Company | Ticker | Rating/Target Change | |||
Canadian Imperial Bank of Commerce |
CM |
cuts target to C$85 from C$86 |
Canaccord genuity |
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CanWel Building Materials | CWX | cuts to hold from buy | Canaccord genuity | ||
Churchill Corp |
CUQ |
raised to Outperform from Market Perform . The 12-month target price is $15.00 per share |
Raymond James |
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Compton Petroleum |
CMT |
target reduced to 5.00 from 7.00 |
Scotia |
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Cogeco Cable |
CCA |
upgrade to sector outperform |
Himalaya Jain |
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First Quantum Minerals Ltd |
FM |
cuts price target to C$31 from C$33 |
Nomura |
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Magna International |
MG |
cut to Neutral from Overweight |
JP Morgan |
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Potash Corp. |
POT |
cut to Neutral from Buy . Sees “less compelling risk reward” on stalling potash fundamentals. |
Goldman |
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RuggedCom Inc |
RCM |
revises opinion to tender from outperform; raises price target to C$33 from C$28 |
National Bank |
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Samafo |
SMF |
targe reduced from 11.00 to 10.00 |
Scotia |
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More information needed? Please Search it... |
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Tuesday, January 31, 2012
Upgrades, Downgrades and Target Changes - Jan 31 2012
Monday, January 30, 2012
Upgrades, Downgrades and Target Changes - Jan 30 2012
Company | Ticker | Rating/Target Change | |||
Agnoco-Eagle Mines |
AEM |
downgraded to Neutral from Buy. The 12-month target price is $44.00 per share |
Dundee |
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AR Resources | ARX | Raised target from $27 to $28 | National Bank | ||
Canadian Natual Resource |
CNQ |
cut to Outperform from Top Pick |
FirstEnergy Capital |
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Canadian Oil Sands |
COS |
cut to Underperform from Market Perform |
FirstEnergy Capital |
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Capstone Mining Corp | CS | raises price target to C$6.60 from C$6.20 | National Bank | ||
Centerra Gold Inc |
CG |
cuts price target to C$32 from C$33 |
CIBC |
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CIBC |
CM |
cuts to C$85.00 from C$86.00 |
Canaccord genuity |
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CIBC |
CM |
raised to Buy from Neutral |
Bank of American |
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European GoldField |
EGU |
cut to Neutral from Conviction Buy |
Goldman Sucks |
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Exco Tech |
XTC |
raises price target to C$5.75 from |
Canaccord genuity |
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First Quantum Minerals |
FM |
cuts price target to C$30 from C$31 |
CIBC |
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Guyanna GoldFields |
GUY |
raised to Speculative Buy from Hold |
TD |
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Hana Mining Ltd |
HMG |
raises price target to C$3.15 from C$3.05 |
Salman Partners |
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HudBay Minerals Inc |
HBM |
cuts price target to C$20 from C$21.50 |
CIBC |
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Husky Energy |
HSE |
raised to Market Perform from Underperform |
FirstEnergy |
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Imperial Metals Corp |
III |
raises price target to C$21 from C$18 |
CIBC |
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Lundin Mining Corp |
LUN |
cuts price target to C$7.50 from C$8 |
CIBC |
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Mercator Minerals Ltd |
ML |
to sector outperformer from sector performer |
CIBC |
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Rio Alto Mining Ltd |
RIO |
raises price target to C$5.80 from C$5 |
CIBC |
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Teck Resources |
RCK.b |
cuts price target to C$65 from C$70 |
CIBC |
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Thompson Creek Metals |
TCM |
raises price target to C$14 from C$13 |
CIBC |
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More information needed? Please Search it... |
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Friday, January 27, 2012
Upgrades, Downgrades and Target Changes - Jan 27 2012
Company | Ticker | Rating/Target Change | |||
Bank of Nova Scotia | BNS | price target cut to C$57 from C$58 | Canaccord Genuity | ||
Boardwalk REIT | BEI.un | target raise from $50.00 to 52.50 | Scotia | ||
Canadian Pacific | CP | rating cut to hold from buy price target raised to C$89 from C$80 | Canaccord Genuity | ||
Canadian Pacific | CP | price target raised to C$70 from C$66 | Barclays | ||
CAP Reit | CAR.UN | Target raise to 22.25 from 20.75 | Scotia | ||
Capstone | CP | target price increased from $3.80to $4.00 | Canaccord Genuity | ||
Cogeco | CGO | raised to Buy from Hold | TD | ||
CogeCo | CGO | target price reduced from $47.00 to $46.00 | CIBC | ||
CogeCo Cable Inc | CCA | Target price reduced from $53.00 to $54.0 | CIBC | ||
CN Rail | CNR | accumulating CNR in the $75-$76 range. targe 80.00 | Scotia | ||
Enbridge | ENB | raised to Sector Outperform from Sector Perform The 18-month target price is $41.00 per share. | CIBC | ||
Killam Properties | KMP | target raise from 11.50 to 12.00 | Scotia | ||
Metro Inc | MRU.a | outperform rating, target 59.00 | National bank | ||
Northern Prop REIT | NPR.un | targe increased from 32.50 to 32.75 | Scotia | ||
Petrobakken Energy | PBN | rating raised to buy from speculative buy | Canaccord Geniuty | ||
Potash | POT | target cut to $58.00 from $60.00 | Canaccord Genuity | ||
Potash | POT | raised to Sector Perform from Underperform The 12-month target price is $46.00 per share. | National Bank | ||
Richelieu | RCH | target raised to $33.00 from 32.00 | National Bank | ||
Richelieu | RCH | target raised from 31.00 to 32.50 | Scotia | ||
Tembec | TMB | target reduced from 4.75 to 4.50 | Scotia | ||
Toromont | TIH | targe increased from 20.50 to22.00 | Scotia | ||
Wild Stream Exploration | WSX | cut to Hold from Buy | Stifel Nicolaus | ||
More information needed? Please Search it... | |||||
Thursday, January 26, 2012
TSX Ex-Dividend Stocks Jan 30 - Feb 3, 2012
Details | Symbol | Yield | Latest Price | Ex-Div Date | Amount | |||
Emera | EMA | 4.1% | $32.8 | 1/30/2012 | $0.34 | Q | ||
MTY Food | MTY | 1.40% | $15.75 | 1/30/2012 | $0.06 | Q | ||
United Corp | UNC | 1.70% | $47.25 | 2/1/2012 | $0.20 | Q | ||
Canadian Utilities | CU | 2.90% | $60.62 | 2/3/2012 | $0.44 | Q | ||
Questions about ex-devidend days? Please do your search... | ||||||||
Upgrades, Downgrades and Target Changes - Jan 26 2012
Company | Ticker | Rating/Target Change | |||
AGF Management |
AGF.B |
cut to Underperform from Market Perform |
BMO |
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Crescent Point Energy Corp | CPG | rating cut to hold from buy | Salman Partners | ||
Great-West Lifeco |
GWO |
target price increased from $23.00 to $24.00 |
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Industrial-Alliance |
IAG |
target price reduced from $37.00 to $31.00 |
Scotia |
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Manulife |
MFC |
Target price reduced from $16.00 to $15.50 |
Scotia |
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Manulife |
MFC |
cut to Neutral from Buy |
UBS |
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Polaris Minerals | PLS | rating cut to hold from speculative buy; price target raised to C$0.60 from C$0.55 | Canaccord Genuity | ||
Sunlife |
SLF |
cut to Neutral from Buy |
UBS |
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Sunlife |
SLF |
Target price reduced from $30.00 to $25.00 |
Scotia |
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Thompson Rueters |
TRI |
cut to Sell from Neutral |
Goldman |
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More information needed? Please Search it... | |||||
Wednesday, January 25, 2012
SIR Royalty Income Fund - My Restaurant Stock Candidate
| I had been an investor of Prime Restaurants Royalty Income Fund (EAT) since Apr 2010 until it was sold to Fairfax. It had a good run on price plus hefty dividends. I would appreciate the timing of buying and Fairfax’s generosity. Since EAT was gone, I am looking for the substitution of restaurant stocks. Similar like my selection for restaurant income funds, the first criterion is high dividend, 10% if possible. Frankly, in most of the cases, it is not wise to buy a stock at 10% or higher dividend as that kind of dividend yield usually means dividend cut is in brewing. (Just like YLO suffered and I am still owning YLO). SIR Royalty Income Fund came into my radar after searching. SIR Royalty had a tough time from second half year of 2009, but it had been improved eventually. Note: information abstracted from SIRCorp.com, GlobeAndMail, TheStars.com MorningStar.com, and my brokers' websites. | ||||||||||||||||||||||||
1. Fundamentals
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2.Growth One Jack Astor's bar to be added to the pool in year 2013. Another two to be open in year 2013. Considering there are only 45 restaurants in the fund’s pool, it is 2% expected growth in term of store number in year 2013. As an important bench mark, SSSG fluctuated and is improving: Period Ended Nov 21, 2010, SSSG +1.1% Period Ended Feb 13, 2011, SSSG -0.8% Period Ended Mar 31, 2011, SSSG -0.68% Payout Ratio: 119.2% Period Ended Jun 30, 2011, SSSG +3.30% Payout Ratio: 94.8% Period Ended Aug 28, 2011, SSSG +3.10% Period Ended Sep 30, 2011, SSSG +3.2% Payout Ratio: 96.1% Period Ended Nov 20, 2011, SSSG +5.6%. Revenue growth 9.8% In the latest three quarters(ended Mar 31,2011, Jun 30, and Sep 30), the fund earned $1.3M, $1.4M, and $1.4M respectively. Cash increased to 6.0M from 5.5M by Nov 20, 2011. Payout ratio was around 95% level. And with the strong SSSG reported, I assume, payout ratio would be lower going forward. In summary, my understanding is the situation was improving in the past year and the trend continues. | ||||||||||||||||||||||||
3. Analyst's Coverage I could not find any analyst's report or coverage on the internet for SIR Fund. Shareholders' wise, there is only on institution and mutual fund share holder. They are under the same name: Norrep. Reported on Dec 31, 2011, Norrep funds hold 273,200 shares, about 5.1% of outstanding shares, the holding was increased a little bit by 58,000 shares since last annual report. It counts 3.66% of Norrep Income Growth Class-F Fund. | ||||||||||||||||||||||||
4. My Entry Point SIR Fund’s price hit the bottom on Jul 26, 2011 at $7.68; it is in the uptrend tunnel since With 10% dividend and sound payout ratio, I think it has the flexibility for holding and trading at the current price level $10.00. I am reluctant to buy it right now since the price has been risen 5.6% and the index risen 4.2% this year as of today Jan 25. I would buy at a pull back, ideally, at the range of $9.50 - $9.60. (I may need to consider the macro economy for restaurant stocks, if I find something I will update this blog). | ||||||||||||||||||||||||
5. Company Information Company website: http://www.sircorp.com SIR Royalty Income Fund (the Fund) is a trust. The trademarks related to the SIR Corp. (SIR) concept restaurant brands, including Jack Astor's Bar and Grill, Alice Fazooli's! and Canyon Creek Chop House, and SIR's signature restaurant brands, including reds, Far Niente/Soul of the Vine, Petit Four, and the Loose Moose Tap & Grill, is used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership) in consideration for a Royalty, payable by SIR to the Partnership. SIR operates 45 Concept Restaurants and Signature Restaurants in Canada (in Ontario, Quebec, Alberta and Nova Scotia). The Concept Restaurants are Jack Astor's Bar and Grill, Canyon Creek Chop House and Alice Fazooli's. The Signature Restaurants are reds, Far Niente/Petit Four and FOUR, and the Loose Moose Tap & Grill. During the year ended December 31, 2009, SIR acquired the non-controlling interest in Jack Astor's Don Mills Limited. | ||||||||||||||||||||||||
Need more info about SIR Loyalty Fund? Please search it... |
Upgrades, Downgrades and Target Changes - Jan 25 2012
Company | Ticker | Rating/Target Change | |||
Bell Aliant Inc | BA | coverage started with sector perform | National | ||
Gennum Corp | GND | price target raised to C$13.55 from C$7.50 | CIBC | ||
Tuesday, January 24, 2012
Upgrades, Downgrades and Target Changes - Jan 24 2012
Company | Ticker | Rating/Target Change | |||
Barrick Gold Corp | ABX | rating cut to sector perform from outperform | RBC | ||
Belo Sun Mining Corp | BSX | price target raised to C$3 from C$2.60 | CIBC | ||
Lake Shore Gold Corp | LSG | rating raised to sector performer from sector underperformer | CIBC | ||
TransAlta Corp | TA | target price cut to C$25 from C$27 | Canaccord | ||
Research In Motion | RIM | upgraded from a "sell" rating to a "hold" rating. have a $18.00 price target. | Deutsche Bank | ||
Research In Motion | RIM | downgraded from a "buy" rating to a "hold" rating. | ThinkEquity | ||
Monday, January 23, 2012
Upgrades, Downgrades and Target Changes - Jan 23 2012
Company | Ticker | Rating/Target Change | |
Biox Copr | BX | rating raised to outperform from sector perform | National Bank |
Exchange Income | EIF | price target raised to C$30 from C$28 | National Bank |
MAG Silver Corp | MAG | price target raised to C$16 from C$14 | Canaccord |
Royal Bank | RY | price target raised to C$59 from C$58 | Canaccord |
Canadian Pacific Railway Limited | CP | had its “market perform” rating re-affirmed. have a $75.00 price target | BMO |
Saturday, January 21, 2012
Upgrades, Downgrades and Target Changes - Jan 20 2012
Company | Ticker | Rating/Target Change | |
ATS Automation Tooling Systems INc | ATA | Rating change from Sector perform to Secor Outperform | Scotia Capital |
Bonavista Energy Corp | BNP | target cut to C$29 from C$30 | Canaccord |
Centerra Gold Inc | CG | cut to C$24 from C$25 | Canaccord |
Cominar REIT | CUF.UN | Target raised to $25 | Scotia |
Cogeco Cable Inc | CCA | increased to $54 from $53 | Scotia |
Delphi Energy Corp | DEE | raised to buy from hold; price target raised to C$3 from C$2.25 | Canaccord |
IBG Group | IBG | Rating Change from Sector Outperform to Sector Perform | Scotia Capital |
Nuvista Energy Ltd | NVA | price target raised to C$6.75 from C$6.25 | Canaccord |
North American Palladium | PAL.A | Rating Change from Sector Outperform to Sector Perform | Scotia Capital |
Rating Change from Sector Outperform to Sector Perform | PDL | Rating Change from Sector Outperform to Sector Perform | Scotia Capital |
Paramount Resource Ltd | POU | price target cut to C$44 from C$48 | Canaccord |
Petrobakken Energy | PBN | price target raised to C$18 from C$16 | Barclays |
PBN | price target raised to C$21 from C$18 | Canaccord | |
Viterra Inc | VT | Rating Change from Sector Outperform to Sector Perform | ScotiaBank |
Thursday, January 19, 2012
TSX Ex-Dividend Stocks Jan 23 - 27, 2012
Details | Symbol | Yield | Latest Price | 52wk range | Ex-Div Date | Amount | |
AltaGas Ltd | ATA | 4.6% | 29.76 | 32.67-21.25 | 1/23/2012 | $0.12 | Q |
Pembina Pipeline | PPL | 5.70% | 27.36 | 31.15-20.64 | 1/23/2012 | $0.13 | M |
Provident Energy | PVE | 4.70% | 11.52 | 11.61-6.84 | 1/23/2012 | $0.045 | M |
Coast Wholesale Appliance | CWA | 10.60% | 3.9 | 5.25-2.12 | 1/24/2012 | $0.035 | M |
Royal Bank | RY | 4.10% | 53.10 | 61.53-43.3 | 1/24/2012 | $0.54 | Q |
Sprott Resource Lending | SIL | 4.00% | 1.57 | 1.9-1.24 | 1/25/2012 | $0.015 | Q |
SCITI Trust | SIN.UN | 8.00% | 13.27 | 14.35-10.95 | 1/25/2012 | $0.08 | M |
Canadian Tire | CTC.A | 1.9% | 63.66 | 67.15-51.8 | 1/27/2012 | $0.30 | Q |
Contrans Group | CSS | 4.70% | 8.50 | 10.40-5.92 | 1/27/2012 | $0.10 | Q |
Pure Energy Services | PSV | 4.2% | 8.54 | 9.10-5.13 | 1/27/2012 | $0.09 | Q |
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