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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Kinross Gold Corp | TSX | K | 4.34 | 4,966.8 | Upgrade to buy from hold | Barry D Allan | Mackie Research Capital Corp. | 6.00 | 38.2% |
| IAMGOLD Corp | TSX | IMG | 4.09 | 1,540.9 | Upgrade to buy from neutral | Joseph Reagor | Roth Capital Partners | 4.64 | 13.4% |
| Alamos Gold Inc | TSX | AGI | 10.46 | 1,332.2 | Upgrade to outperform from neutral | Michael Gray | Macquarie | 13.50 | 29.1% |
| Canyon Services Group Inc | TSX | FRC | 16.09 | 1,102.1 | Upgrade to sector outperform from sector perform | Jon Morrison | CIBC World Markets | 22.00 | 36.7% |
| SilverCrest Mines Inc | TSX | SVL | 2.22 | 263.6 | Initiate with buy | Matt O’Keefe | Dundee Securities Corp | 2.75 | 23.9% |
Mackie Research Capital Corp. upgraded Kinross Gold Corp (TSX: K), engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, to buy from hold with a price target of C$6.00, indicating an upside of 38.2% from current levels.
Roth Capital Partners (ROTH) upgraded IAMGOLD Corp (TSX: IMG), a mining company with interests include five operating gold mines, a niobium mine, a diamond royalty, and exploration and development projects located in Africa and the Americas, to buy from neutral increasing its price target to C$4.64 from C$3.53, indicating an upside of 13.4% from current levels.
Alamos Gold Inc (TSX: AGI), engaged in the acquisition, exploration, development and extraction of precious metals, was upgraded to outperform from neutral at Macquarie increasing its price target to C$13.50 from C$12.00, indicating an upside of 29.1% from current levels.
CIBC World Markets upgraded Canyon Services Group Inc (TSX: FRC), a provider of specialized stimulation services to exploring for and producing (E&P) Companies operating in the Western Canadian Sedimentary Basin, to sector outperform from sector perform with a price target of C$22.00, indicating an upside of 36.7% from current levels.
Dundee Securities Corp initiated coverage on SilverCrest Mines Inc (TSX: SVL), engaged in the acquisition, exploration and development of mineral properties in Mexico and Central America, with a buy rating assigning a 12-month price target of C$2.75, indicating an upside of 23.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Oil States International Inc | NYSE | OIS | 62.68 | 3,389.8 | Upgrade to outperform from neutral | James Wicklund | Credit Suisse | 72.00 | 14.9% |
| Synergy Resources Corp | NYSE | SYRG | 12.22 | 948.5 | Upgrade to buy from hold | Michael S Scialla | Stifel | 13.00 | 6.4% |
| United States Steel Corp | NYSE | X | 34.00 | 4,934.2 | Upgrade to buy from hold | Philip Gibbs | KeyBanc Capital Markets | 48.00 | 41.2% |
| Alcobra Ltd | NASDAQ | ADHD | 17.60 | 240.0 | Initiate with overweight | Dr Charles C Duncan | Piper Jaffray | 42.00 | 138.6% |
| Audience Inc | NASDAQ | ADNC | 8.11 | 181.4 | Downgrade to neutral from buy | Jay Srivatsa | Chardan Capital Markets | 9.00 | 11.0% |
Credit Suisse upgraded Oil States International Inc (NYSE: OIS), a provider of specialty products and services to natural resources companies, to outperform from neutral increasing its price target to $72.00 from $59.00, indicating an upside of 14.9% from current levels.
Synergy Resources Corp (NYSE: SYRG), an oil and gas operator in Colorado focused on the acquisition, development, exploitation, exploration and production of oil and natural gas properties, was upgraded to buy from hold at Stifel with a price target of $13.00, indicating an upside of 6.4% from current levels.
KeyBanc Capital Markets upgraded United States Steel Corp (NYSE: X), an integrated steel producer of flat-rolled and tubular products, to buy from hold with a price target of $48.00, indicating an upside of 41.2% from current levels.
Piper Jaffray initiated coverage on Alcobra Ltd (NASDAQ: ADHD), an Israel-based biopharmaceutical company focused in the development and commercialization of a proprietary drug, MG01CI, to treat Attention Deficit Hyperactivity Disorder (ADHD), with an overweight rating assigning a 12-month price target of $42.00, indicating an upside of 138.6% from current levels.
Chardan Capital Markets downgraded Audience Inc (NASDAQ: ADNC), a provider of voice and audio solutions that improve voice quality and the user experience in mobile devices, to neutral from buy lowering its price target to $9.00 from $13.00, indicating an upside of 11% from current levels.
