 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
1 }2 H# ^$ F; a( ^. k, G2 i
! x* a9 t& ^8 g$ l( I0 {0 L/ AAbsolute Software (ABT : TSX : $3.36)
$ e$ b T7 N1 @) |5 I* q# dBracing for a tough few quarters
' G3 F1 [. k- R% g' ]: _( CCanaccord Capital maintains "hold", 12-month target price is $4.50
5 I9 I3 T6 y" k" N
- _5 L" }5 h Y. i" Q( z* EBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
3 Z6 m3 l! b$ W2 q5 z- UGrowth outlook, challenging pipeline and high cost structure make future unclear
4 J- e; t; Q7 s2 V: @Blackmont Capital continues "hold", 12-month target price is lowered to $48.00
+ [# n9 Q- J* J/ s/ H# FTD Newcrest downgrades to "hold", 12-month target price is raised to US$37.004 s* ^7 z$ u; Y/ l; G2 x5 V- p
5 J0 W: t, [8 e- n2 T
Astral Media (ACM.A : TSX : $22.98)
2 R% ]2 k9 X+ o- l4 JReleased Q1/09 results: strong, in light of challenging operating environment
+ R: X! |6 _. F7 u" wBMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.003 a! ?# `9 H* C9 h+ L6 Q+ ?( y
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
4 S/ x6 ?$ t: A2 [; K" uGMP Securities maintains "buy", 12-month target price is reduced to $30.00
4 ?+ R* }( \( w" P! W0 ORBC Capital Markets continues "outperform", 12-month target price is raised to $31.00" C8 N+ |) w1 q* {" n& ]) {4 I
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.000 h9 c4 ^7 Z9 b4 S' g" y
' l7 q- R0 w% s5 C; d9 o
Agnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)
* N( f3 b% F6 ]; pWell positioned with gold production forecast to double this year and next/ Z4 h7 v5 I8 d3 s" k
Blackmont Capital continues "buy", 12-month target price is lowered to $83.005 K9 K( n5 }; n; f
TD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00
/ d, S/ H$ m( {/ u; y: x9 ?9 s' P
ARC Energy Trust (AET.UN : TSX : $17.15)% b8 {1 q6 H2 K' t
Reduced distributions by 20%; capex also cut$ P5 o% U2 q$ ^; S7 D8 i; T5 X
RBC Capital Markets continues "outperform", 12-month target price is $19.00
+ l# H4 F: \4 K" f# ^ f# Z& g7 c, ~3 H% K6 X$ P' ^
Andean Resources (AND : TSX : $0.75)
# k# c( t" p$ z- Z" V5 s: wAnnounced F09 outlook
% s1 G$ J4 z3 ~Paradigm Capital continues "speculative buy", 12-month target price is $2.25
8 i1 ]1 P. E! Y' @1 kTD Newcrest downgrades to "hold", 12-month target price is cut to $1.00& K2 }, X2 W$ n7 x2 C: y& b
8 Z* }4 a$ K/ y# W, A6 J
Bombardier Inc. (BBD.B : TSX : $4.65)
) Y) ~4 E0 v# X- A$ o$ p* tRising challenges in Aerospace
$ s) \- w% _6 n+ v8 W( s2 xGMP Securities continues "buy", 12-month target price is $8.00) L1 W( C/ m+ d7 o& {/ i3 L
M- v) C9 y+ K/ SBank of Montreal (BMO : TSX : $31.84)- o$ f8 p8 L) H* G* M: D
Acquiring AIG's Canadian life insurance business/ d- n7 h+ W% Z& ?) {+ U. a
TD Newcrest continues "hold", 12-month target price is $37.00
$ {) i4 X1 @; l$ w6 s7 a5 S: G' K6 ]: a8 K/ _- O
Cogeco Cable (CCA : TSX : $33.37)7 T" z4 N7 q4 k7 A8 l
Q1 review: Canada results encouraging, but Portugal remains a drag7 x& i0 g+ ^1 w' d, N* J
BMO Capital Markets maintains "outperform", 12-month target price is $46.00
$ F y" `6 j* iDesjardins Securities continues "top pick", 12-month target price is $40.00, q% E3 I! w& X8 t
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00
) Z' H1 X$ B: pScotia Capital Markets continues "sector outperform", 12-month target price is $55.00) H" J# M" t( Y
0 C X/ ^2 c: `" dCorridor Resources (CDH : TSX : $2.45)5 D! r. W7 }* F* _. c7 D/ Z
Capital budget set to expected cash flow; production guidance lowered1 N, e6 Z i% ^2 m; z1 y
RBC Capital Markets maintains "outperform", 12-month target price is $4.25
) c0 @* O m H' F: k7 w9 V. Y$ \2 s+ b- ~) W( `; @6 A7 @2 h' N
COGECO Inc. (CGO : TSX : $25.14) V# g1 p6 T/ D9 |
Strong radio and cable drives 39% EPS growth; K9 g- B" x% H% L8 X% C+ p R
Scotia Capital Markets continues "sector perform", 12-month target price is $45.00# @0 p1 h. C# I% S
: T2 j/ {! A2 }! z" r4 _CanWest Global Communications (CGS : TSX : $0.51)/ H+ {9 f& d' M
Taking action to address tough operating environment
. a& u& M9 ]7 eBMO Capital Markets maintains "underperform", no target price reported/ T" Y5 S3 J c9 ?9 |. U
Credit Suisse maintains "neutral", 12-month target price is $1.00. [% u: s" x- G- j
GMP Securities continues "reduce", 12-month target price is $0.50, e. F' c) v6 n* h2 j
RBC Capital Markets continues "underperform", 12-month target price is $0.75
m3 X9 B' S6 t2 l7 E* L& yScotia Capital Markets continues "sector underperform", 12-month target price is $0.505 Q/ p" c I; F+ A; Z
8 L# M" F: @8 L$ W2 sCorus Entertainment (CJR.B : TSX : $12.47)+ X5 o: s7 w- @6 y5 R
Q1 revenues in line, EPS beat
8 u: P- S5 S YBMO Capital Markets continues "market perform", 12-month target price is cut to $15.00
p, h& B$ V& C+ C3 F4 PCredit Suisse continues "outperform", 12-month target price is $20.00
( s0 c+ r4 q% I' p' ?6 p0 jDesjardins Securities maintains "buy", 12-month target price is lowered to $15.009 F+ V! K V' W5 n2 l2 h* n
GMP Securities maintains "buy", 12-month target price is reduced to $17.00
5 R/ V8 B4 v' I# w$ h+ \! @RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.50
; \' |, [ u* v/ p2 _Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
$ q7 \! k# C' f& q7 u \6 Y; H/ R( [ U0 W
Calloway REIT (CWT.UN : TSX : $11.84)2 Y% Y4 ?, C$ k! s( A
Held investor day
/ q/ N- p4 p9 R& A' a6 v9 J' t8 xScotia Capital Markets maintains "sector underperform", 12-month target price is $11.00
# @0 \! V& p! z% c, y7 P
0 F0 m/ L2 }9 i3 nDaylight Resources Trust (DAY.UN : TSX : $7.77)* |- G& l$ z" E1 q5 b4 f3 p
Reduced distributions by 38%; guided for lower capex
0 J# H3 Q2 X8 _# G# [2 @BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.00# Z9 ~% B5 b: s q v) B5 t
Dundee Capital Markets continues "buy", 12-month target price is $12.00! u3 k( F1 r; D% V; x& Z- x9 z
TD Newcrest continues "hold", 12-month target price is $7.50, v. A @! A% q+ B Y
% [. z+ G R1 F3 O }, x" s2 K( u7 pEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
9 M, Y- z5 v% G3 g# O' aSteady market and currency tailwind j. M: \* E* {6 |1 W
TD Newcrest maintains "buy", 12-month target price is US$5.00
: q+ ]9 m. {% W* |
9 U% p8 c3 H; F- P$ |! t5 Q+ qGoldcorp Inc. (G : TSX : $29.74)/ o7 o4 B6 f. _# K3 N) _
Revised commodity forecasts# u$ y: Y7 m& O9 |" u
Blackmont Capital maintains "buy", 12-month target price is reduced to $49.00& f. r0 R7 e% u3 A* }* w
8 {) p/ ?* { @: `9 t
Heritage Oil (HOC : TSX : $3.77)1 O1 a7 ^/ B. v0 `, q! |6 t7 E$ _+ t
Announced Ugandan commerciality on exploration success
5 m9 i; f8 o: D0 I' ~2 O( l, ~TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.50/ [# c+ l, h' Q& B4 B
b: ?2 o+ P' [8 Z/ m
Harry Winston Diamond (HW : TSX : $4.98); P$ B X; e. t5 Y" _
Retail division suffers: X u3 A+ L/ {7 Z) D. ?
Desjardins Securities maintains "buy", 12-month target price is $12.60
0 Y. L4 @, u8 S# Z% `
# D" q3 x( o! U# \2 X- o4 PLaramide Resources (LAM : TSX : $1.84)9 t5 u+ p) D# n0 V% o4 h; r
Westmoreland provided more high grade at Redtree's Jack Lens+ ?& c, X& W0 w* A' I5 E( G
Dundee Capital Markets continues "buy", 12-month target price is $2.30
3 l) v. `4 c- k: S( ~# F r) H: Z! C" X
Lockerbie & Hole (LH : TSX : $6.00)- m- v4 [5 x. M0 y: z" k) e
Released Q3/09 results: very strong, focus should be on active backlog
- C/ v9 v9 A9 i1 S- j, iGMP Securities continues "buy", 12-month target price is $9.00
- L v0 X: c. d7 B0 FRaymond James maintains "market perform", 6-12 month target price is $8.250 ^8 o( k: q% t; \
* h5 ~' \9 Z( l3 E
Livingston Intl Income Fund (LIV.UN : TSX : $6.00)
4 F% R z9 m2 h6 M5 pReduced distributions by 70%
6 a. v0 q' r; c* wRBC Capital Markets maintains "outperform", no target price reported% I9 S% l- i. ? x$ t& Y
Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
6 E9 q# `/ f) X' C( N
8 [6 m9 `# S% _. w6 R9 NMatrikon Inc. (MTK : TSX : $2.04)
- f( F3 S! w" d6 K8 f) l% [Released Q1/09 results: a little light, but still respectable
5 E; H4 V9 I! xBMO Capital Markets continues "outperform", 12-month target price is lowered to $2.50; z1 S7 n9 s" T b$ z! o
Paradigm Capital maintains "buy", 12-month target price is $4.00
: b) L: c* w/ t
" g7 D$ R6 [: \Mullen Group Income Fund (MTL.UN : TSX : $10.97)
/ Z4 d5 d- J5 w4 z" X1 nExpecting lower CFPU on higher taxes- Q4 m! w: y" X3 u
BMO Capital Markets continues "outperform", 12-month target price is $18.002 \7 I& d/ a- O. P1 o, k; _) v
RBC Capital Markets continues "sector perform", 12-month target price is $12.00# x% M' y7 B* S" Y8 i: j7 i
TD Newcrest continues "buy", 12-month target price is $17.00
/ o; `( _8 s& Q) D7 S5 D: O+ \7 h3 o' F& z, P
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)! I) x; c4 H8 n4 g& V
Released Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain2 N A' Z; A) Q
Blackmont Capital continues "hold", 12-month target price is reduced to $1.25
2 } N9 Y6 f3 V, HCredit Suisse maintains "neutral", 12-month target price is US$1.007 U5 s: g f, k4 b+ W. h
Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
& Q" \3 {+ P, Z& L$ ]8 W# J" b! f# k a1 ^* ?3 Z
Neptune Tech & Bioresources (NTB : TSX-V : $0.79)3 G K2 ^, n9 f0 @1 _
Dietary supplement business facing headwinds
# A5 r& J3 I9 k0 e2 iParadigm Capital maintains "buy", 12-month target price is reduced to $4.00
4 q9 N/ v* E0 z) v5 d$ [/ ?# G0 N0 K
Open Range Energy (ONR : TSX : $1.18)* Q- a) {8 z9 R. P
Provided operational update and F09 guidance
: d' o( [8 X& r' MHaywood Securities continues "sector outperform", 12-month target price is $3.25
0 N, z6 J; `8 r, z( R0 d: a9 b* s& b" Q7 W4 K
Osisko Mining (OSK : TSX : $3.13)) C5 Y( z6 N* p+ h9 e, C3 f( d
South Barnat resource around the corner6 t c9 g2 G* w" l
Paradigm Capital continues "speculative buy", 12-month target price is $4.752 K( R. H- c$ i
5 A8 z4 U# e! s" X+ @6 N+ z2 }
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)4 _2 n* c; v$ M/ a3 C7 L! y* @
Provided operational update
" O& E8 f8 U r) z* K! C iBlackmont Capital maintains "hold", 12-month target price is lowered to $19.00
1 q) s' I& }& a& kTD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
5 ~* w" A3 \& M
& v+ D x: M$ |8 z# i' T/ @* UParamount Resources (POU : TSX : $7.85)
: R' t3 P: d5 m8 P, Z) Y q+ W- cProvided operational update: Grande Prairie emerging as the key focus for F09
$ N; b# |* ~8 y, H; J% p( {* YGMP Securities maintains "buy", 12-month target price is $12.00
0 e# w# R2 J+ I* ]* ^
6 T5 x, [; P' T# ?! d2 y% JRockwell Diamonds (RDI : TSX : $0.07)
+ Q' i9 M& n: a P% COperations starting to turn the corner
- X2 z% k& s& F8 O. q' I: rRBC Capital Markets maintains "outperform", no target price reported: n# Q, W1 n! c" C" z
7 T" u4 X4 G; l2 f% sShaw Communications (SJR.B : TSX : $20.13)# @& E% H! y, Z9 c7 R
Released Q1/09 results: in line, subscribers ahead
" n& o: z: C9 r# \+ yCredit Suisse maintains "neutral", 12-month target price is $25.50" a7 R# _4 s% p+ K
GMP Securities continues "buy", 12-month target price is $26.50
R. o9 P6 z& V9 }0 g+ \' o/ x! w8 p3 g& ~! P) v
Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)
+ x8 J' n! { }3 g# rHeld a sell-side lunch showcasing new U.S. team
! U/ T3 a0 i9 L$ S, DScotia Capital Markets maintains "sector perform", 12-month target price is $33.00
" s, e( a/ [/ h/ Y+ l; x$ \6 k- K; F* _& d( H# y+ E+ R
Trican Well Service (TCW : TSX : $6.93)
' O8 \$ f. a$ G3 t- E7 F; sAwarded Russian contracts
4 n9 d" R$ t. Q6 b9 j$ t* f' n, CBlackmont Capital maintains "hold", 12-month target price is reduced to $8.75
; C* R H$ H- ~Raymond James maintains "market perform", 6-12 month target price is lowered to $9.005 X% O" _0 m5 q% o9 M! D, b; h
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
' R% }4 g/ N% |
3 k% R" w( m2 t J' b5 N( y) t1 zSino-Forest Corp. (TRE : TSX : $8.93)( r$ p' ?- |* X Q. y1 M: R
Chinese furniture exports rose in November
1 ], R$ t. V9 b; ^; `9 y, X4 @Dundee Capital Markets maintains "buy", 12-month target price is $23.50
* x) s* d/ R' x* I9 G+ O/ c5 s! P0 T; S* V
UEX Corp. (UEX : TSX : $0.88)3 A: U, J p# c7 N* Y
Shea Creek's two largest deposits have become one
9 g- h8 O8 t: {$ o1 u4 qDundee Capital Markets maintains "buy", 12-month target price is $2.75
: O6 d4 o& _9 }+ Y
8 \# _' R( s1 U6 r) X1 SVero Energy (VRO : TSX : $4.72)
1 K1 O9 L7 O+ o5 jReleased Q4/08 results: horizontal focus to continue in F09
: l( k8 b! U: }* X* h% j/ mDundee Capital Markets continues "buy", 12-month target price is $8.004 n6 X& G6 m. k; T$ W1 C2 `7 G9 V
GMP Securities continues "buy", 12-month target price is $7.50' \, S0 s- M& _7 `+ W9 u- f
Paradigm Capital continues "buy", 12-month target price is $12.00! e% w7 [# `: B
RBC Capital Markets maintains "outperform", 12-month target price is $8.50
% t& u+ I- ?) w7 o: k) ~9 c3 S9 G' [/ p$ G
Wi-Lan Inc (WIN : TSX : $1.75)
# c7 @* J$ G8 S. V) t7 k5 H7 Q; sHit homerun with Samsung! i* v7 l/ d% [: q$ d9 ^$ e q
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|