12-month target price is $46.00% |* K/ B7 w+ J% b$ U0 W: R' J
Desjardins Securities continues "top pick", 12-month target price is $40.00
. z. |/ S8 @ \) g/ [1 `RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
4 ~: W, b6 g* ~7 O Z1 qScotia Capital Markets continues "sector outperform", 12-month target price is $55.009 o! W! R) U& m' Y( F6 `5 I
7 c' `1 @4 t. f) E6 |3 F
Corridor Resources (CDH : TSX : $2.45)
5 f! i; k0 w2 b: P0 s5 HCapital budget set to expected cash flow; production guidance lowered
$ m9 [* G7 a% \ sRBC Capital Markets maintains "outperform", 12-month target price is $4.25: `9 S! m8 {4 D( P; [ ~1 N
- l: Z& @% l, F% E
COGECO Inc. (CGO : TSX : $25.14), R7 @& B0 J9 X; `( V
Strong radio and cable drives 39% EPS growth, ^6 j3 q" F' [% Z5 b6 x* R9 K
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00
7 c" |- Z0 U5 R2 y* c V- X
+ x+ Z0 S$ d# L; w3 S o; J9 |3 y9 oCanWest Global Communications (CGS : TSX : $0.51)
" D3 i; P q; k- OTaking action to address tough operating environment
4 x- J0 k7 D0 j5 M5 SBMO Capital Markets maintains "underperform", no target price reported
G8 I0 Y2 f! J4 P9 ^9 i/ X& ^* \5 T; xCredit Suisse maintains "neutral", 12-month target price is $1.00
D+ l1 M R7 J' D& s4 EGMP Securities continues "reduce", 12-month target price is $0.50
' \9 m Y) o2 @' E) _RBC Capital Markets continues "underperform", 12-month target price is $0.75
& w/ G* d' m8 lScotia Capital Markets continues "sector underperform", 12-month target price is $0.50
% k2 y9 g5 @$ H
' H# i! x! G: q) eCorus Entertainment (CJR.B : TSX : $12.47)# y9 H* |. k% Z, L
Q1 revenues in line, EPS beat
5 z! ~2 I, d, X) a% E" z/ c- Y8 K. wBMO Capital Markets continues "market perform", 12-month target price is cut to $15.00
5 q; a0 e/ R- y. M& SCredit Suisse continues "outperform", 12-month target price is $20.00
3 V" |! s6 X4 z3 @/ p1 S7 GDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00, m4 ~- p4 Q0 H: S% o5 `
GMP Securities maintains "buy", 12-month target price is reduced to $17.000 L! q3 z1 i: j
RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
# I! U/ A6 s- w& X. R: B, L# k0 AScotia Capital Markets continues "sector outperform", 12-month target price is $18.00" g* m$ O+ B, l% U3 L5 w
- n6 @ R2 w4 d& K) |Calloway REIT (CWT.UN : TSX : $11.84)' j6 e$ M* X/ h r0 [& a& P
Held investor day% u; T+ }/ M6 X% k9 f/ }4 J) O
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00, Y9 s9 T4 C* a8 N u* f( x
, n* ?, F) g+ f0 UDaylight Resources Trust (DAY.UN : TSX : $7.77)% \8 b; L7 C; Y5 |- E2 R
Reduced distributions by 38%; guided for lower capex
1 E( X! ] `) H3 N0 GBMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00
; y# U6 _ T1 q' `8 \2 rDundee Capital Markets continues "buy", 12-month target price is $12.00
: o# D U2 U% N4 L5 Z& } iTD Newcrest continues "hold", 12-month target price is $7.50, r( K( o* b( m' a. A1 I. U
; c A, g5 I E
EXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
9 o2 `8 S+ g% l% V" vSteady market and currency tailwind
- {! N8 z% o. e9 [2 VTD Newcrest maintains "buy", 12-month target price is US$5.00
- o! M. e# D, u3 I% q+ t0 ^9 ^$ h+ K Y7 V
Goldcorp Inc. (G : TSX : $29.74)
# Z' F2 U1 m) N' V, PRevised commodity forecasts
2 {* U! T. T4 G) c9 HBlackmont Capital maintains "buy", 12-month target price is reduced to $49.00
, Q3 }; ~2 ]: j$ s) L& e& f$ Q/ C6 W- Y
Heritage Oil (HOC : TSX : $3.77)
h3 x2 I9 Y+ t; A6 i6 ?0 Z6 u" H! HAnnounced Ugandan commerciality on exploration success
. p% W: S' b1 E# x4 gTD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50
0 ] v) c( r C; _8 l
* y8 n* S( o/ r' E; JHarry Winston Diamond (HW : TSX : $4.98)9 ^3 t& {8 }0 I( x% s3 X* }
Retail division suffers
; K1 k" c* D4 J, mDesjardins Securities maintains "buy", 12-month target price is $12.60% }6 z' `7 ^; g1 K5 `. D! A
$ N3 h6 a+ v. j O) M5 E
Laramide Resources (LAM : TSX : $1.84)
- d4 @! o, E7 U! N4 }& o, BWestmoreland provided more high grade at Redtree's Jack Lens. L( x2 C( B1 _2 {; Q
Dundee Capital Markets continues "buy", 12-month target price is $2.304 Q% `+ o, U' p% [3 s9 y
" Q5 Q9 t0 P, C( m, i: Y- w eLockerbie & Hole (LH : TSX : $6.00)8 E% n1 a8 J4 j* }1 G
Released Q3/09 results: very strong, focus should be on active backlog, L- d9 n( J2 p. H( y/ Y* Y
GMP Securities continues "buy", 12-month target price is $9.00) @ s1 y8 Q8 ]0 U0 p X
Raymond James maintains "market perform", 6-12 month target price is $8.25, o/ v: A7 M3 e! u8 [5 u
0 I9 `4 N; p. l$ X1 u* M4 vLivingston Intl Income Fund (LIV.UN : TSX : $6.00)
' X3 u/ S0 F6 _/ W7 uReduced distributions by 70%1 b* m* u D" [% A. ]
RBC Capital Markets maintains "outperform", no target price reported
[" W/ N1 [* I8 S8 R/ VScotia Capital Markets continues "sector underperform", 12-month target price is $6.50
+ v5 ?5 ^% Y: F: f, P: O6 v& o( _/ |9 ~) F3 A
Matrikon Inc. (MTK : TSX : $2.04)# H: ]6 a- Z- [% O5 O/ S- ~( H
Released Q1/09 results: a little light, but still respectable3 x q! S2 H" a
BMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50
" C# M* A; J1 |+ mParadigm Capital maintains "buy", 12-month target price is $4.00
! T5 d, Q: W, Q, G# p6 \
% z3 f2 s$ [3 _; E* {Mullen Group Income Fund (MTL.UN : TSX : $10.97) _2 F! q5 {* ~& E7 e {2 Y
Expecting lower CFPU on higher taxes y# o! C9 H: I: f+ ^
BMO Capital Markets continues "outperform", 12-month target price is $18.00* I- ~6 n" G5 A) d& A% A
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
y4 F, ~3 v& B9 o& I x6 \4 rTD Newcrest continues "buy", 12-month target price is $17.00
p. X7 X. A% F4 c+ B; w& P! ~1 g3 ^
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)6 S6 j) F. Y% o& t5 b! [! _7 V
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain2 x5 w* X* X7 d6 e
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
+ m2 `" n1 q! V: v0 v& _: q; o7 UCredit Suisse maintains "neutral", 12-month target price is US$1.008 g0 V% b/ q, N( ~% d
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
: t/ G" ?" | f. n/ ~" W: ?$ B! b w* S$ X5 _" F _* | q
Neptune Tech & Bioresources (NTB : TSX-V : $0.79)5 ~6 x0 v7 x E7 ?
Dietary supplement business facing headwinds
( g+ j& r$ B3 u! U( g T- S, U3 U$ j3 n) `Paradigm Capital maintains "buy", 12-month target price is reduced to $4.00
% N* T# b/ u4 X' A- O4 q( J
* W) L8 S5 `: v3 AOpen Range Energy (ONR : TSX : $1.18)
0 D7 b/ j3 a6 ^/ }. ]: {Provided operational update and F09 guidance
3 Q5 q( U! K- m+ JHaywood Securities continues "sector outperform", 12-month target price is $3.25+ n: H, }. c, R5 S) B
% L3 x$ F% l- W* t& u
Osisko Mining (OSK : TSX : $3.13)
$ \, r" r% R! L& f9 ]7 QSouth Barnat resource around the corner
" w* u4 |2 r. }" z! ?Paradigm Capital continues "speculative buy", 12-month target price is $4.75) I) m- o7 ~! }" W
! G. {$ x9 l W5 n4 q; P( f- Y9 k
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)
+ n& B4 e, a3 x8 u! xProvided operational update+ o f8 k- L0 K
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.009 e3 n! q4 j$ g2 k' ?6 `% J+ x- B
TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.505 \" r3 F# ]; k- J: E
4 U0 _6 d. V# k3 j* k: |
Paramount Resources (POU : TSX : $7.85)
% W- a# b. p3 k- X& u3 kProvided operational update: Grande Prairie emerging as the key focus for F09
}# \( Q% n, S( r4 S) y* `GMP Securities maintains "buy", 12-month target price is $12.00. E1 ~; z% w _% n) s$ y
$ v5 Y. Z7 S- Y$ Z, ^3 j
Rockwell Diamonds (RDI : TSX : $0.07)
) U3 O! S4 z7 W0 e, [2 p! q0 JOperations starting to turn the corner- c: K: H! h" z
RBC Capital Markets maintains "outperform", no target price reported
9 e8 {; M# m5 I* _4 ^# Z- C$ H% B7 F/ ?9 M; B) L2 ^
Shaw Communications (SJR.B : TSX : $20.13)
' q {' N. r5 U9 n m7 R9 c+ _4 xReleased Q1/09 results: in line, subscribers ahead1 p* [; W1 s& p; S6 Q& u3 z9 Y
Credit Suisse maintains "neutral", 12-month target price is $25.50( a/ ^- g% N0 j6 ]1 B! \6 y, g* n' m8 e) A
GMP Securities continues "buy", 12-month target price is $26.50
5 ^8 I V# G. I" V4 }
# x7 u% ^" ]/ p0 r( Z4 sSun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
3 k. j4 Z+ u" C, O3 y7 BHeld a sell-side lunch showcasing new U.S. team+ e0 X. w N% S3 B0 \* T3 x* P% g4 x+ c
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00/ V# m8 X7 p+ h- J3 w
`2 U4 ?& W% p( I! \
Trican Well Service (TCW : TSX : $6.93)4 d$ {0 a6 I0 V5 _8 g
Awarded Russian contracts; I8 K6 j1 [) ^9 @3 ^* d
Blackmont Capital maintains "hold", 12-month target price is reduced to $8.75# W3 A" a% }- t9 Q. z& `* |$ ^
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.00
1 I, N6 \2 Q+ ~: u( lRBC Capital Markets maintains "sector perform", 12-month target price is $10.00# \1 u6 j% C# U* S
' Q" f$ o3 D+ ?# G9 \4 H9 N/ p
Sino-Forest Corp. (TRE : TSX : $8.93)1 q3 p R+ w: `
Chinese furniture exports rose in November# O4 I3 O% r I6 | [0 |
Dundee Capital Markets maintains "buy", 12-month target price is $23.505 s7 p' h. z) Y, ]( `
- Q! x6 W7 e; {) gUEX Corp. (UEX : TSX : $0.88)+ g- X, `) s: l2 v2 I. B8 @
Shea Creek's two largest deposits have become one( _' k- V4 f& B8 J
Dundee Capital Markets maintains "buy", 12-month target price is $2.75
8 g3 C% ~0 a/ r/ h w, M4 C% ~& s% T- `) K ] X% h
Vero Energy (VRO : TSX : $4.72). J$ b. ]0 P9 I2 B6 y ]* |8 W
Released Q4/08 results: horizontal focus to continue in F09
: u/ [% b+ O/ L* D' S$ i7 H7 b% WDundee Capital Markets continues "buy", 12-month target price is $8.00
4 F$ m* ]+ L% u0 k8 b/ Y: }) VGMP Securities continues "buy", 12-month target price is $7.50
: J$ u) I1 e$ S! Z4 K' ^Paradigm Capital continues "buy", 12-month target price is $12.006 w7 ?2 v- W$ f" o
RBC Capital Markets maintains "outperform", 12-month target price is $8.50
' D: ]5 R& @( @
( f0 D+ a% q% @4 H$ {Wi-Lan Inc (WIN : TSX : $1.75)4 X h7 q6 {7 v5 D( e
Hit homerun with Samsung
' C2 g4 T* ] ]: y2 xParadigm Capital continues "buy", 12-month target price is $3.50 |
|