Upgrades, Downgrades and Target Changes - Jan 20 2014

Company	Rating/Target Change
AGF Management	CIBC ups target to C$13.50 from C$12.50; rating sector performer
Alamos Gold	Canaccord cuts target price to C$16 from C$20; rating buy
Argonaut Gold	Canaccord Genuity raises target price to C$8 from C$6.75
Baylin Technologies	Raymond James starts with outperform; price target C$9
B2gold Corp	Canaccord cuts target price to C$3.50 from C$4; rating buy
Cameco Corp	TD Securities ups to buy from hold; raises target to C$31 from C$22
Churchill Corp	TD Securities raises target price to C$12 from C$9
Detour Gold Corp	Canaccord raises target to C$4.25 from C$2.50; rating sell
Dollarama Inc	Raymond James raises price targetto C$90 from C$85
Dollarama Inc	Scotia Capital cuts price targetto C$96 from C$97
Fortuna Silver Mines	Canaccord Genuity cuts target price to C$5 from C$5.25
New Gold	Canaccord raises target price to C$7 from C$5.75; rating hold
Pan American Silver	Canaccord raises target to C$14.25 from C$11:50; rating hold
Pan American Silver	Deutsche Bank raises to buy from hold
Sandstorm Gold	Canaccord Genuity cuts target price to C$7 from C$7.50
Strategic Oil and Gas	Raymond James cuts price target to C$0.75 from C$1.20
Taseko Mines	TD Securities ups to buy from hold; ups target to C$3.50 fromC$2.75
Total Energy Services	CIBC raises price target to C$21 from C$19.50
Tricon Capital Group	NBF starts with outperform; price target C$10
Turquoise Hill Resources	TD Securities raises target price to C$4.50 from C$3.25
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