Analyst Picks of the Week

- October 22nd, 2013

Yamana Gold, Great Panther Silver, Peabody Energy, and Taseko Mines were among companies mentioned by analysts over the past week as having the best upside potential.

Stock market application on smartphoneThe following resource companies were mentioned by analysts during the week of October 14-21. This information, to be used for the purpose of evaluating potential investments, was distilled from a daily list of analyst upgrades, downgrades and initiations compiled by Analyst Ratings Network.

  • American Eagle Energy Corp (OTCBB:AMZG) is an oil exploration and production company targeting resources in the Bakken region of North Dakota, as well as in Alberta and Saskatchewan. The company is now covered by analysts at Northland Capital Partners and Northland Securities. They set an “outperform” rating and a $4.00 price target on the stock. 84.3% upside. American Eagle closed at $2.16 on Monday.
  • Marathon Petroleum Corp. (NYSE:MPC) is one of the largest refiners of petroleum products in the United States. Marathon was upgraded by analysts at Howard Weil from a “sector perform” rating to a “focus stock” rating. They now have a $80.00 price target on the stock, up previously from $75.00. 19.1% upside. Marathon closed at $70.93 on Monday.
  • Yamana Gold (NYSE:AUY, TSX:YRI) is a Canadian gold miner with producing mines in Mexico, Brazil, Chile and Argentina. Yamana Gold was upgraded by analysts at HSBC from an “underweight” rating to a “neutral” rating. They now have a $10.00 price target on the stock, up previously from $9.30. 6.7% upside. Yamana closed at $9.67 on Monday.
  • Enerplus Corp (NYSE:ERF, TSX:ERF) owns producing oil and natural gas properties in Canada and the United States. The company was upgraded by analysts at RBC Capital from a “sector perform” rating to an “outperform” rating. They now have a C$22.00 price target on the stock, up previously from C$20.00. 28.8% upside. Enerplus closed at $17.19 Monday in New York.
  • Trevali Mining Corp (TSX:TV) is a zinc-focused base metals company with operations in Canada and Peru. Trevali is now covered by analysts at M Partners. They set a “buy” rating and a C$2.00 price target on the stock. 141.0% upside. Trevali closed at $0.97 cents in Toronto on Monday.
  • Peabody Energy Corp. (NYSE:BTU) is the world’s largest private-sector coal company, serving metallugical and thermal coal customers in over 25 countries. Peabody was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $23.00 price target on the stock, up previously from $19.00. 23.8% upside. Peabody closed at $18.85 on Monday.
  • Calfrac Well Services (TSX:CFW) is an oilfield services company operating in Western Canada, Colorado, North Dakota, Arkansas, Pennsylvania, Western Siberia and South America. Calfrac Well Services was upgraded by analysts at TD Securities from a “buy” rating to an “action list buy” rating. They now have a C$41.00 price target on the stock, up previously from C$40.00. 31.4% upside. Calfrac closed at $32.56 on Monday.
  • Canacol Energy Ltd. (TSX:CNE) is an oil and gas company with onshore operations in Colombia and Ecuador. Canacol Energy is now covered by analysts at Stonecap Securities. They set an “outperform” rating and a C$6.20 price target on the stock. 31.9% upside. Canacol closed at $4.80 on Monday.
  • Halliburton Co. (NYSE:HAL) is one of the world’s largest oilfield services companies in the world with operations in more than 80 countries. Halliburton was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $63.00 price target on the stock. 29.5% upside. Halliburton closed at $50.66 on Monday.
  • Southern Pacific Resource Corp (TSX:STP), based in Calgary, is developing in-situ oilsands assets in Western Canada. Southern Pacific was upgraded by analysts at TD Securities from a “hold” rating to a “speculative buy” rating. They now have a C$1.00 price target on the stock, up previously from $0.70. 33.3% upside. Southern Pacific closed at $0.63 on Monday.
  • Capstone Mining Corp (TSX:CS) mines base metals, with three producing copper mines in the US, Canada and Mexico. Capstone is now covered by analysts at Mackie. They set a “buy” rating and a C$3.50 price target on the stock. 40.6% upside. Capstone closed at $2.85 on Monday.
  • Compania de Minas Buenaventura SA (NYSE:BVN) is the largest precious metals company in Peru, with 8 wholly-owned mines and 7 with either controlling or majority interest. Buenaventura was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $19.00 price target on the stock, down previously from $22.00. 61.6% upside. Buenaventura closed at $13.91 on Monday.
  • Great Panther Silver (NYSE:GPL, TSX:GPR) is focused on precious metals mining from its two mines in Mexico — Topia and Guanajuato. Great Panther Silver was upgraded by analysts at Stonecap Securities from an “underperform” rating to a “sector perform” rating. They now have a C$1.00 price target on the stock, up previously from C$0.95. 25.0% upside. Great Panther closed at $0.96 on Monday.
  • Taseko Mines Limited (TSX:TKO) is a mid-tier copper producer that operates the Gibraltar Mine in British Columbia, and is working to develop the New Prosperity mine, one of the largest gold-copper deposits in the world. Taseko is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a C$2.65 price target on the stock. 23.3% upside. Taseko closed at $2.44 on Monday.

 

Securities Disclosure: I, Andrew Topf, hold no direct investment interest in any company mentioned in this article. 

Get the latest Resource Investing stock information

Get the latest information about companies associated with Resource Investing Delivered directly to your inbox.

Resource Investing

Select None
Select All

Leave a Reply