CANADA RESEARCH ROUNDUP-Hudbay Minerals, Sherritt International, Transcontinental
17 minutes ago by Thomson Reuters
May 27 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Augusta Resource, Hudbay Minerals and Transcontinental Inc, on
Tuesday.
HIGHLIGHTS
* Augusta Resource :Canaccord Genuity, National Bank Financial cuts target on stock
* Hudbay Minerals Inc : CIBC cuts to sector performer from sector outperformer
* Transcontinental Inc : RBC cuts to sector perform from outperform
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Absolute Software : TD Securities raises to action list buy from buy rating
* Africa Oil Corp : Credit Suisse cuts target to C$11 from C$11.50;rating outperform
* Altius Minerals Corp : Raymond James starts with outperform; target of C$19.50
* Augusta Resource :Canaccord Genuity cuts target to C$3.50 from C$4;speculative buy
* Augusta Resource : National Bank Financial cuts target to C$4.10 from C$4.40
* Birchcliff Energy : Raymond James resumes coverage with outperform; target C$17.50
* Black Diamond Group : Acumen Capital raises target to C$37 from C$34; rating buy
* First Quantum Minerals : CIBC raises price target to C$28 from C$25
* Hudbay Minerals Inc : CIBC cuts to sector performer from sector outperformer
* Pan Orient Energy Corp : Jennings starts with buy; price target C$3.75
* Pinecrest Energy : Paradigm Capital cuts target to C$0.10 from C$0.20; rating hold
* Thompson Creek Metals Company : CIBC raises price target to c$4 from c$3.50
* Saputo : BMO raises target price to C$66 from C$57; rating outperform
* Sherritt International : CIBC raises to sector outperformer from sector performer
* Sherritt International : CIBC raises price target to c$6.50 from c$5
* Torex Gold Resources : Dundee raises price target to C$2 from C$1.75; rating buy
* Transcontinental Inc : RBC cuts to sector perform from outperform
* Transforce : Cowen And Company starts with outperform; price target of C$26
(Compiled by Fareha Khan and Jai Ganesh in Bangalore)