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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Silvercorp Metals Inc | TSX | SVM | 1.79 | 305.9 | Upgrade to outperform from market perform | Chris Thompson | Raymond James | 2.26 | 26.3% |
| Currency Exchange International Corp | TSX | CXI | 22.30 | 120.3 | Initiate with buy | Adam Seanor | Mackie Research Capital Corp. | 29.50 | 32.3% |
| Richmont Mines Inc | TSX | RIC | 3.48 | 166.8 | Initiate with buy | Brian Szeto | PI Financial Corp. | 5.40 | 55.2% |
| ATAC Resources Ltd | TSXV | ATC | 0.62 | 73.0 | Downgrade to market perform from outperform | David Sadowski | Raymond James | 1.00 | 61.3% |
| AuRico Gold Inc | TSX | AUQ | 4.29 | 1,069.7 | Downgrade to market perform from outperform | Phil Russo | Raymond James | 5.08 | 18.4% |
Raymond James upgraded Silvercorp Metals Inc (TSX: SVM), engaged in the acquisition, exploration, development and mining of silver-related mineral properties in China and Canada, to outperform from market perform with a price target of C$2.26, indicating an upside of 26.3% from current levels.
Mackie Research Capital Corp. initiated coverage on Currency Exchange International Corp (TSX: CXI), engaged in the business of offering products that include foreign currency exchange, travelers’ checks, and international wire payments and also serving financial institutions, corporations, travel companies and hospitality-related companies in Canada and the U.S., with a buy rating assigning a 12-month price target of C$29.50, indicating an upside of 32.3% from current levels.
Coverage on Richmont Mines Inc (TSX: RIC), engaged in the business of owning and operating mine properties located in Ontario and Quebec Canada, was initiated with a buy rating at PI Financial Corp., assigning a 12-month price target of C$5.40, indicating an upside potential of 55.2% from current levels.
ATAC Resources Ltd (TSXV: ATC), engaged in the business of exploring gold in Canada, was downgraded by Raymond James to market perform from outperform by reducing its price target to C$1.00 from C$2.00, implying an upside potential of 61.3% from current levels.
Raymond James downgraded AuRico Gold Inc (TSX: AUQ), engaged in the business of producing gold with mines and projects in North America that have solid production, growth and exploration potential, to market perform from outperform by reducing its price target to C$5.08 from C$5.95, indicating an upside of 18.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Toro Co/The | NYSE | TTC | 66.38 | 3,695.3 | Upgrade to buy from neutral | Joshua Borstein | Longbow Research | 77.00 | 16.0% |
| Sotheby’s | NYSE | BID | 42.44 | 2,928.0 | Upgrade to outperform from market perform | Marc Riddick | Williams Capital Group | 50.00 | 17.8% |
| Vanguard Natural Resources LLC | NASDAQ | VNR | 26.00 | 2,184.2 | Upgrade to buy from neutral | Shneur Z Gershuni | UBS | 27.00 | 3.8% |
| Alamo Group Inc | NYSE | ALG | 48.98 | 554.0 | Intiate with overweight | Michael E Cox | Piper Jaffray | 58.00 | 18.4% |
| Kennametal Inc | NYSE | KMT | 38.75 | 3,065.4 | Downgrade to sell from neutral | Samuel H Eisner | Goldman Sachs | 35.00 | -9.7% |
Longbow Research upgraded Toro Co/The (NYSE: TTC), engaged in designing, manufacturing and marketing a range of turf equipments, to buy from neutral with a price target of $77.00, indicating an upside of 16.0% from current levels.
Sotheby’s (NYSE: BID), engaged in the business of auctioning fine arts, antiques, collectibles and also offering property in a wide variety of collecting categories, was upgraded by Williams Capital Group to outperform from market perform raising its price target to $50.00 from $38.00, indicating an upside potential of 17.8% from current levels.
UBS upgraded Vanguard Natural Resources LLC (NASDAQ: VNR), engaged in the acquisition and development of oil and natural gas properties in the U.S., to buy from neutral with a price target of $27.00, indicating an upside of 3.8% from current levels.
Piper Jaffray initiated coverage on Alamo Group Inc (NYSE: ALG), engaged in designing, manufacturing and distributing heavy duty, tractor-mounted mowing, vegetation maintenance equipment and replacement parts, for industrial and agricultural end-users, with an overweight rating assigning a 12-month price target of $58.00, indicating an upside of 18.4% from current levels.
Kennametal Inc (NYSE: KMT), engaged in manufacturing, purchasing and distributing tools, tooling systems and solutions to the metalworking, mining, oil and energy industries, was downgraded by Goldman Sachs to sell from neutral by reducing its price target to $35.00 from $41.00, implying a downside potential of 9.7% from current levels.
