| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Sabina Gold & Silver Corp | TSX | SBB | 0.75 | 5 | Upgrade to speculative buy from hold | Don Maclean | Paradigm Capital Inc | 1.50 | 100.0% |
| Total Energy Services Inc | TSX | TOT | 21.55 | 11 | Upgrade to sector outperform from sector perform | Jon Morrison | CIBC World Markets | 25.50 | 18.3% |
| Agnico Eagle Mines Ltd | TSX | AEM | 31.44 | 24 | Upgrade to outperform from sector perform | Stephen D Walker | RBC Capital Markets | 47.43 | 50.9% |
| Canfor Pulp Products Inc | TSX | CFX | 11.50 | 8 | Initiate with buy | Stephen Atkinson | Dundee Securities Corp | 14.00 | 21.7% |
| Pacific Rubiales Energy Corp | TSX | PRE | 20.19 | 36 | Downgrade to neutral from overweight | Caio M Carvalhal | JPMorgan | 23.00 | 13.9% |
Paradigm Capital Inc upgraded Sabina Gold & Silver Corp (TSX: SBB), a precious metals company focused on the acquisition, exploration and development of mineral resource properties, to speculative buy from hold with a price target of C$1.50, indicating an upside of 100% from current levels. Recently, SBB improved its metallurgical recoveries from its Back River gold project in Nunavut to nearly 94% from 88% demonstrating the high quality nature of the project.
Total Energy Services Inc (TSX: TOT), an energy service company engaged in providing contract drilling services, rental and transportation of equipment, was upgraded to sector outperform from sector perform at CIBC World Markets raising its price target to C$25.50 from C$23.50, indicating an upside of 18.3% from current levels. TOT is scheduled to report its Q1’14 results on May 12, 2014 at 2.30 pm (MDT).
RBC Capital Markets upgraded Agnico Eagle Mines Ltd (TSX: AEM), a Canada-based international gold producer, to outperform from sector perform increasing its price target of C$47.43, indicating an upside of 50.9% from current levels. The rating firm notes that AEM’s combined bid with Yamana Gold Inc. to buy Osisko for a total consideration of almost C$3.9 billion or C$8.15 per share seems positive and accretive to EPS and cash flow/share of AEM.
Dundee Securities Corp initiated coverage on Canfor Pulp Products Inc (TSX: CFX), engaged in investing in pulp and paper producing assets, with a buy rating assigning a 12-month price target of C$14.00, indicating an upside of 21.7% from current levels.
JPMorgan downgraded Pacific Rubiales Energy Corp (TSX: PRE), a producer and seller of natural gas and heavy crude oil, to neutral from overweight lowering its price target to C$23.00 from C$24.00, indicating an upside of 13.9% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| AO Smith Corp | NYSE | AOS | 47.27 | 13 | Upgrade to outperform from market perform | Charles D Brady | BMO Capital Markets | 57.00 | 20.6% |
| NuStar Energy LP | NYSE | NS | 56.95 | 14 | Upgrade to buy from hold | Selman Akyol | Stifel | 62.00 | 8.9% |
| SunPower Corp | NASDAQ | SPWR | 31.48 | 19 | Upgrade to buy from hold | Vishal Shah | Deutsche Bank | 38.00 | 20.7% |
| First Cash Financial Services Inc | NASDAQ | FCFS | 49.05 | 14 | Initiate with overweight | Francisco J Chevez | HSBC | 60.00 | 22.3% |
| Susser Holdings Corp | NYSE | SUSS | 59.54 | 14 | Downgrade to neutral from outperform | Dane Leone | Macquarie | 65.00 | 9.2% |
BMO Capital Markets upgraded AO Smith Corp (NYSE: AOS), a manufacturer of water heating equipment, serving a diverse mix of residential and commercial end markets, to outperform from market perform increasing its price target to $57.00 from $55.00, indicating an upside of 20.6% from current levels. Recently, AOS reported a 20% jump in Q1’14 profits and raised its earnings outlook for full year because of strong sales in China and strong growth in demand for water heaters in the U.S. Net sales increased 8% to $552.2 million over the previous year quarter.
NuStar Energy LP (NYSE: NS), engaged in the terminalling, storage and transportation of petroleum products, was upgraded to buy from hold at Stifel with a price target of $62.00, indicating an upside of 8.9% from current levels. Recently, NS reported that its Q1’14 net profits increased 62% to $39.6 million or 36 cents per share, aided by lower costs. The company also declared a quarterly dividend of $1.1 per share payable on May 12, 2014, to holders of record as of May 7, 2014
Deutsche Bank upgraded SunPower Corp (NASDAQ: SPWR), an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies, to buy from hold raising its price target to $38.00 from $33.00, indicating an upside of 20.7% from current levels. Analyst Vishal Shah believes that SPWR will benefit from the accelerating growth in American market and in the strong Japanese market as well, while its business is less dependent on Chinese solar power projects.
HSBC initiated coverage on First Cash Financial Services Inc (NASDAQ: FCFS), an operator of retail-based pawn and consumer finance stores in the United States and Mexico, with an overweight rating assigning a 12-month price target of $60.00, indicating an upside of 22.3% from current levels.
Macquarie downgraded Susser Holdings Corp (NYSE: SUSS), an operator of convenience stores in Texas, New Mexico and Oklahoma, and a fuel distributor in Texas, to neutral from outperform lowering its price target to $65.00 from $75.00, indicating an upside of 9.2% from current levels.
