Ember, Goldcorp, Gold Wheaton, Royal Bank: Canada Stock Preview

By John Kipphoff

Oct. 1 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading today. Stock symbols are in parentheses, and share prices are from the previous close in Toronto.

The Standard & Poor's/TSX Composite Index rose 4.2 percent to 11,752.90.

Ember Resources Inc. (EBR CN): The company exploring for coalbed methane gas was rated ``sector perform'' in new coverage at RBC Capital Markets. The shares climbed 5.5 percent to C$1.35.

Goldcorp Inc. (G CN): The second-biggest gold producer by market value was raised to ``buy'' from ``hold'' by Barry Allan at Research Capital Corp. The Toronto-based analyst set a share- price target of C$44 ($41.40). The shares fell 2.7 percent to C$33.47.

Gold Wheaton Corp. (GLW CN): The precious metals mining company was rated ``sector perform'' in new coverage at RBC Capital Markets. The shares rose 3.5 percent to 88 cents.

Kingsway Financial Services Inc. (KFS CN): The insurance company said it completed the sale of its York Fire & Casualty Insurance Co. for C$95 million to La Capitale General Insurance Inc. The shares gained 2 percent to C$7.30.

Royal Bank of Canada (RY CN): Canada's biggest bank was sued by five Wisconsin school districts over $200 million in credit derivatives that have lost about three-quarters of their value, the National Post reported.

A Royal Bank spokesman declined to comment, the Post said. Spokeswoman Beja Rodeck also wouldn't comment today to Bloomberg News. The shares rose 6.3 percent to C$50.50

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