Newcrest

Alimentation Couche-Tard, Inc. (TSE:ATD.B) reported 1Q11 results of $0.69 (compared to $0.48 a year ago) and beat Newcrest's estimate of $0.59. Newcrest reports that 60% of the upside came from improved in-store performance, and in-store SSS were very impressive considering the climate of the...

Tim Hortons, Inc. (NYSE: THI) reported 2Q EPS of $0.54 vs $0.44 this time last year, and exceeded the $0.51 estimate from Newcrest. Tim Hortons also sold its 50% stake in Maidstone Bakeries to JV partner Aryzta AG for $475M, according to Newcrest, which believes that Tim Hortons' bakery supply and...

Analysts at Newcrest say that there has been a recent improvement in farming profitability. The USDA has projected a 12% rise in US net farm income in 2010 to $63 billion. “The expected improvement is mostly due to materially higher livestock receipts, which should more than offset an expected...

Analysts at Newcrest resume coverage of Exeter Resource Corp (AMEX: XRA) with a “speculative buy” rating. The target price for XRA has been raised from C$8.50 to C$9.50. XRA has closed a bought deal, in which it sold 8,550,000 common shares for $5.85 per share. Exeter Resource is likely to use the...