Recommendations for March 15, 2007 - The BombThe Bomb
Alamos Gold Inc.
Upgraded to Outperform Due to Sell-off; Mulatos Prepares for Better Second Year of Commercial Production
Price (13-Mar)
$7.64 52-Week High $12.00
Target Price
$9.50 52-Week Low $6.95
C. Miller
Breaker Energy
Upgraded to Outperform on Attractive Valuations with Share Price Weakness
Price (14-Mar)
$4.96 52-Week High $7.50
Target Price
$6.50 52-Week Low $4.45
M. Leggett
Fortis Inc. Fortis, You've Come a Long Way; Resuming Coverage with Outperform Rating
Price (14-Mar)
$27.10 52-Week High $30.00
Target Price
$31.00↑ 52-Week Low $20.36
K. Taylor
First Quantum Minerals Ltd.
Q4/06 Well Below Expectations Due to Delayed Shipments; Estimates Adjusted, No Change in View
Price (14-Mar)
$63.49 52-Week High $72.65
Target Price
$75.00 52-Week Low $36.93
V. Lazarovici
Bonavista Energy Trust
2006 Results in Line; FD&A Efficiency Maintained
Price (14-Mar)
$28.65 52-Week High $38.34
Target Price
$30.00 52-Week Low $24.52
G. Tait
Denison Mines Ltd.
2006 Results Slightly Below Expectations
Price (14-Mar)
$13.50 52-Week High $16.30
Target Price
$17.25 52-Week Low $13.50
J. Turner
Western Refining, Inc.
Strong Results, Strong Margins; Target Price Raised to US$38
Price (14-Mar)
$34.64 52-Week High $35.00
Target Price
$38.00↑ 52-Week Low $16.08
J. Byrne
Phelps Dodge Corp.
Coverage Discontinued
Price (13-Mar)
$125.71 52-Week High $128.00
Target Price
na 52-Week Low $71.20
V. Lazarovici
Transat AT Best Q1 Ever; Raising Target Price to $39
Price (13-Mar)
$32.74 52-Week High $36.21
Target Price
$39.00↑ 52-Week Low $20.00
C. Proulx
Golden Star Resources Ltd.
Q4/06 Financial Results; Resuming Coverage with an Outperform Rating
Price (14-Mar)
$4.70 52-Week High $5.03
Target Price
$5.75 52-Week Low $2.64
H. Douglas
Minefinders Corporation
Site Visit to Dolores Project, Mexico; Considerable Progress on Construction Since January
Price (12-Mar)
$13.10 52-Week High $13.73
Target Price
$20.00 52-Week Low $13.10
C. Miller
Celtic Exploration Ltd.
Q4/06 Results in Line with Expectations
Price (14-Mar)
$12.20 52-Week High $14.80
Target Price
$16.00 52-Week Low $11.51
K. Porteous
Xceed Mortgage Corp.
Strong Q1/07 Results; Target Price Raised to $7.25
Price (14-Mar)
$6.59 52-Week High $10.08
Target Price
$7.25↑ 52-Week Low $4.65
A. Shah
CML Healthcare Income Fund
Q4/06 Results Up on Soft Adjustments; Target and Estimates Raised to Reflect Acquisitions
Price (14-Mar)
$13.83 52-Week High $16.39
Target Price
$14.75↑ 52-Week Low $10.61
P. Bir
Zargon Energy Trust
2006 Results in Line; Higher Costs Weigh on Outlook
Price (14-Mar)
$25.45 52-Week High $34.75
Target Price
$27.00 52-Week Low $23.80
C. Renkas
Innergex Power Income Fund
2006 Results Slightly Below Expectations; Market Perform Rating Maintained
Price (14-Mar)
$13.20 52-Week High $14.99
Target Price
$11.50 52-Week Low $13.20
K. Taylor/
M. McGowan