A Canadian gold project developer and a U.S. bank holding company both received analyst upgrades, one of which has an implied upside of nearly 50%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Timmins Gold Corp | TSX | TMM | 1.08 | 176.9 | Upgrade to buy from market perform | Kyle McPhee | Cormark Securities Inc. | 2.00 | 85.2% |
| Exco Technologies Ltd | TSX | XTC | 10.33 | 435.4 | Upgrade to overweight from hold | Timothy Stanish | EVA Dimensions | NA | NA |
| PyroGenesis Canada Inc | TSXV | PYR | 0.29 | 22.9 | Initiate with speculative buy | Raveel Afzaal | Mackie Research Capital Corp. | 0.70 | 145.6% |
| Focus Graphite Inc | TSXV | FMS | 0.37 | 41.0 | Initiate with buy | David A Talbot | Dundee Securities Corp | 0.60 | 62.2% |
| Perpetual Energy Inc | TSX | PMT | 0.98 | 147.0 | Downgrade to market perform from outperform | Gordon Tait | BMO Capital Markets | 1.80 | 83.7% |
Timmins Gold Corp (TSX: TMM), engaged in the exploration, mine development and the mining & extraction of precious metals, primarily gold, was upgraded by Cormark Securities Inc. to buy from market perform with a price target of C$2.00, indicating an upside potential of 85.2% from current levels
EVA Dimensions upgraded Exco Technologies Ltd (TSX: XTC), engaged in producing precision-engineered tooling primarily for automotive and industrial markets, to overweight from hold. The rating company has not provided its target price for the company’s stock.
Mackie Research Capital Corp. initiated coverage on PyroGenesis Canada Inc (TSXV: PYR), engaged in designing, developing and manufacturing plasma waste-to-energy systems and plasma torch products, with a speculative buy rating assigning a 12-month price target of C$0.70, indicating an upside of 145.6% from current levels.
Coverage on Focus Graphite Inc (TSXV: FMS), engaged in the business of exploring mines, primarily graphite, was initiated with a buy rating at Dundee Securities Corp, assigning a 12-month price target of C$0.60, indicating an upside potential of 62.2% from current levels.
BMO Capital Markets downgraded Perpetual Energy Inc (TSX: PMT), engaged in the exploration and production of oil and natural gas, to market perform from outperform by reducing its price target to C$1.80 from C$2.30, indicating an upside of 83.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Tronox Ltd | NYSE | TROX | 22.11 | 2,537.9 | Upgrade to buy from neutral | Ian Corydon | B Riley & Co | 29.00 | 31.2% |
| Eclipse Resources Corp | NYSE | ECR | 5.43 | 869.0 | Upgrade to buy from neutral | Neal Dingmann | SunTrust Robinson Humphrey | 12.00 | 121.0% |
| Cirrus Logic Inc | NASDAQ | CRUS | 22.96 | 1,450.2 | Upgrade to overweight from underweight | Blayne Curtis | Barclays | 28.00 | 22.0% |
| Newfield Exploration Co | NYSE | NFX | 23.56 | 3,233.1 | Initiate with outperform | Robert Du Boff | Oppenheimer & Co | 35.00 | 48.6% |
| Riverbed Technology Inc | NASDAQ | RVBD | 20.31 | 3,150.3 | Downgrade to neutral from buy | William Choi | Janney Montgomery Scott LLC | 21.00 | 3.4% |
B Riley & Co upgraded Tronox Ltd (NYSE: TROX), engaged in the business of producing and marketing titanium dioxide, to buy from neutral by raising its price target to $29.00 from its earlier target of $25.00, indicating an upside of 31.2% from current levels.
Eclipse Resources Corp (NYSE: ECR), engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin, was upgraded by SunTrust Robinson Humphrey to buy from neutral with a price target of $12.00, indicating an upside potential of 121.0% from current levels.
Barclays upgraded Cirrus Logic Inc (NASDAQ: CRUS), engaged in developing analog and mixed-signal integrated circuits (IC) for a broad range of consumer and industrial markets, to overweight from underweight by raising its price target to $28.00 from $18.00, indicating an upside of 22.0% from current levels.
Oppenheimer & Co initiated coverage on Newfield Exploration Co (NYSE: NFX), engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids, with an outperform rating assigning a 12-month price target of $35.00, indicating an upside of 48.6% from current levels.
Riverbed Technology Inc (NASDAQ: RVBD), engaged in manufacturing and marketing appliances used to connect computers in wide area networks, was downgraded by Janney Montgomery Scott LLC to neutral from buy with a price target of $21.00, implying an upside potential of 3.4% from current levels.
