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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Northern Frontier Corp | TSXV | FFF | 1.85 | 20.8 | Upgrade to speculative buy from hold | Brian D Pow | Acumen Capital Finance | 2.20 | 18.9% |
| Quebecor Inc | TSX | QBR/B | 28.44 | 3,495.0 | Upgrade to outperform from sector perform | Adam Shine | National Bank Financial | 32.00 | 12.5% |
| Agnico Eagle Mines Ltd | TSX | AEM | 37.08 | 7,780.0 | Upgrade to buy from hold | George V Albino | GMP | 47.00 | 26.8% |
| Treasury Metals Inc | TSX | TML | 0.44 | 32.7 | Initiate with speculative buy | Ryan Walker | Euro Pacific Canada Inc | 0.70 | 59.1% |
| Golden Queen Mining Co Ltd | TSX | GQM | 1.38 | 137.7 | Downgrade to market perform from speculative buy | Kyle McPhee | Cormark Securities Inc. | 1.65 | 19.6% |
Acumen Capital Finance upgraded Northern Frontier Corp (TSXV: FFF), engaged in providing civil construction and excavation services to the industrial energy industry, to speculative buy from hold with price target of C$2.20, indicating an upside potential of 18.9% from current levels.
Quebecor Inc (TSX: QBR/B), engaged in publishing, distribution, multimedia, and broadcasting, was upgraded by National Bank Financial to outperform from sector perform raising its price target to C$32.00 from C$27.50, indicating an upside of 12.5% from current levels.
GMP upgraded Agnico Eagle Mines Ltd (TSX: AEM), engaged in gold producing and in mining operations, to buy from hold raising its price target to C$47.00 from C$46.00, indicating an upside potential of 26.8% from current levels.
Coverage on Treasury Metals Inc (TSX: TML), a mineral exploration and development company of precious and base metals assets in Canada, was initiated with a speculative buy at Euro Pacific Canada Inc, assigning a 12-months price target of $0.70, indicating an upside potential of 59.1% from current levels.
Golden Queen Mining Co Ltd (TSX: GQM), engaged in exploring gold and other minerals on the Soledad Mountain Project, California, was downgraded by Cormark Securities Inc. to market perform from speculative buy reducing its price target to C$1.65 from C$1.80, indicating an upside of 19.6% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| RPC Inc | NYSE | RES | 21.30 | 4,661.1 | Upgrade to overweight from equal weight | Michael Marino | Stephens Inc | 27.00 | 26.8% |
| Covenant Transportation Group Inc | NASDAQ | CVTI | 13.88 | 207.6 | Upgrade to buy from hold | Thomas S Albrecht | BB&T Capital Markets | 20.00 | 44.1% |
| Silicon Graphics International Corp | NASDAQ | SGI | 9.77 | 338.1 | Upgrade to buy from neutral | Mark Kelleher | D.A. Davidson & Co | 12.00 | 22.8% |
| SuperCom Ltd | NASDAQ | SPCB | 12.81 | 158.0 | Initiate with buy | Yi Chen | Aegis Capital Corp. | 16.00 | 24.9% |
| Multimedia Games Holding Co Inc | NASDAQ | MGAM | 36.15 | 1,073.0 | Downgrade to neutral from buy | Stephen Altebrando | Sidoti & Company LLC | 37.00 | 2.4% |
Stephens Inc upgraded RPC Inc (NYSE: RES), engaged in providing broad range of specialized oilfield services and equipment primarily to independent and oil & gas companies, to overweight from equal weight with price target of $27.00, indicating an upside potential of 26.8% from current levels.
Covenant Transportation Group Inc (NASDQ: CVTI), a carrier for transportation companies, was upgraded by BB&T Capital Markets to buy from hold with a price target of $20.00, indicating an upside of 44.1% from current levels.
D.A. Davidson & Co upgraded Silicon Graphics International Corp (NASDAQ: SGI), engaged in developing, marketing, and selling a range of computing servers, data storages, as well as differentiating software, to buy from neutral raising its price target to $12.00 from $10.00, indicating an upside potential of 22.8% from current levels.
Aegis Capital Corp. initiated coverage on SuperCom Ltd (NASDAQ: SPCB), a provider of traditional, digital Identity, advanced safety, identification and security products solutions, to governments, private and public organizations, with a buy rating assigning a 12-months price target of $16.00, indicating an upside potential of 24.9% from current levels.
Multimedia Games Holding Co Inc (NASDAQ: MGAM), engaged in designing, manufacturing and supplying gaming machines and systems to commercial and Native American casino operators in North America, was downgraded by Sidoti & Company LLC to neutral from buy with price target of $37.00, indication an upside of 2.4% from current levels.
