Canada Research Roundup: Empire Company, Hudbay Minerals, Yangarra Resources

Sierra Metals

16/12/2020 08:40

Dec 16 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Empire Company, Hudbay Minerals and Yangarra Resources, on
Wednesday. 
    
    HIGHLIGHTS    
     * Empire Company  EMPa.TO : Atb Capital Markets initiates with outperform rating;PT of C$44
     * Hudbay Minerals Inc  HBM.TO : CIBC starts with outperformer rating; price target C$10.75
     * Yangarra Resources Ltd  YGR.TO : CIBC raises to neutral from underperformer
    
Following is a summary of research actions on Canadian companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.    
     * ARC Resources Ltd  ARX.TO : CIBC cuts target price to C$9 from C$10
     * Baytex Energy Corp  BTE.TO : CIBC raises target price to C$1 from C$0.75
     * Bonterra Energy Corp  BNE.TO : CIBC raises target price to C$1.5 from C$1.25
     * Canadian Natural Resources Ltd  CNQ.TO : CIBC raises target price to C$42 from C$31
     * Capstone Mining Corp  CS.TO : CIBC raises target price to C$2.2 from C$1.9
     * Copper Mountain Mining Corp  CMMC.TO : CIBC raises target price to C$2 from C$1.8
     * Crescent Point Energy Corp  CPG.TO : CIBC raises target price to C$4.5 from C$2.75
     * Empire Company  EMPa.TO : Atb Capital Markets initiates with outperform rating;PT of C$44
     * Enerplus Corp  ERF.TO : CIBC raises target price to C$6 from C$5
     * Ero Copper Corp  ERO.TO : CIBC cuts target price to C$21 from C$23.5
     * First Quantum Minerals Ltd  FM.TO : CIBC starts with outperformer rating; PT C$24
     * Freehold Royalties Ltd  FRU.TO : CIBC raises target price to C$8 from C$7
     * Hudbay Minerals Inc  HBM.TO : CIBC starts with outperformer rating; price target C$10.75
     * Imperial Oil Ltd  IMO.TO : CIBC raises target price to C$31 from C$26
     * Kelt Exploration Ltd  KEL.TO : CIBC raises target price to C$2.75 from C$2.5
     * Loblaw Companies  L.TO : Atb Capital Markets initiates with outperform rating; C$83 PT
     * Lundin Mining Corp  LUN.TO : CIBC starts with neutral rating; price target C$11
     * MEG Energy Corp  MEG.TO : CIBC raises target price to C$6 from C$3.5
     * Nuvista Energy Ltd  NVA.TO : CIBC raises target price to C$1.25 from C$1
     * Paramount Resources Ltd  POU.TO : CIBC raises target price to C$5 from C$3.5
     * Parex Resources Inc  PXT.TO : CIBC raises target price to C$25 from C$22
     * Petrus Resources Ltd  PRQ.TO : CIBC raises target price to C$0.4 from C$0.2
     * Peyto Exploration & Development Corp  PEY.TO : CIBC raises PT to C$3.5 from C$3.25
     * Prairiesky Royalty Ltd  PSK.TO : CIBC cuts to neutral from outperformer
     * Prairiesky Royalty Ltd  PSK.TO : CIBC raises target price to C$13.5 from C$12.5
     * Seven Generations Energy Ltd  VII.TO : CIBC raises target price to C$9 from C$6.5
     * Sierra Metals Inc  SMT.TO : CIBC raises target price to C$4.8 from C$3.5
     * Suncor Energy Inc  SU.TO : CIBC raises target price to C$34 from C$28
     * Surge Energy Inc  SGY.TO : CIBC raises target price to C$0.5 from C$0.4
     * Teck Resources Ltd  TECKb.TO : CIBC initiates coverage with neutral rating and C$25 PT
     * Torc Oil & Gas Ltd  TOG.TO : CIBC raises target price to C$3.99 from C$3.42
     * Vermilion Energy Inc  VET.TO : CIBC raises target price to C$7 from C$6
     * Whitecap Resources Inc  WCP.TO : CIBC raises target price to C$7 from C$6
     * Yangarra Resources Ltd  YGR.TO : CIBC raises to neutral from underperformer
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))