Coalspur, Pace, SouthGobi, Uranium One: Canadian Equity
Shares of the following companies may have unusual moves in Canadian trading.
Canadian Pacific Railway Ltd. (CP) : The country’s second-largest railroad forecast first-quarter earnings of 12 Canadian cents a share to 22 Canadian cents a share. The average estimate among 25 analysts in a Bloomberg survey was 74 Canadian cents a share, excluding certain items.
Imperial Metals Corp. (III) : The producer of base and precious metals in British Columbia forecast 2011 declines in production of 11 percent in copper, 6.1 percent in gold and 53 percent in silver.
Pace Oil and Gas Ltd. (PCE) : The exploration and production company was rated “buy” in new coverage at Canaccord Financial Inc. The 12-month forecast price is C$14.50 per share.
SouthGobi Resources Ltd. (SGQ) : The coal producer operating in Mongolia reported a fourth-quarter loss of $28.7 million as costs climbed.
Uranium One Inc. (UUU) : The uranium producer said its option to buy Mantra Resources Ltd. from Rosatom Corp.’s ARMZ Uranium Holding Co. for the same price the Russian state-owned nuclear company will pay can be extended to two years from one year.
Wajax Corp. (WJX CN): The distributor of heavy equipment and industrial components said it may face Hitachi parts shortages due to the earthquake in Japan.
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