Yamana Gold Inc (YRI: TSX : $10.88)
Target Cut to $13 from $13.50 by National Bank
Target Cut to $14 from $15 by TD Newcrest
Target Cut to $12 from $14 by CIBC

Red Back Mining Inc (RBI: TSX : $24.96)
Target Raised to C$29.50 from C$29 by Cormark Securities
Target Raised to C$31 from C$30 by Scotia Capital
Target Raised to C$31 from C$28 by TD Newcrest
Target Raised to C$33 from C$25 by Canaccord
Raised to Buy from Hold by Canaccord

Kinross Gold Corp (K: TSX : $18.26)
Target Cut to $21 from $24 by Thomas Weisel
Target Cut to $22 from $24 by TD Newcrest
Cut to Hold from Buy by TD Newcrest

Hudbay Minerals Inc (HBM: TSX : $11.65)
Target Cut to C$18.35 from C$20.85 by Desjardins
Target Cut to C$16 from C$17.50 by TD Newcrest

Cameco Corporation (CCO: TSX : $25.22)
Target Cut to C$30 from C$32 by Credit Suisse
Target Cut to C$30 from C$32 by RBC Capital Capital
Target Cut to C$32 from C$34 by UBS
Target Raised to C$26 from C$25 by Canaccord
Raised to Hold from Sell by Canaccord Adams