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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Acadian Timber Corp | TSX | ADN | 13.84 | 231.6 | Initiate with sector perform | Mark Kennedy | CIBC World Markets | 15.00 | 8.4% |
| Orezone Gold Corp | TSX | ORE | 0.86 | 82.3 | Initiate with outperform | Adam Melnyk | National Bank Financial | 1.30 | 51.2% |
| Alexco Resource Corp | TSX | AXR | 1.06 | 72.8 | Re-initiate with speculative buy | John Kratochwil | Canaccord Genuity Corp | 1.70 | 60.4% |
| Pacific Rubiales Energy Corp | TSX | PRE | 21.79 | 6,848.4 | Downgrade to hold from buy | Matthew Portillo | Tudor Pickering & Co | 28.00 | 28.5% |
CIBC World Markets initiated coverage on Acadian Timber Corp (TSX: AND), a supplier of primary forest products in Eastern Canada and the Northeastern United States, with a sector perform rating assigning a 12-month price target of C$15.00, indicating an upside of 8.4% from current levels.
Coverage on Orezone Gold Corp (TSX: ORE), an exploration-stage company engaged in the acquisition, exploration and development of gold projects, was initiated with an outperform rating at National Bank Financial assigning a 12-month price target of C$1.30, indicating an upside of 51.2% from current levels.
Canaccord Genuity Corp re-initiated coverage on Alexco Resource Corp (TSX: AXR), engaged in the process of mining, exploring and developing its mineral properties, with a speculative buy assigning a 12-month price target of C$1.70, indicating an upside of 60.4% from current levels.
Tudor Pickering & Co downgraded Pacific Rubiales Energy Corp (TSX: PRE), a producer and seller of natural gas and heavy crude oil, to hold from buy with a price target of C$28.00, indicating an upside of 28.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Hilltop Holdings Inc | NYSE | HTH | 20.85 | 1,880.3 | Upgrade to outperform from market perform | Brady Gailey | Keefe, Bruyette & Woods | 26.50 | 27.1% |
| SandRidge Permian Trust | NYSE | PER | 11.25 | 443.0 | Upgrade to outperform from market perform | Kevin Smith | Raymond James | 12.00 | 6.7% |
| Miller Energy Resources Inc | NYSE | MILL | 5.26 | 242.4 | Upgrade to buy from hold | Philip E Juskowicz | Casimir Capital | 7.50 | 42.6% |
| New Oriental Education & Technology Group Inc | NYSE | EDU | 22.66 | 3,588.9 | Initiate with outperform | Jialong Shi | Credit Suisse | 30.00 | 32.4% |
| E-House China Holdings Ltd | NYSE | EJ | 12.10 | 1,668.7 | Downgrade to neutral/neutral from buy/neutral | Jacqueline Du | Goldman Sachs | 14.10 | 16.5% |
Keefe, Bruyette & Woods upgraded Hilltop Holdings Inc (NYSE: HTH), a holding company engaged in providing fire and homeowners insurance to low value dwellings and manufactured homes, to outperform from market perform with a price target of $26.50, indicating an upside of 27.1% from current levels.
SandRidge Permian Trust (NYSE: PER), a trust formed by SandRidge Energy, Inc. to own royalty interests in oil and natural gas wells, was upgraded to outperform from market perform at Raymond James with a price target of $12.00, indicating an upside of 6.7% from current levels.
Casimir Capital upgraded Miller Energy Resources Inc (NYSE: MILL), an independent exploration and production company that utilizes seismic data and other technologies for geophysical exploration and development of oil and gas wells, to buy from hold with a price target of $7.50, indicating an upside potential of 42.6% from current levels.
Credit Suisse initiated coverage on New Oriental Education & Technology Group Inc (NYSE: EDU), a provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence, with an outperform rating assigning a 12-month price target of $30.00, indicating an upside of 32.4% from current levels.
Goldman Sachs downgraded E-House China Holdings Ltd (NYSE: EJ), a real estate services company in China, to neutral/neutral from buy/neutral with a price target of $14.10, indicating an upside of 16.5% from current levels.
