Analysts' Perspective: TransCanada, Eldorado Gold, Pan American Silver, Barrick Gold, Experian, Schroders
Investment firm Credit Suisse resumed coverage on TransCanada Corporation (TRP) shares with an Outperform rating
TransCanada recently completed a bought deal offering of subscription receipts, resulting in total gross proceeds of C$4,419,450,000. According to the company, proceeds from the offering will be used to finance a portion of the purchase price of the previously announced acquisition of Columbia Pipeline Group, Inc. by subsidiaries of the TransCanada's wholly-owned subsidiary, TransCanada PipeLines Limited.
TransCanada Corporation operates as an energy infrastructure company in North America.
Equities researchers at Credit Suisse upgraded Eldorado Gold Corporation (EGO)'s stock from a Neutral to an Outperform rating
Eldorado reported 2015 gold production of 723,532 ounces at an average cash operating cost of $552 per ounce. The company said that it has set ambitious targets in 2016 that encompass financial and operational performance, health, safety, environmental and community aspects.
Eldorado Gold is a leading low cost gold producer with mining, development and exploration operations in Turkey, China, Greece, Romania and Brazil.
Brokerage firm CIBC upgraded shares of Pan American Silver Corp. (PAAS) from a Sector Perform to a Sector Outperform rating
2015 was one of the strongest production years in Pan American's history with record silver of 26.12 million ounces and gold production of 183,700 ounces. According to its business outlook for 2016, the company expects to produce between 24.0 million and 25.0 million ounces of silver and between 175,000 and 185,000 ounces of gold.
Pan American Silver engages in silver mining and related activities. Its activities include the exploration, mine development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia.
Investment analysts at Credit Suisse upgraded Barrick Gold Corporation (ABX) shares from a Neutral to an Outperform rating
Barrick expects to release its first quarter 2016 earnings results on Tuesday, April 26, 2016 before market open.
Barrick Gold produces and sells gold and copper. The company is also involved in exploration and mine development activities.
Experian plc (EXPGY) shares were downgraded from a Buy to a Reduce rating by brokerage firm HSBC Securities
The company's organic revenue growth was 6% in the three months to 31 December 2015 as it continues to deliver on its five strategic priorities. Experian said that its growth was balanced, with all four regions contributing within its targeted mid-single digit range
Experian provides data and analytical tools to businesses and organizations worldwide.
Analysts at Exane BNP Paribas downgraded Schroders plc (SHNWF)'s stock from an Outperform to a Neutral rating
The company's 2015 net revenue before exceptional items increased by 7% to £1,658.5 million (2014: £1,549.5 million) driven by higher average AUM compared with 2014 despite increased market volatility, particularly in the second half of the year.
Schroders manages £313.5 billion on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, invested in a broad range of active strategies across equities, fixed income, multi-asset, alternatives and real estate.
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