| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Sierra Metals Inc | TSX | SMT | 1.70 | 4 | Upgrade to buy from market perform | Cliff Hale-Sanders | Cormark Securities Inc. | 2.50 | 47.1% |
| Golden Queen Mining Co Ltd | TSX | GQM | 1.74 | 5 | Upgrade to buy from hold | Derek Macpherson | M Partners Inc | 2.00 | 14.9% |
| PHX Energy Services Corp | TSX | PHX | 13.70 | 10 | Upgrade to outperform from market perform | Kevin Lo | FirstEnergy Capital Corp | 16.00 | 16.8% |
| Spyglass Resources Corp | TSX | SGL | 1.85 | 9 | Initiate with buy | Nav Malik | Octagon Capital Corporation | 2.50 | 35.1% |
| Xcite Energy Ltd | TSXV | XEL | 1.21 | 7 | Downgrade to reduce from hold | Shahin Amini | TD Securities | 1.15 | -5.0% |
Cormark Securities Inc. upgraded Sierra Metals Inc (TSX: SMT), a precious and base metals producer, to buy from market perform with a price target of C$2.50, indicating an upside of 47.1% from current levels.
Golden Queen Mining Co Ltd (TSX: GQM), a diversified mining company, was upgraded to buy from hold at M Partners Inc with a price target of C$2.00, indicating an upside of 14.9% from current levels.
FirstEnergy Capital Corp upgraded PHX Energy Services Corp (TSX: PHX), an oil and natural gas services company, to outperform from market perform raising its price target to C$16.00 from C$13.50, indicating an upside of 16.8% from current levels.
Octagon Capital Corporation initiated coverage on Spyglass Resources Corp (TSX: SGL), an intermediate-sized oil and gas producer, with a buy rating assigning a 12-month price target of C$2.50, indicating an upside of 35.1% from current levels.
TD Securities downgraded Xcite Energy Ltd (TSXV: XEL), an oil issuer and disclosures pertaining to oil activities, to reduce from hold lowering its price target to C$1.15 from the earlier target of C$2.75, indicating a downside of 5% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Finisar Corp | NASDAQ | FNSR | 26.09 | 16 | Upgrade to outperform from sector perform | Mark Sue | RBC Capital Markets | 30.00 | 15.0% |
| Builders FirstSource Inc | NASDAQ | BLDR | 8.04 | 6 | Upgrade to buy from hold | Rob Hansen | Deutsche Bank | 12.00 | 49.3% |
| Home Loan Servicing Solutions Ltd | NASDAQ | HLSS | 21.19 | 10 | Upgrade to overweight from neutral | Michael J Grondahl | Piper Jaffray | 25.50 | 20.3% |
| Atlas Energy LP | NYSE | ATLS | 42.62 | 5 | Initiate with buy | Valerie Zhang | Deutsche Bank | 53.00 | 24.4% |
| Ambac Financial Group Inc | NASDAQ | AMBC | 30.20 | 5 | Downgrade to sell from neutral | Harry Fong | MKM Partners | 21.00 | -30.5% |
RBC Capital Markets upgraded Finisar Corp (NASDAQ: FNSR), a provider of optical subsystems and components that are used in data communication and telecommunication applications, to outperform from sector perform increasing its price target to $30.00 from $26.00, indicating an upside of 15% from current levels.
Builders FirstSource Inc (NASDAQ: BLDR), a supplier and manufacturer of structural and related building products for residential new construction, was upgraded to buy from hold at Deutsche Bank with a price target of $12.00 from the earlier target of $5.00, indicating an upside of 49.3% from current levels.
Meanwhile, Deutsche Bank initiated coverage on Atlas Energy LP (NYSE: ATLS), an independent developer and producer of natural gas, crude oil and natural gas liquids (NGL), with a buy rating assigning a 12-month price target of $53.00, indicating an upside of 24.4% from current levels.
Piper Jaffray upgraded Home Loan Servicing Solutions Ltd (NASDAQ: HLSS), which engages residential mortgage loan servicers to service the pools of mortgage loans underlying the mortgage servicing right, to overweight from neutral with a price target of $25.50, indicating an upside of 20.3% from current levels.
MKM Partners downgraded Ambac Financial Group Inc (NASDAQ: AMBC), a provider of financial guarantee insurance and financial management services, to sell from neutral with a price target of $21.00, indicating a downside of 30.5% from current levels.
