Upgrades, Downgrades and Target Changes - May 28 2012

Company	Ticker	Rating/Target Change
Advantage Oil and Gas		CIBC cuts price target to C$4.25 from C$4.75
ATAC		Macquarie cuts price target to C$5.75 from C$6.25
Carpathian Gold		Macquarie cuts price target to C$0.90 from C$1
Chesapeake Gold Corp		Stonecap raises price target to C$23 from c$22
Colossus Minerals		Macquarie cuts price target to C$8.25 from C$9
Detour Gold		Macquarie cuts price target to C$33 from C$35
Eastmain		Macquarie cuts price target to C$2 from C$2.50, rating outperform
Extorre Gold Mines		Macquarie cuts target price to C$7.50 from C$10.25 * Glacier Media : Canac
Heroux Devtek		TD securities raises price target to C$11.50 from C$10.50
Inmet Mining		Canaccord Genuity cuts price target to C$70 from C$74, rating buy
Martinrea International		BMO cuts price target to C$12.50 from C$14
Midas Gold		Macquarie cuts price target to C$8.50 from C$9.50, rating outperform
Mirasol		Macquarie cuts price target to C$4.75 from C$6.25, rating outperform
Paramount Resources		TD securities raises to buy from hold
Prodigy Gold		Macquarie cuts price target to C$1.20 from C$1.30, rating outperform
Progress Energy Resources		TD securities raises to buy from hold
Raging River Exploration Inc		TD securities cuts to hold from buy
Rockwell Diamonds		Northland Capital starts with buy
Strategic Metals		Macquarie cuts target to C$2 from C$2.75, rating outperform
Tahoe Resources		Macquarie cuts price target to C$27 from C$28
Torex Gold		Macquarie cuts price target to C$3 from C$3.50, rating outperform
Trilogy Energy Corp		TD securities raises to action list buy from buy
5n Plus Inc		Versant raises to buy (speculative) from neutral
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