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New York Markets After Hours

Sept. 23, 2011, 9:27 a.m. EDT

Canada hot stocks to watch: Keegan, Constellation

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By Dow Jones

TORONTO (MarketWatch) -- Listed below are the stocks expected to move during Friday's trading session. They are listed with Thursday's closing prices.

Analysts downgraded Keegan Resources Inc. (KGN, C$6.36, -C$2.29, -26%) and slashed their target prices, voicing disappointment with pre-feasibility study results on the company's Esaase gold project in West Africa. Scotia noted that cash costs in the study were nearly 35% higher than its expectations. The stock plummeted 26% Thursday following the release of the results.

Student Transportation Inc. (STB.T, C$6.08, -C$0.07, -1.1%) posted a fourth-quarter profit of 4 cents a share, up from 1 cent a year earlier. Revenue was up almost 16%.

Constellation Software Inc. (CSU.T, C$70.75, -C$0.53, -0.7%) said Trapeze Group, owned by its Volaris Group unit, has received a "significant" contract to replace Delaware Transit Corp.'s legacy intelligent transportation system. Trapeze will provide computer-aided dispatch and automatic vehicle location technology as part of the contract. Financial terms weren't disclosed.

YM BioSciences Inc. (YMI, C$1.79, -C$0.01, -0.6%) posted a fourth-quarter loss of 8 cents a share versus a loss of 11 cents a year earlier.

Empire Co.'s (EMP.A.T, C$56.09, -C$2.32, -4.0%) Sobeys Inc. grocery division has entered a long-term wholesale distribution deal to supply Target Canada stores with select food and grocery products starting in early 2013.

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