 鲜花( 0)  鸡蛋( 0)
|
Ear on the Street --- Jan. 16 2009
" D$ r% d# V& J
' c+ ~5 o `$ nAbsolute Software (ABT : TSX : $3.36)3 q2 y* v7 M; L
Bracing for a tough few quarters) `6 r: F6 V$ ~; O1 {2 C
Canaccord Capital maintains "hold", 12-month target price is $4.50
) @1 u4 f( A- q
' q% z9 V4 h7 F' z: I% DBarrick Gold Corp. (ABX : TSX : $39.73 | NYSE : US$31.45)
, ~- C1 i4 M* z( A7 HGrowth outlook, challenging pipeline and high cost structure make future unclear
- _: Y- c% R& d3 S' fBlackmont Capital continues "hold", 12-month target price is lowered to $48.00
% Z3 l, z# ^+ k$ ^/ O. t5 LTD Newcrest downgrades to "hold", 12-month target price is raised to US$37.00
, M8 v) z+ v& O* }& W; M5 p; m! Q0 p; S; H/ i
Astral Media (ACM.A : TSX : $22.98)+ c/ O8 T# Z. l j1 }( y5 k6 k. H) I
Released Q1/09 results: strong, in light of challenging operating environment
* i5 L4 p+ e& I8 [: e i) ^BMO Capital Markets maintains "market perform", 12-month target price is reduced to $26.00% R4 G5 j$ k: V2 M
Desjardins Securities maintains "buy", 12-month target price is slashed to $28.00
i4 h9 D8 n+ R. R1 CGMP Securities maintains "buy", 12-month target price is reduced to $30.00
- f% N( P% |: U$ {4 zRBC Capital Markets continues "outperform", 12-month target price is raised to $31.00: X E5 ~% \' v" x0 Q: [
Scotia Capital Markets continues "sector outperform", 12-month target price is $30.00
8 r, }. @' v1 B: h
/ Y5 ^' a% W( l1 y, s( i- z* vAgnico-Eagle Mines (AEM : TSX : $57.00 | NYSE : US$45.07)# Q! R+ {& h8 o$ d7 V0 q: c3 E" w( i
Well positioned with gold production forecast to double this year and next8 q: Z) X9 K& [4 S
Blackmont Capital continues "buy", 12-month target price is lowered to $83.00
) L1 M: z( }, b/ b; hTD Newcrest upgrades to "action list buy", 12-month target price is raised to US$62.00" ^: q/ c4 }) J# G# v! O* {
1 D$ H F# @: T `' L; J3 nARC Energy Trust (AET.UN : TSX : $17.15)4 p! `" b$ }6 D: O, m' M
Reduced distributions by 20%; capex also cut$ I! Q3 @5 |7 l# W6 Y) D! F. D" x
RBC Capital Markets continues "outperform", 12-month target price is $19.001 c K# N2 h/ b7 l0 C1 e6 a
# R& T2 X: @3 c! X, W
Andean Resources (AND : TSX : $0.75)
' p8 J" e6 b% Q7 O5 iAnnounced F09 outlook0 A! H+ p+ O9 Y6 P/ u
Paradigm Capital continues "speculative buy", 12-month target price is $2.25. _1 S+ d# A" P
TD Newcrest downgrades to "hold", 12-month target price is cut to $1.00
+ `: E& D ~/ x) F: l0 V1 o" v( }0 ]! L8 i6 X# ~
Bombardier Inc. (BBD.B : TSX : $4.65)
% n& N# p) j* JRising challenges in Aerospace
$ G% _2 P/ G- C7 iGMP Securities continues "buy", 12-month target price is $8.00
* y% o, ?! n9 r( E% y/ Y. M3 P' S4 V3 H
Bank of Montreal (BMO : TSX : $31.84)
# H7 i: Q/ m' j. UAcquiring AIG's Canadian life insurance business
" o u1 h; K0 S, LTD Newcrest continues "hold", 12-month target price is $37.002 }4 j) ?" H6 ], [3 j
: A# U7 I5 F: e" b6 W* a* X
Cogeco Cable (CCA : TSX : $33.37)
7 P- z5 A( ~9 w- TQ1 review: Canada results encouraging, but Portugal remains a drag
* r" k4 \9 ^. O1 a, |, y0 ]BMO Capital Markets maintains "outperform", 12-month target price is $46.000 h: M5 E( m( O
Desjardins Securities continues "top pick", 12-month target price is $40.00" d( W5 W, W8 C3 @. u
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $43.00& \. L: Z$ S$ W9 m( ^
Scotia Capital Markets continues "sector outperform", 12-month target price is $55.00
9 ?3 g- H5 q* I# ^8 q2 N
# u& l2 P6 r0 A# ]# p( T% W- |% ?Corridor Resources (CDH : TSX : $2.45)
4 G$ M8 ?- \ f- k/ ACapital budget set to expected cash flow; production guidance lowered! Q) B$ \" m$ Y7 F
RBC Capital Markets maintains "outperform", 12-month target price is $4.25& n; ?+ g. {. p( w: t8 O! a+ Q
) b0 n, J6 Z3 N; uCOGECO Inc. (CGO : TSX : $25.14). p @# r& C! L6 L I' m3 E
Strong radio and cable drives 39% EPS growth
$ @ E* X9 l( jScotia Capital Markets continues "sector perform", 12-month target price is $45.00
/ f' T5 i1 c1 G, m8 B" j, O
1 _+ P8 i8 j0 }0 g& kCanWest Global Communications (CGS : TSX : $0.51)* `5 b) k0 Y$ c; {! d$ z
Taking action to address tough operating environment
' G9 `! O/ d9 t0 BBMO Capital Markets maintains "underperform", no target price reported8 x; {9 X+ ?- @& d4 W I( J0 P. _
Credit Suisse maintains "neutral", 12-month target price is $1.00
' G* t% M6 L/ t5 zGMP Securities continues "reduce", 12-month target price is $0.50/ k1 l x* X) H5 D* E6 z
RBC Capital Markets continues "underperform", 12-month target price is $0.752 i! P, H- @& |( ]
Scotia Capital Markets continues "sector underperform", 12-month target price is $0.50- q) i8 J9 a+ p( B' r5 k2 N
- x* q+ E2 F; XCorus Entertainment (CJR.B : TSX : $12.47)
! L+ ^9 k6 G8 @; ?; jQ1 revenues in line, EPS beat# r. s/ T* V% q) T+ [4 |+ ^
BMO Capital Markets continues "market perform", 12-month target price is cut to $15.00 L7 b S- z: E7 t7 b4 @
Credit Suisse continues "outperform", 12-month target price is $20.00
4 u+ x8 s [$ a7 g+ Q$ z: T: DDesjardins Securities maintains "buy", 12-month target price is lowered to $15.00
: j( K/ ^. T! O# ]7 NGMP Securities maintains "buy", 12-month target price is reduced to $17.00
% N0 q. g! n4 W7 z& T2 R7 _RBC Capital Markets maintains "outperform", 12-month target price is raised to $18.509 r% ~" F5 d. Z M- H2 V- W
Scotia Capital Markets continues "sector outperform", 12-month target price is $18.00
/ Y( J& C, |' l1 c" K5 F# k, O5 j. m$ p8 h. X: g# U( ?/ O
Calloway REIT (CWT.UN : TSX : $11.84)+ s9 z; a8 S5 Q8 Q
Held investor day s1 A4 J% `( `
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.00- `8 W: f; m8 `0 E# O, J% p
0 W2 l/ j! W0 `2 Y2 z ?/ @# t) R
Daylight Resources Trust (DAY.UN : TSX : $7.77)
4 Z0 ^) \# I: a4 r7 wReduced distributions by 38%; guided for lower capex8 t t' g# a& X+ `9 d
BMO Capital Markets maintains "market perform", 12-month target price is lowered to $9.001 R0 r: G; s( w3 G
Dundee Capital Markets continues "buy", 12-month target price is $12.002 K5 A& K0 T, D; }% }$ e
TD Newcrest continues "hold", 12-month target price is $7.50
# {) u9 |# I. |
k+ d$ ~. w9 d% s9 v( IEXFO Electro-Optical Engin. (EXF : TSX : $3.65 | EXFO : NASDAQ : US$2.90)
! r/ j- m8 k+ @& r$ @3 fSteady market and currency tailwind v. D/ A- `- J% H }
TD Newcrest maintains "buy", 12-month target price is US$5.00( F0 Y* [1 e# H
) s) c+ \% s% K- X8 k. H9 N! CGoldcorp Inc. (G : TSX : $29.74): s8 v9 n P7 x8 P" `1 {5 w
Revised commodity forecasts
" F4 s5 u4 ]9 F0 M$ _& HBlackmont Capital maintains "buy", 12-month target price is reduced to $49.00
5 B# B8 [! G+ R/ A4 {$ ^
9 |9 B! ^0 z" {8 a9 NHeritage Oil (HOC : TSX : $3.77)
. z( F$ y0 ~! FAnnounced Ugandan commerciality on exploration success
$ e8 _5 t/ J& U) @TD Newcrest maintains "speculative buy", 12-month target price is raised to $5.508 u2 n. v8 o7 m! {) A
' Q; n% m$ I8 s) A- }
Harry Winston Diamond (HW : TSX : $4.98) b& \& k/ Y" d( m: @
Retail division suffers
4 |& k- k$ u4 ~. dDesjardins Securities maintains "buy", 12-month target price is $12.60
4 a; a/ z& f* F$ H- e O2 A# B' J& r' T2 f: h% L3 G
Laramide Resources (LAM : TSX : $1.84)
5 ^" i. Z- Q6 R) q& OWestmoreland provided more high grade at Redtree's Jack Lens+ ^* u/ b. r# }5 c3 Y
Dundee Capital Markets continues "buy", 12-month target price is $2.30* c a" `- }/ _
, {: D& i1 `, G3 DLockerbie & Hole (LH : TSX : $6.00), P% L) L+ C4 c9 M5 o5 v
Released Q3/09 results: very strong, focus should be on active backlog" B; O% Y7 W. D& E& B( f
GMP Securities continues "buy", 12-month target price is $9.00
! f: ]! g3 s K* m$ l: ~Raymond James maintains "market perform", 6-12 month target price is $8.253 z3 i! Y% d' }6 X- o1 A
/ \, b( |" P4 Z4 p4 A
Livingston Intl Income Fund (LIV.UN : TSX : $6.00)
3 a) M& j0 S# u1 e9 i. g+ Z h. R6 RReduced distributions by 70%9 @9 M' t2 Z7 M6 v, h Z' P' z$ S
RBC Capital Markets maintains "outperform", no target price reported
6 @ L1 a" G8 _* ?Scotia Capital Markets continues "sector underperform", 12-month target price is $6.50
& H# |$ F8 V$ x3 x, z. _4 o% E: q7 P/ q5 ~ N
Matrikon Inc. (MTK : TSX : $2.04)' Z0 L; ~& w- C
Released Q1/09 results: a little light, but still respectable
0 m' E! b. M FBMO Capital Markets continues "outperform", 12-month target price is lowered to $2.505 O2 j6 q) W1 N8 v2 X% B
Paradigm Capital maintains "buy", 12-month target price is $4.00
% s k, f+ U1 n# {5 r
, O" o( W2 e3 k% LMullen Group Income Fund (MTL.UN : TSX : $10.97)
& A3 A7 n9 x+ J. d8 X4 |! ]: J0 eExpecting lower CFPU on higher taxes) u8 i: ` m- f( O+ `6 X& n- \
BMO Capital Markets continues "outperform", 12-month target price is $18.00+ [: J ], k1 T9 A. _: ~
RBC Capital Markets continues "sector perform", 12-month target price is $12.00
; d+ U/ W" \1 d- l. ?6 ZTD Newcrest continues "buy", 12-month target price is $17.00
* a. ? n5 }3 I. |$ w! ]$ y& V' N6 ^
Northgate Minerals Corp. (NGX : TSX : $1.08 | NXG : AMEX : US$0.86)
! z6 L9 H5 c% Y L* U( bReleased Q4/08 results: Kemess winding down, Aussie ops improving, growth remains uncertain
3 J9 I. C' c0 X8 c( N% GBlackmont Capital continues "hold", 12-month target price is reduced to $1.254 ]- C/ i6 h+ E4 Y9 b6 i4 @, z- U( h
Credit Suisse maintains "neutral", 12-month target price is US$1.00
; ]1 A' c' K" A% K( i! d4 [# [Scotia Capital Markets continues "sector underperform", 12-month target price is US$0.80
2 b3 H# {6 u3 P
( ]5 I2 F4 |# Y6 ^% iNeptune Tech & Bioresources (NTB : TSX-V : $0.79)
: u( p# B F3 m$ B7 C% [Dietary supplement business facing headwinds* X b1 D/ J* m' I
Paradigm Capital maintains "buy", 12-month target price is reduced to $4.00
( K( I$ J* Y; S b/ ]" p1 Z3 \. V1 M; c0 {3 r$ a8 _
Open Range Energy (ONR : TSX : $1.18)
* {9 r( S5 [/ K2 h# m& q1 KProvided operational update and F09 guidance1 m; z4 j- N5 ]
Haywood Securities continues "sector outperform", 12-month target price is $3.250 Y' o; \3 a: u$ V- t& |
$ i9 e0 i" o1 M8 J7 S. l/ _
Osisko Mining (OSK : TSX : $3.13)3 O) O) k" ]) u8 c z
South Barnat resource around the corner
4 n# I4 u/ ^ DParadigm Capital continues "speculative buy", 12-month target price is $4.75
" \* F9 o8 c+ k6 o: ^5 K* l. ?% P3 Y$ x+ A, Y" U6 L% ? d) I
Pan American Silver (PAA : TSX : $17.39 | PAAS : NASDAQ : US$13.75)$ \! ^" a% v* C( `3 X
Provided operational update! s/ c, K- O: u8 |8 E. W) e% g
Blackmont Capital maintains "hold", 12-month target price is lowered to $19.000 Q: a @+ w" N4 J* f& }
TD Newcrest downgrades to "hold", 12-month target price is raised to US$17.50
7 f- N! U2 g+ |0 s0 h8 I: E6 h, X# q$ k, Q1 i8 I8 l$ Y& |
Paramount Resources (POU : TSX : $7.85); F( @8 W6 i; o% E6 L
Provided operational update: Grande Prairie emerging as the key focus for F095 e& h+ T+ D1 r; H9 m
GMP Securities maintains "buy", 12-month target price is $12.00
( o# l/ q! c8 {1 d1 y! B, }
; [. r0 Z2 C9 Y {Rockwell Diamonds (RDI : TSX : $0.07)7 D, d/ `1 s$ [4 f
Operations starting to turn the corner
6 L% O4 L0 J" ?RBC Capital Markets maintains "outperform", no target price reported7 x; s- H$ p9 C$ P8 N r
* s' I9 L8 H0 ~Shaw Communications (SJR.B : TSX : $20.13). ^" Z9 d" g+ `! i/ e
Released Q1/09 results: in line, subscribers ahead
, L" ] F- p0 {5 F$ PCredit Suisse maintains "neutral", 12-month target price is $25.50
+ S0 `; v' y4 \( O9 _GMP Securities continues "buy", 12-month target price is $26.50
; ?) O8 a+ y7 w$ M9 I
' {2 z7 r' N: V# v2 |Sun Life Financial Inc. (SLF : TSX : $25.95 | NYSE : US$20.48)3 g" x: o u. ?4 z* r) y
Held a sell-side lunch showcasing new U.S. team1 M) J5 u) E7 i
Scotia Capital Markets maintains "sector perform", 12-month target price is $33.00# G$ O' Q1 x' F# c) x4 @
3 H9 n' Y/ g1 @5 |4 ETrican Well Service (TCW : TSX : $6.93)
" A& r, p' ~1 u* i4 h sAwarded Russian contracts
/ P/ N1 i& s& p p; ?: aBlackmont Capital maintains "hold", 12-month target price is reduced to $8.75; O' @. ?2 a& o5 r
Raymond James maintains "market perform", 6-12 month target price is lowered to $9.006 _2 q h8 Y6 N7 f3 W
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
3 _3 K7 M- o' |, W1 R
: N9 O1 u' K7 dSino-Forest Corp. (TRE : TSX : $8.93)
0 Q. F! p9 H) p7 |Chinese furniture exports rose in November5 H/ F K/ S* _, e/ r/ Q) ~
Dundee Capital Markets maintains "buy", 12-month target price is $23.50
; |" H) w$ n3 l& M. {7 | r: G# W4 h/ N# l! q+ F8 l" i
UEX Corp. (UEX : TSX : $0.88)' f* P& K* x" I* N" n8 G3 V
Shea Creek's two largest deposits have become one- Z8 b" K% f: N" |( \. _6 [2 G2 o
Dundee Capital Markets maintains "buy", 12-month target price is $2.750 f6 i- M1 R. z N' V% D0 B
0 O! h; c! a: p+ X' y* E7 `Vero Energy (VRO : TSX : $4.72)
7 w3 s" L! x- x& Y' A# A0 V* e' dReleased Q4/08 results: horizontal focus to continue in F09
: c/ \; m" W# c- ~ i0 V# DDundee Capital Markets continues "buy", 12-month target price is $8.00
2 c, b( D5 L, R. ?GMP Securities continues "buy", 12-month target price is $7.50+ f( c* C Z& |2 @/ M
Paradigm Capital continues "buy", 12-month target price is $12.00
2 _- h( S7 d4 h o h) F. w- W' mRBC Capital Markets maintains "outperform", 12-month target price is $8.50
. P# E r/ X1 V! j$ J% Z5 \
2 G) D7 @' c$ e9 l- g$ SWi-Lan Inc (WIN : TSX : $1.75)
( R) p9 t2 o8 l7 r$ u6 p8 R: MHit homerun with Samsung% i7 T$ Q) |/ n( J' S8 I+ V5 C+ F8 c
Paradigm Capital continues "buy", 12-month target price is $3.50 |
|