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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| OceanaGold Corp | TSX | OGC | 1.92 | 578.5 | Upgrade to outperform from underperform | Andrew Harvey-Green | Forsyth Barr | 2.19 | 14.1% |
| Agellan Commercial Real Estate Investment Trust | TSX | ACR-U | 9.02 | 209.2 | Initiate with sector perform | Michael Smith | RBC Capital Markets | 10.00 | 10.9% |
| Powder Mountain Energy Ltd | TSXV | PDM | 0.53 | 25.5 | Initiate with speculative buy | Kuno Ryckborst | Beacon Securities Ltd | 1.30 | 145.3% |
| Slate Retail REIT | TSX | SRT-U | 11.32 | 174.3 | Initiate with outperform | Heather C Kirk | BMO Capital Markets | 13.50 | 19.3% |
| Akita Drilling Ltd | TSX | AKT/A | 13.50 | 242.9 | Downgrade to sector perform from outperform | Dana Benner | Alta Corp Capital Inc. | 14.50 | 7.4% |
Forsyth Barr upgraded OceanaGold Corp (TSX: OGC), engaged in the exploration, development and operation of gold and other mineral mining activities, to outperform from underperform with a price target of C$2.19, indicating an upside of 14.1% from current levels.
Coverage on Agellan Commercial Real Estate Investment Trust (TSX: ACR-U), engaged in acquiring and owning industrial, office and retail properties in select major urban markets in the U.S. and Canada, was initiated with a sector perform rating at RBC Capital Markets, assigning a 12-month price target of C$10.00, indicating an upside potential of 10.9% from current levels.
Beacon Securities Ltd initiated coverage on Powder Mountain Energy Ltd (TSXV: PDM), engaged in the exploration and development of oil & natural gas in North America and Colombia, with a speculative buy rating assigning a 12-month price target of C$1.30, indicating an upside of 145.3% from current levels.
Coverage on Slate Retail REIT (TSX: SRT-U), engaged in the business of holding a diversified portfolio of strong-performing grocery-anchored retail properties in strategic markets across the U.S., was initiated with an outperform rating at BMO Capital Markets, assigning a 12-month price target of C$13.50, indicating an upside potential of 19.3% from current levels.
Alta Corp Capital Inc. downgraded Akita Drilling Ltd (TSX: AKT/A), engaged in providing contract drilling services to the oil and gas industry in Western Canada, to sector perform from outperform by reducing its price target to C$14.50 from C$16.50, indicating an upside of 7.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Royal Gold Inc | NASDAQ | RGLD | 61.29 | 3,972.5 | Upgrade to buy from neutral | Andrew Quail | Goldman Sachs | 70.55 | 15.1% |
| Curtiss-Wright Corp | NYSE | CW | 70.51 | 3,386.2 | Upgrade to buy from hold | Daniel M Whalen | Topeka Capital Markets Inc | 80.00 | 13.5% |
| Regional Management Corp | NYSE | RM | 11.73 | 149.1 | Upgrade to neutral from underperform | Vincent Caintic | Macquarie | 12.00 | 2.3% |
| Seattle Genetics Inc | NASDAQ | SGEN | 37.25 | 4,598.4 | Initiate with market perform | Dr Boris Peaker | Cowen and Company | 34.00 | -8.7% |
| Tornier NV | NASDAQ | TRNX | 26.90 | 1,315.7 | Downgrade to neutral from overweight | Matt Miksic | Piper Jaffray | 30.00 | 11.5% |
Goldman Sachs upgraded Royal Gold Inc (NASDAQ: RGLD), engaged in the business of acquiring and managing precious metals royalties and similar interests, to buy from neutral raising its price target to $70.55 from $68.32, indicating an upside of 15.1% from current levels.
Curtiss-Wright Corp (NYSE: CW), engaged in the business of designing and manufacturing engineered, advanced technologies that perform critical functions in demanding conditions in the defense, power generation, oil and gas, commercial aerospace, and general industrial markets, was upgraded by Topeka Capital Markets Inc to buy from hold raising its price target to $80.00 from $72.00, indicating an upside potential of 13.5% from current levels.
Macquarie upgraded Regional Management Corp (NYSE: RM), engaged in offering consumer finance services, to neutral from underperform with a price target of $12.00, indicating an upside of 2.3% from current levels.
Cowen and Company initiated coverage on Seattle Genetics Inc (NASDAQ: SGEN), engaged in the development and commercialization of monoclonal antibody-based therapies for cancer, with a market perform rating assigning a 12-month price target of $34.00, indicating a downside of 8.7% from current levels.
Tornier NV (NASDAQ: TRNX), engaged in designing, outsourcing manufacture of and marketing orthopedic products, was downgraded by Piper Jaffray to neutral from overweight with a price target of $30.00, implying an upside potential of 11.5% from current levels.
