Scotia Capital Markets

Following another depressing quarter and the announcement that it was delaying the release of its BlackBerry 10 operating system, Research in Motion (NASDAQ: RIMM) finds itself under scrutiny by most analysts on Friday. The wireless solutions company had ratings downgraded Friday by Societe...

Scotia 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-...

Scotia 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...

Scotia 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...

Scotia 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...

Scotia 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...

Scotia 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...

Scotia 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...

Scotia 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,...

Scotia 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...

Scotia 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....

Scotia Capital Markets maintains its Perform rating on Agnico-Eagle Mines (NYSE: AEM) and cuts its target to $45 from $50.50 on trimmed outlook for the next three years. Scotia Capital Markets notes, "2012 guidance is for production of 875-950 koz at total cash costs of $690-$750/oz (GBM estimate...

Scotia Capital has raised the 12-month price target on Cemex (NYSE: CX) from $4.10 to $8 and maintains its Sector Perform rating.