The Globe and Mail reports in its Friday, Sept. 6, edition that on Thursday, RBC Dominion Securities analyst Mark Mihaljevic lowered his ratings on several stocks. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mihaljevic downgraded
Kirkland Lake Gold ($63.91) to "sector perform" from "outperform." Mr. Mihaljevic boosted his share target by $18 to $72. Analysts on average target Kirkland shares at 62.99.
Mr. Mihaljevic lowered his rating on Torex Gold Resources ($20.03) to "sector perform" from "outperform." The RBC stockpicker, however, raised his share target on Torex to $24, from $19. Analysts on average target Torex shares at $22.13. TMAC Resources ($5.25)) to "sector perform" from "outperform" with a $7 share target, falling from $6. Analysts on average target TMAC shares at $8.39. The Globe reported on June 7 that Canaccord Genuity rated Kirkland "buy," when it was worth $51.18. The Globe's Emily Halverson-Duncan was keen on Torex in the Number Cruncher column on May 16, when it was worth $13.12. The Globe reported on Jan. 18 that Canaccord rated TMAC "speculative buy" in new coverage. Torex shares were then worth $5.93.
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