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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Copper Mountain Mining Corp | TSX | CUM | 2.75 | 319.9 | Upgrade to outperform from sector perform | Stephen Parsons | National Bank Financial | 3.10 | 12.7% |
| Thompson Creek Metals Co Inc | TSX | TCM | 2.98 | 637.4 | Upgrade to buy from neutral | David Charles | Dundee Securities Corp | 4.00 | 34.2% |
| Essential Energy Services Ltd | TSX | ESN | 2.46 | 309.5 | Upgrade to buy from hold | John Bereznicki | Canaccord Genuity Corp | 3.25 | 32.1% |
| Integra Gold Corp | TSXV | ICG | 0.22 | 40.8 | Initiate with speculative buy | Don Maclean | Paradigm Capital Inc | 0.60 | 172.7% |
| Lightstream Resources Ltd | TSX | LTS | 6.30 | 1,260.9 | Downgrade to underperform from market perform | Jim Byrne | BMO Capital Markets | 6.00 | -4.8% |
National Bank Financial upgraded Copper Mountain Mining Corp (TSX: CUM), engaged in the business of mineral exploration, development and operation of mineral deposits, to outperform from sector perform with a price target of C$3.10, indicating an upside of 12.7% from current levels.
Thompson Creek Metals Co Inc (TSX: TCM), a diversified mining company engaged in producing molybdenum and has copper and gold reserves, was upgraded to buy from neutral at Dundee Securities Corp increasing its price target to C$4.00 from C$3.50, indicating an upside of 34.2% from current levels.
Canaccord Genuity Corp upgraded Essential Energy Services Ltd (TSX: ESN), a Canada-based company operating the coil well servicing fleet in the Western Canadian Sedimentary Basin (WCSB), to buy from hold with a price target of C$3.25, indicating an upside of 32.1% from current levels.
Paradigm Capital Inc initiated coverage on Integra Gold Corp (TSXV: ICG), a Canada-based exploration-stage resource company focused on exploration and development of its high-grade Lamaque Gold Project, with a speculative buy with a 12-month price target of C$0.60, indicating an upside of 172.7% from current levels.
BMO Capital Markets downgraded Lightstream Resources Ltd (TSX: LTS), a light oil-focused exploration and production company in Canada, to underperform from market perform with a price target of C$6.00, indicating a downside of 4.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Alpha Natural Resources Inc | NYSE | ANR | 3.63 | 803.5 | Upgrade to neutral from sell | Kuni Chen | UBS | 4.00 | 10.2% |
| Coeur Mining Inc | NYSE | CDE | 7.66 | 792.6 | Upgrade to neutral from sell | Matt O’Keefe | Dundee Securities Corp | 8.00 | 4.4% |
| Triangle Capital Corp | NYSE | TCAP | 27.25 | 761.4 | Upgrade to outperform from market perform | Robert J Dodd | Raymond James | 30.00 | 10.1% |
| Astronics Corp | NASDAQ | ATRO | 58.21 | 1,052.9 | Initiate with buy | Ken Herbert | Canaccord Genuity Corp | 72.00 | 23.7% |
| Thoratec Corp | NASDAQ | THOR | 22.74 | 1,280.3 | Downgrade to neutral/neutral from buy/neutral | David H Roman | Goldman Sachs | 28.00 | 23.1% |
UBS upgraded Alpha Natural Resources Inc (NYSE: ANR), a supplier and exporter of metallurgical coals for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries, to neutral from sell increasing its price target to $4.00 from $3.00, indicating an upside of 10.2% from current levels.
Coeur Mining Inc (NYSE: CDE), a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia, was upgraded to neutral from sell at Dundee Securities Corp raising its price target to $8.00 from $7.5, indicating an upside of 4.4% from current levels.
Raymond James upgraded Triangle Capital Corp (NYSE: TCAP), a specialty finance company that provides customized financing solutions to lower middle market companies, to outperform from market perform with a price target $30.00, indicating an upside of 10.1% from current levels.
Canaccord Genuity Corp initiated coverage on Astronics Corp (NASDAQ: ATRO), a supplier of products to the aerospace and defense industries, with a buy rating assigning a 12-month price target of $72.00, indicating an upside of 23.7% from current levels.
Goldman Sachs downgraded Thoratec Corp (NASDAQ: THOR), engaged in mechanical circulatory support with a product portfolio to treat the range of clinical needs for advanced heart failure (HF) patients, to neutral/neutral from buy/neutral lowering its price target to C$28.00 from C$38.00, indicating an upside of 23.1% from current levels.
