Upgrades, Downgrades and Target Changes - Sep 18 2012

Company	Rating/Target Change
ArPetrol	Raymond James cuts target to C$0.02 from C$0.06;rating market perform
Aurico Gold	National Bank Financial rates outperform
Brookfield Renewable Energy Partners LP	TD Securities raises to buy from hold
Capstone Mining	National Bank Financial ups target to C$3.50 from C$3.25
Cominar REIT	BMO resumes coverage on with market perform
Copper Mountain Mining	National Bank Financial cuts target to C$4.70 from C$5.20
Copper Mountain Mining	Laurentian Bank cuts target to C$5.60 from C$5.75;rates buy
Counsel Corp	Stonecap Securities starts with outperform; price target C$1.50
Enerplus	BMO raises target price to C$17 from C$15.50; rating marketperform
Essential Energy Services	TD Securities starts with buy rating; target C$3.25
First Quantum Minerals	National Bank Financial ups target to C$24 from C$23
Foraco Int'l	Canaccord Genuity cuts target to C$4.75 from C$5.25; rating buy
Forbes & Manhattan Coal	Canaccord Genuity cuts target to C$2.30 from C$2.40
Gasfrac Energy Services	BMO raises to market perform from underperform
Gibson Energy	National Bank Financial ups target to C$25.50 from C$25
Golden Star Resources	National Bank Financial rates outperform
Goldgroup Mining	Canaccord Genuity cuts target to C$1.65 from C$1.80
Goldgroup Mining	Stonecap Securities cuts target to C$0.85 from C$1.05
Hudbay Minerals	National Bank Financial raises target to C$13 from C$12
International Minerals	National Bank Financial rates sector perform
Ivernia Inc	Dundee securities starts with a buy rating, target price of C$0.20
Lundin Mining	National Bank Financial ups target to C$6.50 from C$5.25
Mercator Minerals	National Bank Financial cuts target to C$0.60 from C$0.70
Novagold	National Bank Financial rates outperform
Rona	Canaccord Genuity cuts target price to C$12 from C$14; rating hold
Rona	National Bank Financial cuts target to C$13 from C$14;rating sector perform
Rona	CIBC raises price target to C$12 from C$10.50; rating sector performer
Sandstorm Metals	National Bank Financial cuts target to C$0.35 from C$0.40
Taseko Mines	National Bank Financial cuts target to C$4.60 from C$4.70
Westshore Terminals	BMO cuts to underperform
Yamana Gold	National Bank Financial rates outperform
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