| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Pan American Silver Corp | TSX | PAA | 15.79 | 14 | Upgrade to sector perform from sector underperform | Arnold Van Graan | CIBC World Markets | 16.86 | 6.8% |
| Redknee Solutions Inc | TSX | RKN | 5.73 | 7 | Upgrade to speculative buy from hold | Eyal Ofir | Clarus Securities | 6.75 | 17.8% |
| Stella-Jones Inc | TSX | SJ | 28.70 | 8 | Upgrade to buy from hold | Michael Tupholme | TD Securities | 33.00 | 15.0% |
| Roxgold Inc | TSXV | ROG | 0.67 | 5 | Initiate with speculative buy | Joe Mazumdar | Canaccord Genuity Corp | 0.90 | 34.3% |
| B2Gold Corp | TSX | BTO | 3.32 | 17 | Downgrade to hold from buy | Adam Melnyk | Desjardins Securities | 3.50 | 5.4% |
CIBC World Markets upgraded Pan American Silver Corp (TSX: PAA), engaged in the operation and development of, and exploration for, silver producing properties and assets, to sector perform from sector underperform raising its price target to C$16.86 from C$10.55, indicating an upside of 6.8% from current levels.
Redknee Solutions Inc (TSX: RKN), a global provider of real-time monetization software products, solutions and services, was upgraded to speculative buy from hold at Clarus Securities increasing its price target to C$6.75 from C$6.00, indicating an upside of 17.8% from current levels. Analyst Eyal Ofir notes that the steady streak of contract announcements boosts the company’s ongoing traction in securing renewals and winning new business, will help in providing increased visibility for stable revenue and an improved outlook.
TD Securities upgraded Stella-Jones Inc (TSX: SJ), a producer and marketer of industrial treated wood products, to buy from hold increasing its price target to C$33.00 from C$29.00, indicating an upside of 15% from current levels. Recently, SJ reported that its fourth quarter 2013 sales grew 33% to C$211.9 million from C$159.3 million in the same quarter last year, while net income increased 19% to C$19.7 million or 29 Canadian cents per share from the year-earlier period. The board also raised the quarterly dividend to 7 cents per share, payable on April 30, 2014 to shareholders of record at the close on April 2, 2014.
Canaccord Genuity Corp initiated coverage on Roxgold Inc (TSXV: RXG), a junior natural resource company engaged in the business of acquiring, exploring and evaluating mineral properties, with a speculative buy assigning a 12-month price target of C$0.90, indicating an upside of 34.3% from current levels.
Desjardins Securities downgraded B2Gold Corp (TSX: BTO), a gold mining company, to hold from buy with a price target of C$3.50, indicating an upside of 5.4% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| CACI International Inc | NYSE | CACI | 75.80 | 14 | Upgrade to sector perform from underperform | Steven Cahall | RBC Capital Markets | 82.00 | 8.2% |
| Patterson-UTI Energy Inc | NASDAQ | PTEN | 30.11 | 27 | Upgrade to buy/attractive from neutral/attractive | Waqar Syed | Goldman Sachs | 37.00 | 22.9% |
| PEDEVCO Corp | NYSE | PED | 2.26 | 2 | Initiate with buy | Philip L Dodge | Noble Financial Group | 3.90 | 72.6% |
| Guaranty Federal Bancshares Inc | NASDAQ | GFED | 12.74 | 2 | Initiate with outperform | Daniel Cardenas | Raymond James | 16.00 | 25.6% |
| Extra Space Storage Inc | NYSE | EXR | 48.49 | 15 | Downgrade to neutral from outperform | Shahzeb Zakaria | Macquarie | 51.00 | 5.2% |
RBC Capital Markets upgraded CACI International Inc (NYSE: CACI), a provider of information technology products and services, to sector perform from underperform increasing its price target to $82.00 from $77.00, indicating an upside of 8.2% from current levels. Recently, CACI was awarded a $95 million contract to provide operations and maintenance work for the Interior Department’s Business Integration Office.
Patterson-UTI Energy Inc (NASDAQ: PTEN), an owner and operator of fleets for land-based drilling rigs, was upgraded to buy/attractive from neutral/attractive at Goldman Sachs increasing its price target to $37.00 from $28.50, indicating an upside of 22.9% from current levels. The rating firm believes higher onshore drilling prices in North America will help PTEN to reach its margin targets.
Noble Financial Group initiated coverage on PEDEVCO Corp (NYSE: PED), focused on resources and operations on its down-hole solutions and oil and gas production segments, with a buy rating assigning a 12-month price target of $3.90, indicating an upside of 72.6% from current levels. Recently, PED purchased around 28,000 net acres of land along with 40 wells in the Colorado-based DJ Basin from an U.S-based energy firm for a cash consideration of $28.0 million. The company expects to improve its daily output in the DJ Basin through the new asset purchase.
Coverage on Guaranty Federal Bancshares Inc (NASDAQ: GFED), a bank holding company for Guaranty Federal Savings Bank, was initiated with an outperform rating at Raymond James with a price target of $16.00, indicating an upside of 25.6% from current levels.
Macquarie downgraded Extra Space Storage Inc (NYSE: EXR), a self-administered and self-managed real estate investment trust (REIT), to neutral from outperform with a price target of $51.00, indicating an upside of 5.2% from current levels.
