Vale (VALE) (MUR) (YZC) (NSU) (CMK) (KMP) (CRK) Ratings Changes and Initiations

Vale (VALE), Murphy Oil (MUR), Yanzhou Coal Mining (YZC), Nevsun Resources Ltd (NSU), Cline Mining (CMK), Kinder Morgan Energy Partners LP (KMP) and Comstock Resources (CRK) had analysts change or initiate ratings on them.

Brean Murray upgraded Murphy Oil (MUR) from a "Hold" rating to a "Buy" rating, while Societe Generale downgraded Murphy Oil from a "Buy" rating to a "Hold" rating. They have a price target of $60.00 on the company.

Citigroup (C) downgraded Yanzhou Coal Mining (YZC) from a "Buy" rating to a "Sell" rating.

Zacks downgraded Vale (VALE) from a "Neutral" rating to an "Underperform" rating. They have a price target of $17.00 on the company.

Haywood Securities downgraded Nevsun Resources Ltd (NSU) from an "Outperform" rating to a "Sector Perform" rating.

Dundee Securities downgraded Cline Mining (CMK) from a "Buy" rating to a "Neutral" rating.

Imperial Capital downgraded Kinder Morgan Energy Partners LP (KMP) from a "Buy" rating to a "Sell" rating.

Brean Murray initiated coverage on Comstock Resources (CRK). They placed a "Hold" rating on the company.

Teck Resources (TSE:TCK.B), Cline Mining (TSE:CMK) Lead Canadian Stocks Higher

Mining and Energy Sector Lead Canadian Stocks Higher

Canadian stocks enjoyed a nice rebound today after a couple day of losses, led by mining and energy companies. Leading the way in mining stocks were Cline Mining (TSE:CMK), which increased 3% and PC Gold (TSE:PKL), adding 1.2%. Agnico-Eagle Mines (TSE:AEM) growing 0.5% and Teck Resources (TSE:TCK.B) rising 0.7%.

Energy stocks got a boost from Suncor Energy (TSE:SU), which rose 1.2% and Canadian Natural Resources (TSE:CNQ) increasing by 1%.

Gold has also risen today and oil was relatively level, although gaining about 42 cents a barrel for May delivery. Gold was up over $6 an ounce as of this writing.