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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Bear Creek Mining Corp | TSXV | BCM | 1.62 | 150.8 | Upgrade to speculative buy from hold | Eric Zaunscherb | Canaccord Genuity Corp | 2.00 | 23.5% |
| Ensign Energy Services Inc | TSX | ESI | 13.95 | 2,139.2 | Upgrade to outperform from market perform | Andrew Bradford | Raymond James | 18.50 | 32.6% |
| New Gold Inc | TSX | NGD | 5.36 | 2,701.4 | Upgrade to buy from hold | Michael Parkin | Desjardins Securities | 7.00 | 30.6% |
| PyroGenesis Canada Inc | TSXV | PYR | 0.43 | 34.6 | Initiate with buy | Fadi Benjamin | Pope & Co Limited | 1.00 | 132.6% |
| Midway Gold Corp | TSX | MDW | 1.19 | 205.6 | Downgrade to hold from speculative buy | Joe Mazumdar | Canaccord Genuity Corp | 1.20 | 0.8% |
Canaccord Genuity Corp upgraded Bear Creek Mining Corp (TSXV: BCM), engaged in the acquisition, exploration and development of precious and base metal properties located principally in Peru, to speculative buy from hold with a price target of C$2.00, indicating an upside of 23.5% from current levels.
Ensign Energy Services Inc (TSX: ESI), engaged in providing oilfield services to the crude oil and natural gas industry, was upgraded by Raymond James to outperform from market perform with a price target of C$18.50, indicating an upside potential of 32.6% from current levels.
Desjardins Securities upgraded New Gold Inc (TSX: NGD), engaged in acquiring, exploring, and developing gold properties, to buy from hold with a price target of C$7.00, indicating an upside of 30.6% from current levels.
Pope & Co Limited initiated coverage on PyroGenesis Canada Inc (TSXV: PYR), engaged in designing, developing, manufacturing and commercializing plasma torches and advanced plasma waste to energy systems, with a buy rating assigning a 12-month price target of C$1.00, indicating an upside potential of 132.6% from current levels.
Canaccord Genuity Corp downgraded Midway Gold Corp (TSX: MDW), engaged in the acquisition, exploration and development of gold and silver mineral properties in North America, to hold from speculative buy by reducing its price target to C$1.20 from C$1.25, indicating an upside of 0.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Basic Energy Services Inc | NYSE | BAS | 16.70 | 721.5 | Upgrade to hold from underperform | Brad Handler | Jefferies | 18.00 | 7.8% |
| BreitBurn Energy Partners LP | NASDAQ | BBEP | 17.47 | 2,349.2 | Upgrade to outperform from market perform | Bernard L Colson | Oppenheimer & Co | 20.00 | 14.5% |
| Pioneer Energy Services Corp | NYSE | PES | 11.44 | 723.0 | Upgrade to buy from hold | Brad Handler | Jefferies | 16.00 | 39.9% |
| Panera Bread Co | NASDAQ | PNRA | 163.67 | 4,429.8 | Initiate with market perform | Andrew Strelzik | BMO Capital Markets | 162.00 | -1.0% |
| Kofax Ltd | NASDAQ | KFX | 5.86 | 539.5 | Downgrade to hold from buy | Jeff Van Rhee | Craig-Hallum Capital Group LLC | 7.00 | 19.5% |
Jefferies upgraded Basic Energy Services Inc (NYSE: BAS), engaged in providing a range of well site services to oil and natural gas drilling and producing companies, to hold from underperform with a price target of $18.00, indicating an upside of 7.8% from current levels.
BreitBurn Energy Partners LP (NASDAQ: BBEP), engaged in the acquisition, exploitation and development of oils and gas properties in the U.S., was upgraded by Oppenheimer & Co to outperform from market perform with a price target of $20.00, indicating an upside potential of 14.5% from current levels.
Jefferies upgraded Pioneer Energy Services Corp (NYSE: PES), engaged in providing drilling and production services to independent oil & gas exploration and production companies, to buy from hold with a price target of $16.00, indicating an upside of 39.9% from current levels.
BMO Capital Markets initiated coverage on Panera Bread Co (NASDAQ: PNRA), engaged in owning and franchising bakery cafes, with a market outperform rating assigning a 12-month price target of $162.00, indicating a downside potential of 1.0% from current levels.
Kofax Ltd (NASDAQ: KFX), engaged in developing and supplying products and services for electronic data and document capture, was downgraded by Craig-Hallum Capital Group LLC to hold from buy by reducing its price target to $7.00 from $10.00, implying an upside potential of 19.5% from current levels.
