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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Postmedia Network Canada Corp | TSX | PNC/A | 1.48 | 99.6 | Upgrade to sector perform from underperform | Adam Shine | National Bank Financial | 1.75 | 18.2% |
| Fortuna Silver Mines Inc | TSX | FVI | 4.30 | 546.7 | Upgrade to sector outperform from sector perform | Leon Esterhuizen | CIBC World Markets | 6.50 | 51.2% |
| Sandstorm Gold Ltd | TSX | SSL | 4.77 | 560.5 | Upgrade to buy from hold | Rahul Paul | Canaccord Genuity Corp | 6.50 | 36.3% |
| Element Financial Corp | TSX | EFN | 13.08 | 3,453.8 | Initiate with outperform | Nick Stogdill | Credit Suisse | 17.50 | 33.8% |
| Superior Plus Corp | TSX | SPB | 12.95 | 1,634.1 | Downgrade to sector perform from sector outperform | Benoit Laprade | Scotia Capital | 14.50 | 12.0% |
National Bank Financial upgraded Postmedia Network Canada Corp (TSX: PNC/A), engaged in publishing daily news papers in Canada, to sector perform from underperform raising its price target to C$1.75 from C$1.00, indicating an upside of 18.2% from current levels.
Fortuna Silver Mines Inc (TSX: FVI), engaged in silver mining activities, was upgraded by CIBC World Markets to sector outperform from sector perform with a price target of C$6.50, indicating an upside potential of 51.2% from current levels.
Canaccord Genuity Corp upgraded Sandstorm Gold Ltd (TSX: SSL), engaged in acquiring gold purchase agreements with companies that have advanced stage development projects or operating mines, to buy from hold with a price target of C$6.50, indicating an upside of 36.3% from current levels.
Coverage on Element Financial Corp (TSX: EFN), engaged in providing equipment financing services, was initiated with an outperform rating at Credit Suisse, assigning a 12-month price target of C$17.50, indicating an upside potential of 33.8% from current levels.
Scotia Capital downgraded Superior Plus Corp (TSX: SPB), engaged in distributing propane, supplying chemicals, technology and producing potassium products, to sector perform from sector outperform by reducing its price target to C$14.50 from C$15.00, indicating an upside of 12.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| EPR Properties | NYSE | EPR | 51.38 | 2,936.5 | Upgrade to outperform from market perform | Daniel Altscher | FBR Capital Markets | 60.00 | 16.8% |
| RSP Permian Inc | NYSE | RSPP | 25.20 | 1,947.8 | Upgrade to buy from neutral | Betty Jiang | UBS | 34.00 | 34.9% |
| Legacy Reserves LP | NASDAQ | LGCY | 27.34 | 1,850.0 | Upgrade to buy from hold | Abhishek Sinha | Wunderlich Securities | 31.00 | 13.4% |
| Baltic Trading Ltd | NYSE | BALT | 3.60 | 207.2 | Initiate with buy | S Magnus Fyhr | GMP | 6.00 | 66.7% |
| Midcoast Energy Partners LP | NYSE | MEP | 21.92 | 991.2 | Downgrade to neutral from buy | Shneur Z Gershuni | UBS | 23.00 | 4.9% |
FBR Capital Markets upgraded EPR Properties (NYSE: EPR), engaged investing in the segments of entertainment, recreation and education, to outperform from market perform raising its price target to $60.00 from $57.00, indicating an upside of 16.8% from current levels.
RSP Permian Inc (NYSE: RSPP), engaged in the acquisition, exploration, development and production of oil and natural gas, was upgraded by UBS to buy from neutral with a price target of $34.00, indicating an upside potential of 34.9% from current levels.
Wunderlich Securities upgraded Legacy Reserves LP (NASDAQ: LGCY), engaged in the acquisition and development of oil and natural gas properties, to buy from hold with a price target of $31.00, indicating an upside of 13.4% from current levels.
GMP initiated coverage on Baltic Trading Ltd (NYSE: BALT), engaged in providing bulk marine shipping services, with a buy rating assigning a 12-month price target of $6.00, indicating an upside potential of 66.7% from current levels.
Midcoast Energy Partners LP (NYSE: MEP), engaged in providing natural gas services, was downgraded by UBS to neutral from buy by reducing its price target to $23.00 from $24.00, implying an upside potential of 4.9% from current levels.
