NXT Energy Solutions’ future looks bright, says Mackie Research Capital

Mackie Research Capital analyst Raveel Afzaal says his discussions with end users suggest a high correation between anomalies detected by NEXt Energy Solutions' Stress Field Detector technology and seismic surveys.

After some unavoidable regulatory delays and technical reviews, the future is looking bright for NXT Energy Solutions (TSXV:SFD), says Mackie Research Capital analyst Raveel Afzaal. In a research update to clients this morning, Afzaal maintained his “Speculative Buy” recommendation and $1.70 one-year target price on NXT Energy, implying a 31% return from the date of [...]

CGI Group is still undervalued, says Cormark analyst Tse


The valuation gap between CGI Group (TSX:GIB.A) and its more expensively priced peers will begin to tighten because the value creation from its “contrarian” acquisition of Logica will ultimately outpace expectations, says Cormark analyst Richard Tse. Next Wednesday, before market open, CGI will report its Q3, 2014 results. The company is coming off a Q2 [...]

Espial gets buy rating and $4.00 target from Clarus analyst Ofir


A major shift in the way cable is being delivered and consumed is creating a huge opportunity for Espial Group (TSX:ESP), says Clarus Securities analyst Eyal Ofir. In a research report to clients this morning, Ofir initiated coverage of Espial with a “Buy” rating and one-year target of $4.00. Ofir thinks Espial, which has spent [...]

Following soft Q1, Paradigm maintains buy rating on Avante Logixx


Avante Logixx’s (TSX:XX) Q1 revenue decline is disappointing, but the company’s acquisition strategy shows promise, says Paradigm Capital analyst Spencer Churchill. On Monday, Avante Logixx reported its Q1, 2015 results. The company earned $208,055 on revenue of $2,026,260, down 12.8% from the Q1, 2014′s topline. Avante co-CEO George Rossolatos characterized the quarter. “While we are [...]

Paradigm launches coverage of Tecsys with a Buy rating, $10.00 target

Public Law 113-54, which was signed into law by President Obama last November, establishes a national track and trace system for prescription medication that could accelerate an upgrade cycle of technology throughout the healthcare supply chain, says Paradigm Capital analyst Gabriel Leung.

There is a multi-billion dollar market opportunity in automating the healthcare supply chain and Tecsys (TSX:TCS) is positioned to grab a share of it, says Paradigm Capital analyst Gabriel Leung. In a research report to clients this morning, Leung initiated coverage of Tecsys with a “Buy” rating and a one-year target of $10.00, implying a [...]

Clarus launches coverage of ViXS with Buy rating, $3.30 target


The 4K TV market represents “a significant opportunity” and Toronto’s ViXs Systems (TSX:VXS) is poised to grab a meaningful share of it, says Clarus Securities analyst Eyal Ofir. In a research report to clients today, Ofir launched coverage of ViXS with a “Buy” rating and a one-year price target of $3.30, implying a return of [...]

Should the City of Vancouver really be in the venture capital business?


A proposal currently in front of Vancouver City Council would see it establish a venture capital fund to aid a sector it sees as “diffuse, poorly connected and relatively risk-averse” and suffers from a lack of access to capital. The plan would see the Vancouver Economic Commission budget increased in 2015, 2016 and 2017 to [...]

Halogen’s valuation shadow could undercut Canada’s tech IPO momentum

Halogen Software CEO Paul Loucks (centre) with company employees.

The deals are there for Canadian technology companies and its broader ecosystem, that’s for sure. Kinaxis (KXS:TSX), Critical Control (CCZ:TSX), DIRTT (DRT:TSX) and Espial (ESP:TSX) have all raised equity via public offerings over the past few weeks. And that’s just a representative list of Canadian-based tech firms which have been able to get something done [...]

Cantor Fitzgerald initiates coverage of BSM Technologies with a $3.00 target

BSM Technologies CEO Aly Rahemtulla.

SaaS-based player BSM Technologies (TSX:GPS) is well positioned to gain market share in the fragmented fleet tracking space, says Cantor Fitzgerald Canada analyst Blair Abernethy. In a research report to clients this morning, Abernethy initiated coverage of BSM with a “Buy” rating and $3.00 one-year target. Abernethy says the telematics industry has literally hundreds of [...]

Buy Urthecast on weakness, says Clarus analyst Ofir

Clarus analyst Eyal Ofir believes the long term prospects for Urthecast have actually improved with Wednesday's announcement that the company will build and install two additional sensors on the NASA segment of the ISS.

The selloff that came after Urthecast (TSX:UR) announced its high-res camera on the International Space Station would be delayed is a buying opportunity for investors with a longer time frame, says Clarus analyst Eyal Ofir. On Wednesday, Urthecast announced that the biaxial pointing platform, which controls the pointing of its high-res camera, is experiencing difficulties [...]