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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Stuart Olson Inc | TSX | SOX | 6.67 | 166.8 | Upgrade to outperform from sector perform | Chris Murray | Alta Corp Capital Inc. | 12.00 | 79.9% |
| Endeavour Silver Corp | TSX | EDR | 3.24 | 330.4 | Upgrade to sector outperform from sector perform | Leon Esterhuizen | CIBC World Markets | 4.40 | 35.8% |
| Dundee Precious Metals Inc | TSX | DPM | 3.32 | 466.5 | Upgrade to sector outperform from sector perform | Leon Esterhuizen | CIBC World Markets | 4.80 | 44.6% |
| Petrowest Corp | TSX | PRW | 0.70 | 124.0 | Downgrade to hold from buy | Yuri Lynk | Canaccord Genuity Corp | 0.75 | 7.1% |
| Copper Mountain Mining Corp | TSX | CUM | 1.27 | 150.9 | Downgrade to sell from neutral | Joseph Gallucci | Dundee Securities Corp | 0.90 | -29.1% |
Alta Corp Capital Inc. upgraded Stuart Olson Inc (TSX: SOX), engaged in providing building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to public and private sector clients, to outperform from sector perform by raising its price target to C$12.00 from C$11.00, indicating an upside potential of 79.9% from current levels.
Endeavour Silver Corp (TSX: EDR), engaged in the business of growing its silver production, reserves and resources in Mexico, was upgraded by CIBC World Markets to sector outperform from sector perform by raising its price target to C$4.40 from C$3.80, indicating an upside of 35.8% from current levels.
CIBC World Markets upgraded Dundee Precious Metals Inc (TSX: DPM), engaged in the acquisition, exploration and development of gold mining properties, to sector outperform from sector perform by raising its price target to C$4.80 from C$3.80, indicating an upside potential of 44.6% from current levels
Canaccord Genuity Corp downgraded Petrowest Corp (TSX: PRW), engaged in providing pre-drilling and post completion services to the northern region of the Western Canadian Sedimentary Basin, to hold from buy by reducing its price target to C$0.75 from C$1.35, indicating an upside of 7.1% from current levels.
Copper Mountain Mining Corp (TSX: CUM), engaged in the exploration and development of mineral properties with main interest in copper mining project, was downgraded by Dundee Securities Corp to sell from neutral by reducing its price target to C$0.90 from C$1.90, indicating a downside of 29.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Republic Bancorp Inc/KY | NASDAQ | RBCAA | 24.04 | 500.42 | Upgrade to hold from underweight | Neil Fonseca | EVA Dimensions | NA | NA |
| Changyou.com Ltd | NASDAQ | CYOU | 26.18 | 1,383.28 | Upgrade to outperform from neutral | Jialong Shi | Credit Suisse | 36.00 | 37.5% |
| Scorpio Bulkers Inc | NYSE | SALT | 2.06 | 371.42 | Initiate with attractive | Devanshu Saluja | Drewry Financial Services Ltd | 2.90 | 40.8% |
| Navios Maritime Holdings Inc | NYSE | NM | 4.03 | 420.73 | Initiate with attractive | Devanshu Saluja | Drewry Financial Services Ltd | 6.20 | 53.8% |
| CTC Media Inc | NASDAQ | CTCM | 4.75 | 739.87 | Downgrade to sell from neutral | Daria Fomina | Goldman Sachs | 3.00 | -36.8% |
EVA Dimensions upgraded Republic Bancorp Inc/KY (NASDAQ: RBCAA), engaged in the banking business by attracting deposits from the general public and originating a variety of commercial and consumer loans, to hold from underweight. The rating company did not provide target price for the company’s stock.
Changyou.com Ltd (NASDAQ: CYOU), engaged in developing online computer games, was upgraded by Credit Suisse to outperform from neutral by raising its price target to $36.00 from $27.00, indicating an upside potential of 37.5% from current levels.
Drewry Financial Services Ltd initiated coverage on Scorpio Bulkers Inc (NYSE: SALT), engaged in owning and operating a fleet of modern mid-sized to large sized dry bulk carriers, with an attractive rating assigning a 12-month price target of $2.90, indicating an upside of 40.8% from current levels.
Coverage on Navios Maritime Holdings Inc (NYSE: NM), engaged in offering maritime freight transportation services, was initiated with an attractive rating at Drewry Financial Services Ltd by assigning a 12-month price target of $6.20, indicating an upside potential of 53.8% from current levels
CTC Media Inc (NASDAQ: CTCM), engaged in owning and operating television stations and broadcasting television networks, was downgraded by Goldman Sachs to sell from neutral by reducing its price target to $3.00 from $6.10, indicating a downside of 36.8% from current levels.
