Thursday, June 01, 2006 7:07:03 AM
Ear on the Street
Alliance Atlantis Commun. (AAC.B : TSX : $33.75)
CSI continues strong performance
Scotia Capital Markets maintains "sector outperform", 1-year target price of $42.00
Agnico-Eagle Mines (AEM : TSX : $36.89 | NYSE : US$33.53)
Target increase
RBC Capital Markets reiterates "sector perform", 12-month target price increased to US$46.00 from US$39.00
Arctic Glacier Income Fund (AG.UN : TSX : $11.20)
First tranche of acquisition closed
National Bank Financial reiterates "outperform", target price increased to $15.50 from $13.00
Alcan Inc. (AL : TSX : $56.10 | NYSE : US$51.20)
Target increase
RBC Capital Markets maintains "outperform", 1-year target price increased to US$70.00
Angiotech Pharmaceuticals (ANP : TSX : $15.36 | ANPI : NASDAQ : US$13.98)
Company update
Scotia Capital Markets reiterates "sector outperform", 1-year target price of US$20.00
Abitibi-Consolidated (A : TSX : $3.92 | ABY : NYSE : US$3.56)
Recent decline in stock price due to high wood cost
BMO Nesbitt Burns upgrades to "market perform", 12-month target price is reduced to $4.30 from $5.00
Avenir Diversified Income Tr. (AVF.UN : TSX : $8.94)
New Street coverage
Blackmont Capital initiates coverage with "buy", 12-month target price is $11.00
Axmin Inc (AXM : TSX-V : $0.95)
Site visit
Haywood Securities maintains "sector outperform", 12-month target price is $1.75
Bank of Nova Scotia (BNS : TSX : $44.20 | NYSE : US$40.21)
Q2/06 results better than expected
BMO Nesbitt Burns upgrades to "outperform", 12-month target price is increased to $51.00 from $50.00
Desjardins Securities continues "top pick", target remains $53.50
RBC Capital Markets continues "sector perform", target price reduced to $49.00
Scotia Capital Markets maintains "sector perform", 1-year target price of $53.00
TD Newcrest maintains "hold", 12-month target price is $49.00
Cameco Corp. (CCO : TSX : $44.60 | CCJ : NYSE : US$40.51)
Cameco plans to sell interest in Centerra
RBC Capital Markets continues "outperform", target price is $53.00
Centerra Gold Inc. (CG : TSX : $13.01)
3-for-1 split complete
National Bank Financial maintains "sector perform", target price is adjusted to $15.00
Scotia Capital Markets maintains "sector outperform", 1-year target price is $18.50
Certicom Corp. (CIC : TSX : $6.25)
Q4/06 results to be released June 8
TD Newcrest upgrades to "buy", 12-month target price is $9.00
Clean Power Income Fund (CLE.UN : TSX : $5.74)
Wholly owned subsidiary makes $90 million sale
BMO Nesbitt Burns continues "underperform", 12-month target price is $5.25
Canadian Oil Sands Trust (COS.UN : TSX : $34.40)
Stage three expansion to be delayed
National Bank Financial maintains "underperform", target price is $29.00
Cognos Inc. (E) (CSN : TSX : $33.83 | COGN : NASDAQ : US$30.88)
Filling of financials delayed due to SEC review
CIBC World Markets continues "sector outperform", 12-month target price is US$44.00
Catalyst Paper (CTL : TSX : $2.86)
New board member appointed
BMO Nesbitt Burns upgrades to "outperform", 12-month target price is $3.25
Caribbean Utils Ltd (CUP.U : TSX : US$11.75)
Q4/06 slightly below expectations
National Bank Financial continues "outperform", target price remains US$14.00
First Quantum Minerals (FM : TSX : $52.75)
Resumed coverage
RBC Capital Markets resumes coverage with "outperform", target price is $75.00
Gammon Lake Resources (GAM : TSX : $14.27 | GRS : AMEX : US$13.00)
To purchase Mexgold Resources
Canaccord Adam upgrades to "buy", 12-month target price is reduced to $19.40
Grande Cache Coal (GCE : TSX : $1.69)
Q4 loss worse than expected
BMO Nesbitt Burns downgrades to "market perform", 12-month target price is reduced to $2.30
Canaccord Adam downgrades to "hold", 12-month target price is reduced to $2.00
GMP Securities maintains "hold", 12-month target price is $1.85
Global Alumina (GLA.U : TSX : US$1.50)
Continues to experience delays in the feasibility study and cost estimates
RBC Capital Markets downgrades to "underperform", 12-month target price is reduced to US$1.85
Groupe Laperriere & Verreault (GLV.A : TSX : $27.89)
Strong Q4
Blackmont Capital maintains "buy", 12-month target price is $33.00
BMO Nesbitt Burns maintains "outperform", 12-month target price is raised to $31.00
Desjardins Securities maintains "buy", 12-month target price is $31.50
Raymond James maintains "outperform", 6-12 month target price is raised to $32.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $30.00
Galleon Energy (GO.A : TSX : $30.41)
Drilling success contributes to strong Q2 production growth
GMP Securities maintains "buy", 12-month target price is $47.00
Goldcorp Inc. (G : TSX : $34.13 | GG : NYSE : US$31.13)
High multiples
CIBC World Markets maintains "sector perform", 12-month target price is reduced to US$46.00
Highpine Oil & Gas (HPX : TSX : $19.41)
Buying given increasing Pembina drilling activities
GMP Securities maintains "buy", 12-month target price is $31.00
Hummingbird Ltd. (HUM : TSX : $30.40 | HUMC : NASDAQ : US$27.78)
Acquired by Symphony Technology Group
Scotia Capital Markets maintains "sector underperform", 12-month target price is $26.75
Kangaroo Media Inc. (KTV : TSX : $7.96)
Institutional day
Desjardins Securities maintains "buy", 12-month target price is $10.00
Labrador Iron Ore Royalty (LIF.UN : TSX : $26.60)
Brokerage forecasts higher concentrate price but lower pellet price
RBC Capital Markets maintains "underperform", 12-month target price is $25.00
Lanesborough REIT (LRT.UN : TSX-V : $6.10)
Q1 in line
National Bank Financial maintains "sector perform", 12-month target price is reduced to $6.00
March Networks (MN : TSX : $23.60)
To report Q4 on June 7
Canaccord Adam maintains "buy", 12-month target price is $36.00
North Atlantic Resources (NAC : TSX : $3.80)
Drilling results from FT project indicates widespread gold mineralization
Blackmont Capital maintains "buy", 12-month target price is $5.00
Newmont Mining (NMC : TSX : $57.66 | NEM : NYSE : US$52.50)
Share price pullback provides buying opportunity
RBC Capital Markets maintains "outperform", 12-month target price is $76.00
Nevsun Resources (NSU : TSX : $3.67 | AMEX : US$3.33)
Site visit to Bisha project
Haywood Securities maintains "sector outperform", 12-month target price is $5.00
Inco Ltd. (N : TSX : $71.20 | NYSE : US$64.84)
A tentative agreement with the union
Blackmont Capital maintains "hold", 12-month target price is US$70.00
Patheon Inc. (PTI : TSX : $6.96)
Q2 to be reported on June 2
Desjardins Securities maintains "hold", 12-month target price is $6.50
Dundee Securities maintains "neutral", 12-month target price is $7.00
ProEx Energy Ltd. (PXE : TSX : $14.50)
Increases 2006 exit rate by 1,000 boe/d
GMP Securities maintains "buy", 12-month target price is $21.00
Haywood Securities maintains "sector outperform", 12-month target price is $20.00
Raymond James maintains "strong buy", 6-12 month target price is $25.00
Quadra Mining Ltd. (QUA : TSX : $10.11)
Uncertainty concerning metallurgical recoveries at the Robinson mine
RBC Capital Markets downgrades to "sector perform", 12-month target price is $12.00
Royal Bank of Canada (RY : TSX : $45.89 | NYSE : US$41.82)
A solid Q2
National Bank Financial maintains "sector perform", 12-month target price is $49.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $58.00
Shoppers Drug Mart (SC : TSX : $42.01)
The impact of Bill 102
CIBC World Markets maintains "sector outperform", 12-month target price is $50.00
Dundee Securities maintains "underperform", 12-month target price is $39.00
SNC-Lavalin Group (SNC : TSX : $29.74)
Fully priced
Dundee Securities downgrades to "underperform", 12-month target price is $31.00
Sierra Wireless (SW : TSX : $19.28 | SWIR : NASDAQ : US$17.57)
Expanding opportunities
Dundee Securities maintains "outperform", 12-month target price is raised to US$24.00
Synenco Energy (SYN : TSX : $23.55)
New Street coverage
Raymond James initiates coverage with a "outperform", 6-12 month target price is $35.00
Sylogist Ltd. (SYZ : TSX-V : $1.90)
Q2 in line
Canaccord Adam maintains "buy", 12-month target price is $4.25
Teck Cominco Ltd. (TEK.SV.B : TSX : $71.09)
China remains a net zinc importer
Desjardins Securities maintains "top pick", 12-month target price is $95.50
Talisman Energy (TLM : TSX : $20.16 | NYSE : US$54.81)
North Sea asset disposition
Scotia Capital Markets maintains "sector outperform", 12-month target price is $27.83
Alliance Atlantis Commun. (AAC.B : TSX : $33.75)
CSI continues strong performance
Scotia Capital Markets maintains "sector outperform", 1-year target price of $42.00
Agnico-Eagle Mines (AEM : TSX : $36.89 | NYSE : US$33.53)
Target increase
RBC Capital Markets reiterates "sector perform", 12-month target price increased to US$46.00 from US$39.00
Arctic Glacier Income Fund (AG.UN : TSX : $11.20)
First tranche of acquisition closed
National Bank Financial reiterates "outperform", target price increased to $15.50 from $13.00
Alcan Inc. (AL : TSX : $56.10 | NYSE : US$51.20)
Target increase
RBC Capital Markets maintains "outperform", 1-year target price increased to US$70.00
Angiotech Pharmaceuticals (ANP : TSX : $15.36 | ANPI : NASDAQ : US$13.98)
Company update
Scotia Capital Markets reiterates "sector outperform", 1-year target price of US$20.00
Abitibi-Consolidated (A : TSX : $3.92 | ABY : NYSE : US$3.56)
Recent decline in stock price due to high wood cost
BMO Nesbitt Burns upgrades to "market perform", 12-month target price is reduced to $4.30 from $5.00
Avenir Diversified Income Tr. (AVF.UN : TSX : $8.94)
New Street coverage
Blackmont Capital initiates coverage with "buy", 12-month target price is $11.00
Axmin Inc (AXM : TSX-V : $0.95)
Site visit
Haywood Securities maintains "sector outperform", 12-month target price is $1.75
Bank of Nova Scotia (BNS : TSX : $44.20 | NYSE : US$40.21)
Q2/06 results better than expected
BMO Nesbitt Burns upgrades to "outperform", 12-month target price is increased to $51.00 from $50.00
Desjardins Securities continues "top pick", target remains $53.50
RBC Capital Markets continues "sector perform", target price reduced to $49.00
Scotia Capital Markets maintains "sector perform", 1-year target price of $53.00
TD Newcrest maintains "hold", 12-month target price is $49.00
Cameco Corp. (CCO : TSX : $44.60 | CCJ : NYSE : US$40.51)
Cameco plans to sell interest in Centerra
RBC Capital Markets continues "outperform", target price is $53.00
Centerra Gold Inc. (CG : TSX : $13.01)
3-for-1 split complete
National Bank Financial maintains "sector perform", target price is adjusted to $15.00
Scotia Capital Markets maintains "sector outperform", 1-year target price is $18.50
Certicom Corp. (CIC : TSX : $6.25)
Q4/06 results to be released June 8
TD Newcrest upgrades to "buy", 12-month target price is $9.00
Clean Power Income Fund (CLE.UN : TSX : $5.74)
Wholly owned subsidiary makes $90 million sale
BMO Nesbitt Burns continues "underperform", 12-month target price is $5.25
Canadian Oil Sands Trust (COS.UN : TSX : $34.40)
Stage three expansion to be delayed
National Bank Financial maintains "underperform", target price is $29.00
Cognos Inc. (E) (CSN : TSX : $33.83 | COGN : NASDAQ : US$30.88)
Filling of financials delayed due to SEC review
CIBC World Markets continues "sector outperform", 12-month target price is US$44.00
Catalyst Paper (CTL : TSX : $2.86)
New board member appointed
BMO Nesbitt Burns upgrades to "outperform", 12-month target price is $3.25
Caribbean Utils Ltd (CUP.U : TSX : US$11.75)
Q4/06 slightly below expectations
National Bank Financial continues "outperform", target price remains US$14.00
First Quantum Minerals (FM : TSX : $52.75)
Resumed coverage
RBC Capital Markets resumes coverage with "outperform", target price is $75.00
Gammon Lake Resources (GAM : TSX : $14.27 | GRS : AMEX : US$13.00)
To purchase Mexgold Resources
Canaccord Adam upgrades to "buy", 12-month target price is reduced to $19.40
Grande Cache Coal (GCE : TSX : $1.69)
Q4 loss worse than expected
BMO Nesbitt Burns downgrades to "market perform", 12-month target price is reduced to $2.30
Canaccord Adam downgrades to "hold", 12-month target price is reduced to $2.00
GMP Securities maintains "hold", 12-month target price is $1.85
Global Alumina (GLA.U : TSX : US$1.50)
Continues to experience delays in the feasibility study and cost estimates
RBC Capital Markets downgrades to "underperform", 12-month target price is reduced to US$1.85
Groupe Laperriere & Verreault (GLV.A : TSX : $27.89)
Strong Q4
Blackmont Capital maintains "buy", 12-month target price is $33.00
BMO Nesbitt Burns maintains "outperform", 12-month target price is raised to $31.00
Desjardins Securities maintains "buy", 12-month target price is $31.50
Raymond James maintains "outperform", 6-12 month target price is raised to $32.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $30.00
Galleon Energy (GO.A : TSX : $30.41)
Drilling success contributes to strong Q2 production growth
GMP Securities maintains "buy", 12-month target price is $47.00
Goldcorp Inc. (G : TSX : $34.13 | GG : NYSE : US$31.13)
High multiples
CIBC World Markets maintains "sector perform", 12-month target price is reduced to US$46.00
Highpine Oil & Gas (HPX : TSX : $19.41)
Buying given increasing Pembina drilling activities
GMP Securities maintains "buy", 12-month target price is $31.00
Hummingbird Ltd. (HUM : TSX : $30.40 | HUMC : NASDAQ : US$27.78)
Acquired by Symphony Technology Group
Scotia Capital Markets maintains "sector underperform", 12-month target price is $26.75
Kangaroo Media Inc. (KTV : TSX : $7.96)
Institutional day
Desjardins Securities maintains "buy", 12-month target price is $10.00
Labrador Iron Ore Royalty (LIF.UN : TSX : $26.60)
Brokerage forecasts higher concentrate price but lower pellet price
RBC Capital Markets maintains "underperform", 12-month target price is $25.00
Lanesborough REIT (LRT.UN : TSX-V : $6.10)
Q1 in line
National Bank Financial maintains "sector perform", 12-month target price is reduced to $6.00
March Networks (MN : TSX : $23.60)
To report Q4 on June 7
Canaccord Adam maintains "buy", 12-month target price is $36.00
North Atlantic Resources (NAC : TSX : $3.80)
Drilling results from FT project indicates widespread gold mineralization
Blackmont Capital maintains "buy", 12-month target price is $5.00
Newmont Mining (NMC : TSX : $57.66 | NEM : NYSE : US$52.50)
Share price pullback provides buying opportunity
RBC Capital Markets maintains "outperform", 12-month target price is $76.00
Nevsun Resources (NSU : TSX : $3.67 | AMEX : US$3.33)
Site visit to Bisha project
Haywood Securities maintains "sector outperform", 12-month target price is $5.00
Inco Ltd. (N : TSX : $71.20 | NYSE : US$64.84)
A tentative agreement with the union
Blackmont Capital maintains "hold", 12-month target price is US$70.00
Patheon Inc. (PTI : TSX : $6.96)
Q2 to be reported on June 2
Desjardins Securities maintains "hold", 12-month target price is $6.50
Dundee Securities maintains "neutral", 12-month target price is $7.00
ProEx Energy Ltd. (PXE : TSX : $14.50)
Increases 2006 exit rate by 1,000 boe/d
GMP Securities maintains "buy", 12-month target price is $21.00
Haywood Securities maintains "sector outperform", 12-month target price is $20.00
Raymond James maintains "strong buy", 6-12 month target price is $25.00
Quadra Mining Ltd. (QUA : TSX : $10.11)
Uncertainty concerning metallurgical recoveries at the Robinson mine
RBC Capital Markets downgrades to "sector perform", 12-month target price is $12.00
Royal Bank of Canada (RY : TSX : $45.89 | NYSE : US$41.82)
A solid Q2
National Bank Financial maintains "sector perform", 12-month target price is $49.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $58.00
Shoppers Drug Mart (SC : TSX : $42.01)
The impact of Bill 102
CIBC World Markets maintains "sector outperform", 12-month target price is $50.00
Dundee Securities maintains "underperform", 12-month target price is $39.00
SNC-Lavalin Group (SNC : TSX : $29.74)
Fully priced
Dundee Securities downgrades to "underperform", 12-month target price is $31.00
Sierra Wireless (SW : TSX : $19.28 | SWIR : NASDAQ : US$17.57)
Expanding opportunities
Dundee Securities maintains "outperform", 12-month target price is raised to US$24.00
Synenco Energy (SYN : TSX : $23.55)
New Street coverage
Raymond James initiates coverage with a "outperform", 6-12 month target price is $35.00
Sylogist Ltd. (SYZ : TSX-V : $1.90)
Q2 in line
Canaccord Adam maintains "buy", 12-month target price is $4.25
Teck Cominco Ltd. (TEK.SV.B : TSX : $71.09)
China remains a net zinc importer
Desjardins Securities maintains "top pick", 12-month target price is $95.50
Talisman Energy (TLM : TSX : $20.16 | NYSE : US$54.81)
North Sea asset disposition
Scotia Capital Markets maintains "sector outperform", 12-month target price is $27.83
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
