Ear on the Street
AGF Management (AGF.B : TSX : $24.90)
Acquires 80% of Highsteet Asset Management
CIBC World Markets maintains "sector perform", 12-month target price is $23.00
GMP Securities maintains "buy", 12-month target price is $30.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $30.00
TD Newcrest maintains "hold", 12-month target price is raised to $25.00
Alamos Gold Inc. (AGI : TSX : $9.71)
Q3 below expectations
Canaccord Adams maintains "hold", 12-month target price is raised to $10.30
CIBC World Markets maintains "sector perform", 12-month target price is $13.00
Dundee Securities downgrades to "neutral", 12-month target price is raised to $10.30
Haywood Securities maintains "sector outperform", 12-month target price is $12.00
ATS Automation Tooling Systems (ATA : TSX : $11.84)
Q2 misses
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $17.00
GMP Securities maintains "buy", 12-month target price is "under review"
Raymond James maintains "outperform", 6-12 month target price is $16.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $14.75
TD Newcrest maintains "action list buy", 12-month target price is cut to $15.50
Avenir Diversified Income Tr. (AVF.UN : TSX : $8.00)
Q3 impressive
Blackmont Capital maintains "buy", 12-month target price is $9.00
Advantage Energy Income Fund (AVN.UN : TSX : $12.74 | AAV : NYSE : US$11.06)
Q3 in line
CIBC World Markets maintains "sector underperform", 12-month target price is $11.00
Scotia Capital Markets maintains "sector underperform", 12-month target price is $11.50
A&W Revenue Royalties (AW.UN : TSX : $12.20)
Oversold
Canaccord Adams upgrades to "buy", 12-month target price is $13.20
Bear Ridge Resources (BER : TSX : $3.87)
Q3 in line
Canaccord Adams places both rating and target price "under review"
GMP Securities maintains "buy", 12-month target price is $8.00
Bema Gold (BGO : TSX : $6.00)
Q3 meets expectations
Blackmont Capital maintains "buy", 12-month target price is $7.75
Desjardins Securities maintains "hold", 12-month target price is $10.58
RBC Capital Markets maintains "outperform", 12-month target price is not given
Birch Mountain Resources (BMD : TSX-V : $4.25 | AMEX : US$3.69)
Weak Q3
TD Newcrest maintains "reduce", 12-month target price is cut to $3.25
Bonterra Energy Income Trust (BNE.UN : TSX : $28.12)
Q3 meets expectations
CIBC World Markets downgrades to "sector underperform", 12-month target price is cut to $30.00
Boston Pizza Royalties (BPF.UN : TSX : $14.00)
Upgrade on price weakness
Canaccord Adams upgrades to "buy", 12-month target price is $14.40
Connors Bros. Income Fund (CBF.UN : TSX : $9.48)
Q3 in line
Dundee Securities maintains "outperform", 12-month target price is raised to $1.43
Mahalo Energy (CBM : TSX : $2.34)
Solid Q3
GMP Securities maintains "buy", 12-month target price is $7.00
Crescent Point Energy Trust (CPG.UN : TSX : $16.60)
Q3 cash flow below estimates
Canaccord Adams maintains "buy", 12-month target price is $21.00
CIBC World Markets maintains "sector outperform", 12-month target price is $19.00
RBC Capital Markets maintains "outperform", 12-month target price is $16.00
TD Newcrest maintains "buy", 12-month target price is $17.00
Contrans Income Fund (CSS.UN : TSX : $10.90)
Q3 slightly beats expectations
Desjardins Securities maintains "hold", 12-month target price is $11.60
RBC Capital Markets maintains "sector perform", 12-month target price is $12.50
Canexus Income Fund (CUS.UN : TSX : $6.47)
Strong business fundamentals
Scotia Capital Markets maintains "sector outperform", 12-month target price is $7.50
Delphi Energy (DEE : TSX : $2.71)
Q3 impacted by shut-ins
GMP Securities maintains "buy", 12-month target price is $4.00
Haywood Securities maintains "sector outperform", 12-month target price is $5.50
Dundee Wealth Management (DW : TSX : $12.19)
Q3 EBITDA slightly misses
GMP Securities maintains "buy", 12-month target price is cut to $14.75
Frontera Copper (FCC : TSX : $4.40)
Q3 EPS slightly off the estimates
RBC Capital Markets maintains "outperform", 12-month target price is $7.00
First Capital Realty (FCR : TSX : $27.31)
Q3 FFO slightly below estimates
CIBC World Markets maintains "sector perform", 12-month target price is raised to $26.85
First Quantum Minerals (FM : TSX : $55.59)
Q3 slightly below expectations
Desjardins Securities maintains "hold", 12-month target price is $66.30
Finning International (FTT : TSX : $43.91)
Q3 well above consensus
Credit Suisse maintains "neutral", 12-month target price is $43.50
Desjardins Securities maintains "buy", 12-month target price is $50.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $49.50
TD Newcrest maintains "buy", 12-month target price is raised to $50.00
FUN Technologies (FUN : TSX : $4.50)
Q3 margins lower than expected
CIBC World Markets maintains "sector outperform", 12-month target price is cut to $7.00
Gabriel Resources (GBU : TSX : $4.99)
First gold pour delayed one quarter
RBC Capital Markets maintains "outperform", 12-month target price is $6.00
Grande Cache Coal (GCE : TSX : $0.91)
Q2 EPS lower than expected
Canaccord Adams maintains "sell", 12-month target price is cut to $0.65
CGI Group (GIB.A : TSX : $7.50 | GIB : NYSE : US$6.56)
Strong Q4 free cash flow
Raymond James maintains "market perform", 6-12 month target price is $8.50
Scotia Capital Markets maintains "sector outperform", 12-month target price is $10.00
Gentry Resources (GNY : TSX : $4.34)
Q3 production shortfall
Dundee Securities maintains "outperform", 12-month target price is cut to $6.50
Goldcorp Inc. (G : TSX : $31.58 | GG : NYSE : US$27.78)
Q3 results lower than expected
Blackmont Capital maintains "buy", 12-month target price is $37.00
Desjardins Securities maintains "buy", 12-month target price is $40.25
RBC Capital Markets maintains "outperform", 12-month target price is not given
TD Newcrest maintains "buy", 12-month target price is US$34.00
Accrete Energy Inc. (GZ : TSX : $6.60)
Solid Q3
GMP Securities maintains "buy", 12-month target price is $10.25
Haywood Securities maintains "sector outperform", 12-month target price is $11.00
Imaging Dynamics Company (IDL : TSX : $2.10)
A messy Q3
Canaccord Adams maintains "hold", 12-month target price is $2.50
Imperial Metals Corp. (III : TSX : $11.53)
A record Q3
Haywood Securities maintains "sector perform", 12-month target price is $14.50
Ivernia Inc. (IVW : TSX : $1.51)
Q3 shows improvement
Haywood Securities maintains "sector outperform", 12-month target price is $1.75
The Keg Royalties Income Fd (KEG.UN : TSX : $11.48)
Upgrade on price weakness
Canaccord Adams upgrades to "hold", 12-month target price is $11.45
Canadian Hydro Developers (KHD : TSX : $5.76)
Q3 below expectations
Canaccord Adams maintains "buy", 12-month target price is $6.34
GMP Securities maintains "buy", 12-month target price is $6.60
RBC Capital Markets maintains "outperform", 12-month target price is $6.50
Leon's Furniture (LNF : TSX : $48.75)
Strong Q3
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $52.00
Magellan Aerospace (MAL : TSX : $2.66)
Still struggling
RBC Capital Markets maintains "sector perform", 12-month target price is $3.40
Scotia Capital Markets maintains "underperform", 12-month target price is $2.50
Moto Goldmines (MGL : TSX : $6.75)
A simplified JV structure
RBC Capital Markets maintains "outperform", 12-month target price is $8.50
Medisys Health Group (MHG.UN : TSX : $8.53)
Still a work in progress
Blackmont Capital maintains "hold", 12-month target price is cut to $8.00
180 Connect Inc. (NCT.U : TSX : US$1.30)
Q3 beats expectations
GMP Securities upgrades to "buy", 12-month target price is raised to US$1.65
Haywood Securities maintains "sector perform", 12-month target price is US$2.00
Niko Resources (NKO : TSX : $76.37)
MB-1 disappoints
Canaccord Adams maintains "buy", 12-month target price is $90.00
Northern Orion Resources (NNO : TSX : $4.59)
Q3 in line
GMP Securities maintains "buy", 12-month target price is $7.50
Northern Property REIT (NPR.UN : TSX : $24.49)
Solid Q3
Blackmont Capital maintains "buy", 12-month target price is raised to $26.50
Canaccord Adams maintains "buy", 12-month target price is raised to $28.00
CIBC World Markets maintains "sector perform", 12-month target price is raised to $26.10
Scotia Capital Markets maintains "sector outperform", 12-month target price is $25.10
Nevsun Resources (NSU : TSX : $3.09)
Q3 misses
Blackmont Capital maintains "buy", 12-month target price is cut to $4.00
Novelis (NVL : TSX : $28.35 | NYSE : US$24.94)
Q3 meets expectations
Desjardins Securities maintains "hold", 12-month target price is US$20.50
Open Text (OTC : TSX : $22.61 | OTEX : NASDAQ : US$19.87)
Three short-term factors create overhang
Canaccord Adams maintains "hold", 12-month target price is US$20.00
RBC Capital Markets maintains "outperform", 12-month target price is US$23.00
Petrobank Energy and Resources (PBG : TSX : $16.80)
Slight miss in Q3
TD Newcrest maintains "buy", 12-month target price is raised to $21.00
Penn West Energy Trust (PWT.UN : TSX : $33.64 | PWE : NYSE : US$29.53)
Q3 in line
RBC Capital Markets maintains "sector perform", 12-month target price is cut to $32.75
Scotia Capital Markets maintains "sector perform", 12-month target price is $35.00
TD Newcrest maintains "action list buy", 12-month target price is cut to $36.00
QuStream (QVC : TSX-V : $1.65)
Q3 as preannounced
Blackmont Capital maintains "buy", 12-month target price is $2.60
GMP Securities maintains "buy", 12-month target price is $3.00
Shore Gold Inc (SGF : TSX : $5.20)
Star project advances
RBC Capital Markets maintains "outperform", 12-month target price is $8.25
Semafo Inc. (SMF : TSX : $1.78)
Q3 disappoints
Blackmont Capital maintains "buy", 12-month target price is cut to $2.40
Sterling Shoes Income Fund (SSI.UN : TSX : $13.60)
Raises distribution by 14%
TD Newcrest maintains "buy", 12-month target price is raised to $15.00
Suncor Energy (SU : TSX : $88.60 | NYSE : US$77.85)
2007 capital spending outlook of $5.3 billion
Scotia Capital Markets maintains "sector outperform", 12-month target price is $119.00
Savanna Energy Services (SVY : TSX : $17.10)
Reduced industry activity expected for 2007
Dundee Securities maintains "outperform", 12-month target price is cut to $25.00
Sylogist Ltd. (SYZ : TSX-V : $1.70)
Significant delays in completing the Munishare template agreements
Canaccord Adams maintains "buy", 12-month target price is cut to $3.30
Trilogy Energy Trust (TET.UN : TSX : $11.48)
Lowers 2007 Capex
TD Newcrest maintains "hold", 12-month target price is cut to $12.50
Teranet Income Fund (TF.UN : TSX : $8.99)
Q3 beats expectations
CIBC World Markets upgrades to "sector outperform", 12-month target price is raised to $9.75
Desjardins Securities maintains "buy", 12-month target price is $11.00
RBC Capital Markets maintains "outperform", 12-month target price is not given
Scotia Capital Markets maintains "sector perform", 12-month target price is $9.50
Trafalgar Energy (TFL : TSX : $4.05)
Q3 reported: a non-event
Canaccord Adams maintains "buy", 12-month target price is not given
TerraVest Income Fund (TI.UN : TSX : $6.61)
Clarke Inc. took 1.9 million units
Scotia Capital Markets maintains "sector underperform", 12-month target price is $5.00
Tree Island Wire Income Fund (TIL.UN : TSX : $7.11)
Q3 in line
Scotia Capital Markets maintains "underperform", 12-month target price is $7.00
Talisman Energy (TLM : TSX : $18.31 | NYSE : US$16.06)
A rich array of upstream investment opportunities
Desjardins Securities maintains "top pick", 12-month target price is $25.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $26.00
TriStar Oil & Gas (TOG : TSX : $6.01)
Strong Q3
Haywood Securities maintains "sector outperform", 12-month target price is $9.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $8.25
TD Newcrest maintains "buy", 12-month target price is cut to $8.00
Canada Cartage Diversified (TRK.UN : TSX : $8.25)
In-line Q3
CIBC World Markets maintains "sector outperform", 12-month target price is $10.25
VCom Inc. (VCM : TSX : $9.80)
Weak Q1
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $15.50
Raymond James maintains "outperform", 6-12 month target price is $12.50
Vault Energy Trust (VNG.UN : TSX : $5.37)
26% distribution cut
Canaccord Adams maintains "buy", 12-month target price is $7.00
CIBC World Markets maintains "sector perform", 12-month target price is $5.50
Scotia Capital Markets maintains "sector perform", 12-month target price is $5.00
VOXCOM Income Fund (VOX.UN : TSX : $9.00)
Another solid quarter
RBC Capital Markets maintains "outperform", 12-month target price is $9.50
Westfield REIT (WFD.UN : TSX : $15.00)
Q3 well above consensus
Canaccord Adams maintains "buy", 12-month target price is raised to $17.50
Desjardins Securities maintains "buy", 12-month target price is $16.85
Whiterock REIT (WRK.UN : TSX : $12.25)
Acquired about $60 million of properties in each quarter
Blackmont Capital maintains "buy", 12-month target price is raised to $15.50
Desjardins Securities maintains "buy", 12-month target price is $14.50
Zargon Energy Trust (ZAR.UN : TSX : $26.00)
Q3 disappoints
CIBC World Markets maintains "sector perform", 12-month target price is $32.00
TD Newcrest maintains "hold", 12-month target price is cut to $29.00
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