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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| New Gold Inc | TSX | NGD | 4.09 | 2,063.5 | Upgrade to hold from sell | Barry D Allan | Mackie Research Capital Corp. | 4.50 | 10.0% |
| OceanaGold Corp | TSX | OGC | 1.84 | 554.4 | Upgrade to buy from market perform | Mike Kozak | Cormark Securities Inc. | 4.00 | 117.4% |
| CT Real Estate Investment Trust | TSX | CRT-U | 11.45 | 1,031.2 | Initiate with market perform | Troy Maclean | BMO Capital Markets | 12.00 | 4.8% |
| Petromanas Energy Inc | TSXV | PMI | 0.09 | 62.4 | Downgrade to neutral from outperform | Brian Bagnell | Macquarie | 0.40 | 344.4% |
| Teranga Gold Corp | TSX | TGZ | 0.44 | 155.2 | Downgrade to sector perform from outperform | Jonathan Guy | RBC Capital Markets | 0.70 | 59.1% |
Mackie Research Capital Corp. upgraded New Gold Inc (TSX: NGD), engaged in the acquisition, exploration and development of gold properties, to hold from sell with a price target of C$4.50, indicating an upside of 10.0% from current levels.
OceanaGold Corp (TSX: OGC), engaged in the exploration, development and operation of gold and other mineral mining activities, was upgraded by Cormark Securities Inc. to buy from market perform raising its price target to C$4.00 from C$3.25, indicating an upside potential of 117.4% from current levels.
BMO Capital Markets initiated coverage on CT Real Estate Investment Trust (TSX: CRT-U), engaged in the business of owning income producing commercial properties located primarily in Canada, with a market perform rating assigning a 12-month price target of C$12.00, indicating an upside of 4.8% from current levels.
Macquarie downgraded Petromanas Energy Inc (TSXV: PMI), engaged in exploring oil and natural gas in Albania, to neutral from outperform with a price target of C$0.40, indicating an upside of 344.4% from current levels.
Teranga Gold Corp (TSX: TGZ), engaged in the exploration, production and sale of gold, was downgraded by RBC Capital Markets to sector perform from outperform by reducing its price target to C$0.70 from C$1.00, implying an upside potential of 59.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| MPLX LP | NYSE | MPLX | 66.68 | 4,928.9 | Upgrade to sector outperform from sector perform | Richard Roberts Jr | Howard Weil Inc | 79.00 | 18.5% |
| Orion Marine Group Inc | NYSE | ORN | 10.96 | 301.6 | Upgrade to outperform from in-line | Scott Levine | Imperial Capital LLC | 13.00 | 18.6% |
| AXT Inc | NASDAQ | AXTI | 2.36 | 77.1 | Upgrade to outperform from market perform | Thomas Sepenzis | Northland Securities Inc | 4.00 | 69.5% |
| Daqo New Energy Corp | NYSE | DQ | 38.92 | 347.8 | Initiate with buy | Philip Shen | Roth Capital Partners | 80.00 | 105.5% |
| Avon Products Inc | NYSE | AVP | 10.40 | 4,520.4 | Downgrade to neutral from buy | Linda Bolton Weiser | B Riley & Co | 11.00 | 5.8% |
Howard Weil Inc upgraded MPLX LP (NYSE: MPLX), engaged in acquiring, owning, operating and developing crude oil, refined products, other hydrocarbon-based product pipelines and other midstream assets, to sector outperform from sector perform raising its price target to $79.00 from $62.00, indicating an upside of 18.5% from current levels.
Orion Marine Group Inc (NYSE: ORN), engaged in offering marine construction services, was upgraded by Imperial Capital LLC to outperform from in-line raising its price target to $13.00 from $12.00, indicating an upside potential of 18.6% from current levels.
Northland Securities Inc upgraded AXT Inc (NASDAQ: AXTI), engaged in producing semiconductor substrates for a variety of electronic and optoelectronic applications by using its proprietary crystal growth technique, to outperform from market perform with a price target of $4.00, indicating an upside of 69.5% from current levels.
Roth Capital Partners initiated coverage on Daqo New Energy Corp (NYSE: DQ), engaged in manufacturing polysilicon, with a buy rating assigning a 12-month price target of $80.00, indicating an upside of 105.5% from current levels.
Avon Products Inc (NYSE: AVP), engaged in manufacturing and marketing beauty and related products, was downgraded by B Riley & Co to neutral from buy by reducing its price target to $11.00 from $16.00, implying an upside potential of 5.8% from current levels.
