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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Energold Drilling Corp | TSXV | EGD | 1.46 | 70.1 | Upgrade to buy from hold | Michael Mills | Beacon Securities Ltd | 2.00 | 37.0% |
| Gold Standard Ventures Corp | TSXV | GSV | 0.66 | 80.7 | Re-initiate with outperform | Michael Gray | Macquarie | 2.25 | 240.9% |
| TerraVest Capital Inc | TSX | TVK | 6.42 | 116.3 | Initiate with speculative buy | Hilda Maraachlian | Cormark Securities Inc. | 8.25 | 28.5% |
| Manitok Energy Inc | TSXV | MEI | 2.44 | 167.1 | Downgrade to neutral from buy | Chad Ellison | Dundee Securities Corp | 2.75 | 12.7% |
Beacon Securities Ltd upgraded Energold Drilling Corp (TSXV: EGD), engaged in providing contract diamond drilling services, to buy from hold raising its price target to C$2.00 from C$1.75, indicating an upside potential of 37% from current levels.
Macquarie re-initiated coverage on Gold Standard Ventures Corp (TSXV: GSV), a precious metals exploration company, with outperform rating assigning a 12-month price target of C$2.25, indicting an upside potential of 240.9% from current levels.
Cormark Securities Inc. initiated coverage on TerraVest Capital Inc (TSXV: TVK), a company engaged in providing wellhead processing equipment for the oil and natural gas industry, with a speculative buy assigning a 12-month price target of C$8.25, indicating an upside potential of 28.5% from current levels.
Dundee Securities Corp downgraded Manitok Energy Inc (TSXV: MEI), an oil and gas exploration and development company, to neutral from buy reducing its price target to C$2.75 from C$4.00, indicating an upside of 12.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| AGCO Corp | NYSE | AGCO | 48.84 | 4,581.0 | Upgrade to neutral from underweight | Ann Duignan | JPMorgan | 51.00 | 4.4% |
| SandRidge Energy Inc | NYSE | SD | 5.24 | 2,588.7 | Upgrade to buy from hold | Amir Arif | Stifel | 6.75 | 28.8% |
| Cyan Inc | NYSE | CYNI | 3.77 | 177.2 | Upgrade to buy from hold | George C Notter | Jefferies | 3.50 | -7.2% |
| Athlon Energy Inc | NYSE | ATHL | 46.54 | 4,529.2 | Initiate with overweight | Jeffrey W Robertson | Barclays | 58.00 | 24.6% |
| BancorpSouth Inc | NYSE | BXS | 21.17 | 2,033.4 | Downgrade to equalweight from overweight | Stephen M Moss | Evercore Partners | 23.00 | 8.6% |
JPMorgan upgraded AGCO Corp (NYSE: AGCO), a manufacturer and distributor of agricultural equipment, to neutral from underweight raising its price target to $51.00 from $50.00, indicating an upside potential of 4.4% from current levels.
Stifel upgraded Sand Ridge Energy Inc (NYSE: SD), an independent oil and natural gas company engaged in the development and production activities in the Mid-Continent, Gulf of Mexico and Permian Basin in west Texas, to buy from hold with price target of $6.75, indicating an upside potential of 28.8% from current levels.
Jefferies upgraded Cyan Inc (NYSE: CYNI), a provider of carrier-grade networking solutions & high-performance networks, to buy rating from hold with price target of $3.5, indicating a downside of 7.2% from current levels.
Barclays initiated coverage on Athlon Energy Inc (NYSE: ATHL), an exploration and production company, with an overweight rating assigning a 12-month price target of $58.00, indicating an upside potential of 24.6% from current levels.
Evercore Partners downgraded BancorpSouth Inc (NYSE: BXS), a financial holding company engaged in providing commercial banking and financial services, to equal weight from overweight reducing its price target to $23.00 from $24.00, indicating an upside of 8.6% from current levels.
