The Trading Floor

[Arctec]

Ear on the Street

Barrick Gold Corp. (ABX : TSX : $34.85 | NYSE : US$29.51)
Barrick Gold valuation multiples contracting
RBC Capital Markets maintains "sector perform", target price cut to US$36.00

Alberta Clipper Energy (ACN : TSX : $4.92)
Leduc play finally has first D&A
GMP Securities maintains "focus buy", target price is $9.00

BCE Inc. (BCE : TSX : $29.72)
Telecom upgrade
Desjardins upgrades to buy, maintains target price at $34.50

Black Diamond Income Fund (BDI.UN : TSX : $7.85)
Future looks bright
Raymond James initiates coverage with "outperform", 6-12 month target price is $9.50

Bradmer Pharmaceuticals (BMR : TSX : $3.30)
Low priced opportunity
Blackmont Capital initiates coverage with a "speculative buy", target price is $7.00

Canadian National Railway (CNR : TSX : $52.76 | CNI : NYSE : US$44.68)
Dividend increased 29%
Blackmont maintains "buy", target price is $59.00
BMO rates "sector outperform", target price is $60.00
RBC Capital Markets rates ""sector outperform", target price is $63.00
TD Newcrest maintains "hold", target price at $58.00

Duvernay Oil Corp (DDV : TSX : $32.63)
Production forecasts
BMO maintains "market perform", target price is $38.75
Raymond James maintains "outperform", target price is $ 47.00

Cossette Communication Group (KOS : TSX : $12.00)
New accounts
BMO upgrades to "outperform", target price is $15.00

MEGA Brands (MB : TSX : $25.20)
Regional variability in toy sales
CIBC maintains "sector outperformer", target price is $32.00

Metro Inc. (MRU.A : TSX : $38.37)
Strong first quarter results
CIBC maintains "sector perform", target price is $39.00
Desjardins maintains "hold", target price is $41.00
RBC ranks "sector perform", target price is $40.00
TD Newcrest maintains "buy", target price at $43.00

New Millennium Capital Corp. (NML : TSX-V : $0.53)
LabMag Project moving forward
Raymond James maintains "strong buy", target price is $1.50

Allon Therapeutics (NPC : TSX : $1.41)
Poised for next level
Blackmont Capital initiates coverage with a speculative buy, target price is $2.50

Neurochem (NRM : TSX : $21.05)
New Street coverage
Blackmont Capital initiates coverage with a "hold", 12-month target price is $22.00

Oilexco Inc. (OIL : TSX : $7.30)
Ptarmigan field discovery confirmed
Haywood ranks "sector outperform". Target price is raised $14.00

Paramount Energy Trust (PMT.UN : TSX : $12.72)
Distribution cut expected
TD Newcrest maintains "hold", 12-month target price is $12.00

QuStream (QVC : TSX-V : $1.60)
CFO resigned
Blackmont Maintains "hold", target price is $2.00
GMP Securities maintains "buy", 12-month target price is $2.40

Shell Canada (SHC : TSX : $45.35)
Royal Dutch raises bid for Shell Canada
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $46.00

Silver Standard Resources (SSO : TSX : $38.46)
Drilling continues at San Luis
Blackmont Capital maintains "buy", 12-month target price is $45.00

sxr Uranium One (SXR : TSX : $15.56)
Higher uranium price forecast
BMO Capital Markets maintains "outperform", 12-month target price is raised to $20.00

Trilogy Energy Trust (TET.UN : TSX : $10.88)
Distribution cut by 38%
BMO Capital Markets maintains "market perform", 12-month target price is $11.00
RBC Capital Markets maintains "sector perform", 12-month target price is $11.75

Tundra Semiconductor (TUN : TSX : $9.51)
The development and availability of Interlaken Interconnect Protocol IP
Blackmont Capital maintains "hold", 12-month target price is $13.00

Zarlink Semiconductor (ZL : TSX : $2.47 | NYSE : US$2.10)
To report Q3 today
Raymond James maintains "outperform", 6-12 month target price is $3.00