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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Newstrike Capital Inc | TSXV | NES | 0.96 | 112.1 | Upgrade to buy from neutral | Philip Ker | PI Financial Corp. | 1.10 | 14.6% |
| Lydian International Ltd | TSX | LYD | 0.60 | 91.3 | Upgrade to buy from hold | Tara Hassan | Haywood Securities Inc. | 0.95 | 58.3% |
| Labrador Iron Ore Royalty Corp | TSX | LIF | 16.68 | 1,067.5 | Upgrade to buy from hold | Harriet Li | Accountability Research Corp | 28.00 | 67.9% |
| Penn West Petroleum Ltd | TSX | PWT | 4.07 | 2,024.1 | Downgrade to underperform from market perform | Gordon Tait | BMO Capital Markets | 6.00 | 47.4% |
| Sarama Resources Ltd | TSXV | SWA | 0.05 | 4.4 | Downgrade to market perform from speculative buy | Tyron Breytenbach | Cormark Securities Inc. | 0.15 | 200.0% |
PI Financial Corp. upgraded Newstrike Capital Inc (TSXV: NES), engaged in the business of exploring gold and silver, to buy from neutral by raising its price target to C$1.10 from C$0.90, indicating an upside of 14.6% from current levels.
Lydian International Ltd (TSX: LYD), engaged in the exploration and development of gold, was upgraded by Haywood Securities Inc. to buy from hold by raising its price target to C$0.95 from C$0.85, indicating an upside potential of 58.3% from current levels.
Accountability Research Corp upgraded Labrador Iron Ore Royalty Corp (TSX: LIF), engaged in the business of holding an overriding royalty on all iron ore products produced, sold, delivered and shipped by Iron Ore Company of Canada, to buy from hold with a price target of C$28.00, indicating an upside of 67.9% from current levels.
Penn West Petroleum Ltd (TSX: PWT), engaged in the business of exploring oil and natural gas, was downgraded by BMO Capital Markets to underperform from market perform by reducing its price target to C$6.00 from C$6.75, implying an upside potential of 47.4% from current levels.
Cormark Securities Inc. downgraded Sarama Resources Ltd (TSXV: SWA), engaged in acquiring, exploring and developing precious metal resource properties in Africa, to market perform from speculative buy by reducing its price target to C$0.15 from C$0.50, indicating an upside of 200.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| MAXIMUS Inc | NYSE | MMS | 52.39 | 3,450.4 | Upgrade to hold from underweight | Andrew S Zamfotis | EVA Dimensions | NA | NA |
| Townsquare Media Inc | NYSE | TSQ | 12.48 | 216.8 | Upgrade to overweight from hold | Craig Sterling | EVA Dimensions | NA | NA |
| China Biologic Products Inc | NASDAQ | CBPO | 68.48 | 1,688.5 | Initiate with buy | Johnson Sun | BOCOM International Holdings | 96.40 | 40.8% |
| Oasis Petroleum Inc | NYSE | OAS | 18.38 | 1,862.6 | Downgrade to neutral from buy | Noel A Parks | Ladenburg Thalmann & Co | 28.00 | 52.3% |
| Goodrich Petroleum Corp | NYSE | GDP | 6.05 | 268.8 | Downgrade to sector perform from outperform | David Amoss | Iberia Capital Partners LLC | 18.00 | 197.5% |
EVA Dimensions upgraded MAXIMUS Inc (NYSE: MMS), engaged in providing program management and consulting services to state and local governments throughout the U.S., to hold from underweight. The rating company has not provided its target price for the company’s stock.
Townsquare Media Inc (NYSE: TSQ), engaged in the business of providing radio broadcasting services, was upgraded by EVA Dimensions to overweight from hold. The rating company has not provided its target price for the company’s stock.
Coverage on China Biologic Products Inc (NASDAQ: CBPO), engaged in researching, producing and manufacturing human plasma-based pharmaceutical products in the People’s Republic of China, was initiated with a buy rating at BOCOM International Holdings, assigning a 12-month price target of $96.40, indicating an upside potential of 40.8% from current levels.
Oasis Petroleum Inc (NYSE: OAS), engaged in the acquisition and development of unconventional oil and natural gas resources, was downgraded by Ladenburg Thalmann & Co to neutral from buy by reducing its price target to $28.00 from $52.00, implying an upside potential of 52.3% from current levels.
Iberia Capital Partners LLC downgraded Goodrich Petroleum Corp (NYSE: GDP), engaged in exploration, development and production of oil and natural gas properties, to sector perform from outperform with a price target of $18.00, indicating an upside of 197.5% from current levels.
