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Osisko last week reached a deal to be taken over and split up by Yamana Gold Inc. and Agnico Eagle Gold Inc.Mathieu Dupuis

Inside the Market's roundup of some of today's key analyst actions. This file will be updated during the trading day.

Atlantic Power Corp. should be able to capitalize on favourable valuations for its renewable energy assets, according to RBC Dominion Securities analyst Nelson Ng.

The independent power producer, which is undergoing a strategic review to evaluate the company's options, is more likely to resort to asset sales than a sale of the entire company, Mr. Ng said.

"We expect strong interest from a broad range of investors for the renewable energy assets, and moderate interest (likely from private equity) for the gas and coal assets," Mr. Ng said.

He upgraded Atlantic Power's stock to "sector perform" from "underperform" and raised his price target to $4 (Canadian) from $3.


Osisko Gold Royalties, the spin-out company that resulted from the sale of Osisko Mining to Agnico Eagle Gold and Yamana Gold, is trading at a discount to its peers, representing an attractive entry point, CIBC World Markets analyst Cosmos Chiu said.

The analyst initiated coverage on Osisko Gold Royalties with an "outperformer" rating and a $20 (Canadian) price target.

The cornerstone of Osisko is a 5 per cent royalty in the Canadian Malartic gold mine in northwestern Quebec.

"We believe that the … royalty provides a key cornerstone asset to grow the company and that it represents one of the most substantial royalty assets in North America," Mr. Chiu said.


A bullish outlook on liquefied natural gas drilling in North America should continue to boost Enerflex Ltd.'s share price, RBC Dominion Securities analyst Dan MacDonald said.

Mr. MacDonald initiated coverage of Enerflex with an "outperform" rating and a $24 (Canadian) price target.

"Enerflex trades approximately in line with the broader Canadian oilfield services group we cover, despite better revenue visibility via its backlog/bookings and concentrated exposure to growing liquids-rich natural gas and LNG on a global scale," Mr. MacDonald said.


In other analyst actions:

Seven brokerages have raised their price targets for BlackBerry Ltd. to between $6.25 and $12 (Canadian). RBC Capital Markets says handsets being nearly profitable and launch of new round of hardware and enterprises stand to give BlackBerry "a chance".

National Bank Financial has raised its price target for Boyd Group Income Fund to $50 (Canadian) from $44.

RBC Capital Markets has downgraded Capstone Infrastructure Corp. to "sector perform" from "outperform".

BMO World Markets has raised its target price for Canyon Services to $19 (Canadian) from $17, maintains "market perform" rating.

CIBC has raised its target price for Cequence Energy to $2.75 (Canadian) from $2.50.

CIBC is initiating coverage of Dream Unlimited with a "sector outperformer" rating.