Goldcorp, Maple Leaf Foods, Thompson Creek: Canada Stock Movers

By John Kipphoff

Aug. 20 (Bloomberg) -- The following companies were having unusual price changes in Canadian trading. Stock symbols are in parentheses, and share prices are as of 10:16 a.m. in Toronto.

The Standard & Poor's/TSX Composite Index gained 1.2 percent to 13,226.42.

Goldcorp Inc. (G CN) gained the most in a week, rising 4.3 percent to C$35.09. The world's second-largest bullion mining company by market value was raised to ``top pick'' from ``sector perform'' by Michael Curran at RBC Capital Markets.

Goldcorp has solid growth prospects, based on an expected increase in production during 2009 at its Penasquito mine and ``seasonal strength in gold prices later this year,'' the Toronto based analyst wrote in a note to clients.

Maple Leaf Foods Inc. (MFI CN) had its biggest decline in almost a month, falling 3.2 percent to C$10.36. Canada's largest food processor recalled 23 delicatessen meat products, citing concern they may be contaminated with listeria bacteria, and temporarily closed a Toronto plant.

Parkland Income Fund (PKI-U CN) rose to a seven-week high, adding 3.9 percent to C$10.45. The owner of an oil refiner and fuel seller was rated ``outperform'' in new coverage by at RBC Capital Markets analyst Steve Toth in Calgary.

Thompson Creek Metals Co. (TCM CN) climbed to the highest since Aug. 8, gaining 4.2 percent to C$14.75. The fifth-largest molybdenum producer agreed to acquire an option for as much as 75 percent of U.S. Energy Corp.'s Lucky Jack molybdenum property in Colorado. Thompson Creek may spend as much as $400 million to get control of the deposit, the Toronto-based company said.

Yamana Gold Inc. (YRI CN) advanced the most in a week, adding 3.2 percent to C$11.39. The bullion producer with mines in Argentina, Brazil and the U.S. was raised to ``outperform'' from ``sector perform'' by RBC Capital's Curran, who said, in a report, that gold prices probably hit a low for the northern hemisphere summer last week.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.