Katanga, Jazz Air, Sino-Forest, Timminco: Canada Stock Preview

By John Kipphoff

Aug. 12 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading. Stock symbols are in parentheses, and share prices are from yesterday's close.

The Standard & Poor's/TSX Composite Index fell 1 percent to 13,203.19.

Fortis Inc. (FTS CN): The investor in electric distribution utilities was downgraded to ``hold'' from ``buy'' by Canaccord Adams analyst Robert Hastings in Vancouver. The shares fell 4.9 percent to C$25.45.

Great Canadian Gaming Corp. (GC CN): The owner of casinos in British Columbia had second-quarter net income of 5 cents a share, falling short of the 8-cent average analyst estimate, according to Bloomberg data. The shares fell 1.5 percent to C$9.

Katanga Mining Ltd. (KAT CN): The company restarting the Democratic Republic of Congo's largest underground copper mine said 2008 production will be 27,500 metric tons, less than the 33,500 tons previously forecast. The shares rose 0.4 percent to C$10.80.

Intermap Technologies Corp. (IMP CN): The digital mapping company reported a second-quarter loss of 13 cents a share, wider than analysts' estimate for a loss of 10 cents before items, according to Bloomberg data. Soleil Securities analyst Peter Friedland cut his rating to ``hold'' from ``buy.'' The shares rose 2.5 percent to C$4.51.

Jazz Air Income Fund (JAZ-U CN): The income trust that operates flights for Air Canada was cut to ``underperform'' from ``neutral'' at Merrill Lynch & Co. The shares rose 0.5 percent to C$5.55.

Sino-Forest Corp. (TRE CN): The owner of timberland in China had second-quarter profit of 24 cents a share before one-time items, exceeding the average of analyst estimates by 36 percent, according to Bloomberg data. The shares fell 3.9 percent t o C$15.

Timminco Ltd. (TIM CN): The maker of silicon for solar cells said its second-quarter net loss widened to C$7 million ($6.55 million) from C$1.5 million, due to C$9.8 million in costs related to the closure of a magnesium plant in Ontario.

Timminco shipped 221 metric tons of solar-grade silicon during the period, about 70 tons short of the average analyst estimate, Raymond James Financial Inc. analyst Andy Nasr in Toronto wrote in a note to clients. The shares declined 5.7 percent to C$19.97.

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