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UPDATE: Scotia Capital Markets Cuts PT to $2 on Golden Star Resources; High Costs Persist
Wednesday, May 16, 2012 - 10:05amScotia Capital Markets cuts its price target from $2.25 to $2 on Golden Star Resources (NYSE: GSS) as it reiterates its Sector Perform rating on shares. Scotia Capital Markets comments, "Golden Star is trading at a discount to our conservative valuation, but we continue to rate the shares 2-...
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UPDATE: Scotia Capital Markets Raises PT to $50 on Silver Wheaton Corp; Solid Q1
Wednesday, May 16, 2012 - 10:05amScotia Capital Markets raises its price target on Silver Wheaton Corp (NYSE: SLW) from $47 to $50. Scotia Capital Markets notes, "Silver Wheaton reported Q1/12 adjusted EPS of $0.41, slightly ahead of our estimate of $0.39 and in line with consensus. Silver Wheaton also declared a quarterly...
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UPDATE: Scotia Capital Markets Raises PT to $9.50 on Fibria Celulose SA; Pulp Prices Bottomed, Moving Up
Wednesday, May 16, 2012 - 9:40amScotia Capital Markets raises its one-year price target on Fibria Celulose SA (NYSE: FBR) from $9 to $9.50. Scotia Capital Markets notes, "The R$77M EBITDA variance versus our estimate stems primarily from lower-thanexpected net realized prices (R$45M, including a less favourable geographic mix...
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UPDATE: Scotia Capital Markets Cuts PT to $28 on Intrepid Potash; Clean Q1 Miss
Monday, May 7, 2012 - 10:33amScotia Capital Markets lowers its 12-month target on Sector-Outperform-rated Intrepid Potash (NYSE: IPI) from $30 to $28 following the company's Q1 EPS miss. Scotia Capital Markets says, "IPI fell 8% yesterday, compared to the group that was down 1%, on average. While we acknowledge that the...
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UPDATE: Scotia Capital Markets Raises PT to $106 on SXC Health Solutions; PBM Shift Opportunity
Monday, May 7, 2012 - 10:33amScotia Capital Markets raises its price target from $103 to $106 on Sector-Perform-rated SXC Health Solutions (NASDAQ: SXCI). Scotia Capital Markets notes, "In our view, SXC remains a growth story with good defensive characteristics, given its exposure to the healthcare market. Potential upside...
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UPDATE: Scotia Capital Markets Raises Target to $30 on Intrepid Potash
Tuesday, February 21, 2012 - 2:20pmScotia Capital Markets reiterates its Outperform rating on Intrepid Potash (NYSE: IPI) and raises its price target to $30 from $28 as EPS beat estimates for Q4. Scotia Capital Markets says, "IPI's strong Q4 results, coupled with POT's weak Q4, strengthens our argument to "Buy America", or to...
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UPDATE: Scotia Capital Markets Raises Target to $130 on EOG Resources
Tuesday, February 21, 2012 - 2:15pmScotia Capital Markets raises its price target on Perform-rated EOG Resources (NYSE: EOG) following solid results and continued success on Eagle Ford. Scotia Capital Markets says, "Despite in-line volumes of 442 mboe/d, CFPS of $4.72 was ahead of our estimate of $4.19 (cons. at $4.37) on stronger...
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UPDATE: Scotia Capital Markets Raises Target to $215 on CF Industries
Tuesday, February 21, 2012 - 2:11pmScotia Capital Markets raises its target on Outperform-rated CF Industries (NYSE: CF) to $215 from $190 as the company reports a record Q4. Scotia Capital Markets quotes three reasons for the increase: "First, despite recent turbulence, the nitrogen outlook continues to improve for NA producers,...
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UPDATE: Scotia Capital Markets Cuts PT to $63 on Barrick Gold Corporation
Tuesday, February 21, 2012 - 1:58pmScotia Capital Markets lowers its price target on Outperform-rated Barrick Gold Corporation (NYSE: ABX) following Q4 results, 2012 guidance and updated reserve/resource estimates. Scotia Capital Markets says, "Adjusted EPS of $1.17, vs our estimate of $1.30 and the consensus estimates range of...
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UPDATE: Scotia Capital Markets Raises Target on Apache to $110
Tuesday, February 21, 2012 - 1:53pmScotia Capital Markets maintains its Perform rating on Apache (NYSE: APA) and increases its one-year price target by $5 to $110 as the company reports above consensus for Q4. Scotia Capital Markets says, "Production of 759 Mboe/d was above our estimate of 751 Mboe/d, primarily due to strong U.S....
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