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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Excellon Resources Inc | TSX | EXN | 1.16 | 63.8 | Upgrade to buy from sell | Timothy Stanish | EVA Dimensions | NA | NA |
| Canadian Zinc Corp | TSX | CZN | 0.32 | 68.7 | Re-initiate with speculative buy | Gary Lampard | Canaccord Genuity Corp | 0.75 | 138.1% |
| Sierra Metals Inc | TSX | SMT | 1.75 | 279.2 | Initiate with buy | Ali Khan | Edgecrest Capital | 2.50 | 42.9% |
| Dollarama Inc | TSX | DOL | 93.99 | 6,257.3 | Downgrade to hold from buy | Neil Linsdell | Industrial Alliance Securities | 95.00 | 1.1% |
EVA Dimensions upgraded Excellon Resources Inc (TSX: EXN), a mineral resource company operating in Durango and Zacatecas States, Mexico, and Ontario and Quebec, Canada, to overweight from underweight. The rating firm did not assign any price target to the stock.
Canaccord Genuity Corp re-initiated coverage on Canadian Zinc Corp (TSX: CZN), an exploration-stage company engaged in the exploration, development and permitting of its Prairie Creek Mine property, with a speculative buy assigning a 12-month price target of C$0.75, indicating an upside of 138.1% from current levels.
Coverage on Sierra Metals Inc (TSX: SMT), a precious and base metals producer, was initiated with a buy rating at Edgecrest Capital assigning a 12-month price target of C$2.50, indicating an upside of 42.9% from current levels.
Industrial Alliance Securities downgraded Dollarama Inc (TSX: DOL), a dollar store operator offering a range of consumer products and general merchandise for everyday use, in addition to seasonal products, to hold from buy with a price target of C$95.00, indicating an upside of 1.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| SeaWorld Entertainment Inc | NYSE | SEAS | 20.27 | 1,824.6 | Upgrade to outperform from market perform | Barton Crockett | FBR Capital Markets | 26.00 | 28.3% |
| Independent Bank Corp | NASDAQ | IBCP | 12.25 | 281.0 | Upgrade to outperform from market perform | John Rodis | FIG Partners LLC | 14.00 | 14.3% |
| Techne Corp | NASDAQ | TECH | 95.62 | 3,537.5 | Initiate with overweight | Drew Jones | Stephens Inc | 113.00 | 18.2% |
| US Concrete Inc | NASDAQ | USCR | 25.39 | 355.2 | Initiate with market outperform | Arnold Ursaner | CJS Securities | 33.00 | 30.0% |
| AGCO Corp | NYSE | AGCO | 48.39 | 4,538.8 | Downgrade to underperform from neutral | Sameer Rathod | Macquarie | 44.00 | -9.1% |
FBR Capital Markets upgraded SeaWorld Entertainment Inc (NYSE: SEAS), a theme park and entertainment company, to outperform from market perform raising its price target to $26.00 from $21.00, indicating an upside of 28.3% from current levels.
Independent Bank Corp (NASDAQ: IBCP), a commercial bank holding company engaged in activities include checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services, was upgraded to outperform from market perform at FIG Partners LLC with a price target of $14.00, indicating an upside of 14.3% from current levels.
Stephens Inc initiated coverage on Techne Corp (NASDAQ: TECH), engaged in the development, manufacture and sale of biotechnology products and hematology calibrators and controls, with an overweight rating assigning a 12-month price target of $113.00, indicating an upside of 18.2% from current levels.
Coverage on US Concrete Inc (NASDAQ: USCR), a producer of ready-mixed concrete, precast concrete products and concrete-related products, was initiated with market outperform rating at CJS Securities assigning a 12-month price target of $33.00, indicating an upside of 30% from current levels.
Macquarie downgraded AGCO Corp (NYSE: AGCO), a manufacturer and distributor of agricultural equipment and related replacement parts, to underperform from neutral lowering its price target to $44.00 from $50.00, indicating a downside of 9.1% from current levels.
