Today we have
highlighted several stocks that have either received an analyst upgrade or
downgrade, including one with upside potential of nearly 190%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Golden Reign Resources Ltd | TSXV | GRR | 0.19 | 17.8 | Initiate with buy | Brian Szeto | PI Financial Corp. | 0.55 | 189.5% |
| Integra Gold Corp | TSXV | ICG | 0.21 | 28.4 | Initiate with speculative buy | Peter Campbell | Jennings Capital | 0.50 | 138.1% |
| Questor Technology Inc | TSXV | QST | 3.50 | 89.4 | Initiate with buy | James Reid | Haywood Securities Inc. | 5.00 | 42.9% |
| Sierra Metals Inc | TSX | SMT | 1.67 | 265.9 | Initiate with buy | Christos Doulis | PI Financial Corp. | 2.60 | 55.7% |
| Agnico Eagle Mines Ltd | TSX | AEM | 44.88 | 9,392.3 | Downgrade to hold from buy | George V Albino | GMP | 46.00 | 2.5% |
PI Financial Corp. initiated coverage on two metals and mining companies, Golden Reign Resources Ltd (TSXV: GRR) and Sierra Metals Inc (TSX: SMT), with a buy rating for both the stocks. The rating firm assigned a 12-month price target of C$0.55 to GRR and C$2.60 to SMT indicating an upside of 189.5% and 55.7% for each stock respectively.
Coverage on Integra Gold Corp (TSXV: ICG), a Canada-based exploration-stage resource company focused on exploration and development of its high-grade Lamaque Gold Project, was initiated with a speculative buy at Jennings Capital with a 12-month price target of C$0.50, indicating an upside of 138.1% from current levels.
Haywood Securities Inc. initiated coverage on Questor Technology Inc (TSXV: QST), an international environmental oilfield services provider focused on clean air technologies, with a buy rating assigning a 12-month price target of C$5.00, indicating an upside of 42.9% from current levels.
GMP downgraded Agnico Eagle Mines Ltd (TSX: AEM), a Canada-based international gold producer, to hold from buy with a price target of $46.00, indicating an upside of 2.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Higher One Holdings Inc | NYSE | ONE | 4.15 | 197.4 | Upgrade to overweight from overweight | Michael J Grondahl | Piper Jaffray | 6.50 | 56.6% |
| Diana Shipping Inc | NYSE | DSX | 9.20 | 762.1 | Upgrade to buy from hold | Benjamin J Nolan | Stifel | 12.00 | 30.4% |
| Matador Resources Co | NYSE | MTDR | 27.84 | 2,040.8 | Upgrade to outperform from market perform | Dan McSpirit | BMO Capital Markets | 32.00 | 14.9% |
| Carrizo Oil & Gas Inc | NASDAQ | CRZO | 65.09 | 2,960.9 | Initiate with outperform | David Amoss | Iberia Capital Partners LLC | 77.00 | 18.3% |
| Trulia Inc | NYSE | TRLA | 62.20 | 2,296.7 | Downgrade to hold from buy | Lloyd Walmsley | Deutsche Bank | 71.00 | 14.1% |
Piper Jaffray upgraded Higher One Holdings Inc (NYSE: ONE), a provider of technology and payment services to the higher education industry, to overweight from underweight with a 12-month price target of $6.50, indicating an upside of 56.6% from current levels.
Diana Shipping Inc (NYSE: DSX), a global provider of shipping transportation services engaged in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials, was upgraded to buy from hold at Stifel with a price target of $12.00, indicating an upside of 30.4% from current levels.
BMO Capital Markets upgraded Matador Resources Co (NYSE: MTDR), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, to outperform from market perform increasing its price target to $32.00 from $28.00, indicating an upside of 14.9% from current levels.
Iberia Capital Partners LLC initiated coverage on Carrizo Oil & Gas Inc (NASDAQ: CRZO), an independent energy company engaged in the exploration, development, and production of oil and gas, with an outperform rating with a 12-month price target of $77.00, indicating an upside of 18.3% from current levels.
Deutsche Bank downgraded Trulia Inc (NYSE: TRLA), a real estate search engine company offering a suite of free and subscription products, to hold from buy with a price target of $71.00, indicating an upside of 14.1% from current levels.
