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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Kirkland Lake Gold Inc | TSX | KGI | 4.28 | 308.5 | Upgrade to sector perform from sector underperform | Cosmos Chiu | CIBC World Markets | 4.50 | 5.1% |
| Golden Queen Mining Co Ltd | TSX | GQM | 1.53 | 152.7 | Upgrade to buy from market perform | Kyle McPhee | Cormark Securities Inc. | 1.85 | 20.9% |
| Baylin Technologies Inc | TSX | BYL | 3.22 | 60.4 | Initiate with buy | Richard Tse | Cormark Securities Inc. | 5.00 | 55.3% |
| Centerra Gold Inc | TSX | CG | 6.39 | 1,510.6 | Downgrade to reduce from hold | Greg Barnes | TD Securities | 6.00 | -6.1% |
CIBC World Markets upgraded Kirkland Lake Gold Inc (TSX: KGI), engaged in the business of mining for gold, to sector perform from sector underperform by raising its price target to C$4.50 from C$3.50, indicating an upside potential of 5.1% from current levels.
Golden Queen Mining Co Ltd (TSX: GQM), engaged in the exploration of gold, was upgraded by Cormark Securities Inc. to buy from market perform by increasing its price target to C$1.85 from C$0.90, indicating an upside potential of 20.9% from current levels.
Coverage on Baylin Technologies Inc (TSX: BYL), engaged in providing antenna solutions, was initiated with a buy rating at Cormark Securities Inc. by assigning a 12-month price target of C$5.00, indicating an upside potential of 55.3% from current levels.
TD Securities downgraded Centerra Gold Inc (TSX: CG), engaged in the acquisition, exploration and development of gold properties primarily in Central Asia, to reduce from hold by reducing its price target to C$6.00 from C$7.50, indicating a downside of 6.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| NYSE Mortgage Trust Inc | NASDAQ | NYMT | 7.6 | 798.72 | Upgrade to buy from neutral | David Walrod | Ladenburg Thalmann & Co | 8.25 | 8.6% |
| BGC Partners Inc | NASDAQ | BGCP | 8.62 | 1,892.57 | Upgrade to outperform from market perform | Niamh Alexander | Keefe, Bruyette & Woods | 10.00 | 16.0% |
| EnPro Industries Inc | NYSE | NPO | 62.98 | 1,510.71 | Upgrade to buy from hold | Jeffrey D Hammond | KeyBanc Capital Markets | 75.00 | 19.1% |
| Waste Connections Inc | NYSE | WCN | 46.13 | 5,719.41 | Initiate with sell | Darryl McCoubrey | Veritas Investment Research Co | 43.50 | -5.7% |
| MAXIMUS Inc | NYSE | MMS | 58.26 | 3,836.98 | Downgrade to equalweight from overweight | Frank Sparacino | First Analysis Corp | 61.00 | 4.7% |
Ladenburg Thalmann & Co upgraded NYSE Mortgage Trust Inc (NASDAQ: NYMT), engaged in the acquisition and management of real estate related assets, to buy from neutral with a price target of $8.25, indicating an upside potential of 8.6% from current levels.
BGC Partners Inc (NASDAQ: BGCP), engaged in providing brokerage services to the financial and real estate markets, was upgraded by Keefe, Bruyette & Woods to outperform from market perform by increasing its price target to $10.00 from $9.00, indicating an upside potential of 16.0% from current levels.
KeyBanc Capital Markets upgraded EnPro Industries Inc (NYSE: NPO), engaged in designing, developing, manufacturing and marketing engineered industrial products, to buy from hold with a price target of $75.00, indicating an upside potential of 19.1% from current levels.
Veritas Investment Research Co initiated coverage on Waste Connections Inc (NYSE: WCN), engaged in providing solid waste collection, transfer, disposal and recycling services in secondary markets of the western U.S. , with a sell rating assigning a 12-month price target of $43.50, indicating a downside of 5.7% from current levels.
MAXIMUS Inc (NYSE: MMS), engaged in providing program management and consulting services to state and local governments throughout the U.S., was downgraded by First Analysis Corp to equal weight from overweight with a price target of $61.00, indicating an upside of 4.7% from current levels.
