Canadian Analyst Ratings for Wednesday January 10th

Canadian Analyst Updates: March 4th, 2026

Analyst Ratings

Name

Symbol

Analyst

Action

Rating

Closing Price

Target Price

Air Canada AC:CA
National Bank Financial
Target Down Outperform 19.3 32
Ag Growth International Inc
AFN:CA
CIBC World Markets
Target Outperform 53.25 78
Aecon Group Inc.
ARE:CA TD Securities Target Up Hold 13.8 14
ARC Resources Ltd.
ARX:CA
National Bank Financial
Target Down Outperform 20.33 25
Bombardier Inc BBD-B:CA
Desjardins Securities
Target Down NA 55.9 103
Bombardier Inc BBD-B:CA
CIBC World Markets
Target Down Neutral 55.9 60
Bird Construction Inc.
BDT:CA TD Securities Target Up Buy 14.15 17
Brookfield Infrastructure Partners L.P
BIP-UN:CA
BMO Capital Markets
Target Up Outperform 40.68 40
Birchcliff Energy Ltd.
BIR:CA
National Bank Financial
Downgrades Sector Perform 5.91 6.5
Blackline Safety Corp
BLN:CA TD Securities Maintains Speculative Buy 4.09 5.5
Baytex Energy Corp
BTE:CA
National Bank Financial
Target Down Outperform 4.27 7.25
Boyd Group Services Inc.
BYD:CA
Cormark Securities
Target Up NA 276.15 315
CES Energy Solutions Corp
CEU:CA Stifel Nicolaus Target Down Buy 3.43 5
Calfrac Well Services Ltd.
CFW:CA Stifel Nicolaus Target Down Buy 4.86 7
Canadian Natural Resources Ltd
CNQ:CA
National Bank Financial
Target Down Sector Perform 87.26 90
Canadian National Railway Co
CNR:CA Barclays Target Up Equal Weight 165.71 170
Canadian National Railway Co
CNR:CA
CIBC World Markets
Downgrades Neutral 165.71 176
Canadian Pacific Railway Ltd
CP:CA Barclays Target Up Overweight 105.15 120
Crescent Point Energy Corp.
CPG:CA
National Bank Financial
Target Down Outperform 8.94 14
Crew Energy Inc
CR:CA
National Bank Financial
Target Down Outperform 4.56 5
Cenovus Energy Inc
CVE:CA
National Bank Financial
Target Down Outperform 21.65 29
Calibre Mining Corp
CXB:CA Scotia Capital Maintains Sector Perform 1.24 2
Dundee Precious Metals Inc
DPM:CA Scotia Capital Maintains Outperform 8.37 13.5
Endeavour Silver Corp.
EDR:CA
Alliance Global Partners
Assigns Buy 2.57 3.5
Enerplus Corporation
ERF:CA
National Bank Financial
Target Down Outperform 19.62 28
Ensign Energy Services Inc
ESI:CA Stifel Nicolaus Target Down Hold 2.08 2.5
First Quantum Minerals Ltd
FM:CA Citigroup Target Down Neutral 12.56 14
Freehold Royalties Ltd.
FRU:CA
National Bank Financial
Target Down Outperform 13.88 17
G Mining Ventures Corp
GMIN:CA TD Securities Maintains Speculative Buy 1.7 2.25
i-80 Gold Corp. IAU:CA Scotia Capital Maintains Outperform 1.99 4.5
Imperial Oil Ltd IMO:CA
National Bank Financial
Target Down Sector Perform 77.92 89
Kiwetinohk Energy Corp
KEC:CA
National Bank Financial
Target Down Outperform 11.2 20
Kelt Exploration Ltd.
KEL:CA
National Bank Financial
Target Down Outperform 5.78 7.5
K92 Mining Inc KNT:CA Scotia Capital Maintains Outperform 6.81 8
Lycos Energy Inc.
LCX:CA
National Bank Financial
Target Down Outperform 3.35 9
Logan Energy Corp
LGN:CA
National Bank Financial
Target Up Outperform 0.8 1.5
Lithium Royalty Corp
LIRC:CA STA Research Target Down Speculative Buy 7.97 10
Lucero Energy Corp
LOU:CA
National Bank Financial
Target Down Sector Perform 0.57 0.8
MEG Energy Corp
MEG:CA
National Bank Financial
Target Down Outperform 23.41 30
Minto Apartment Real Estate Investment Trust
MI-UN:CA Scotia Capital Target Up Sector Perform 16.04 18.75
Methanex Corporation
MX:CA
CIBC World Markets
Target Neutral 60.78 48
Ngex Minerals Ltd
NGEX:CA
Cormark Securities
Target Up NA 8.02 9
Northland Power Inc.
NPI:CA Morningstar Maintains Buy 24.89 29
Nutrien Ltd NTR:CA
CIBC World Markets
Target Outperform 71.36 87
Nutrien Ltd NTR:CA RBC Target Down Outperform 71.36 100
NuVista Energy Ltd.
NVA:CA
National Bank Financial
Target Down Sector Perform 10.93 14
Overactive Media Corp
OAM:CA TD Securities Target Up Hold 0.25 0.3
Obsidian Energy Ltd
OBE:CA
Raymond James
Target Up Outperform 8.93 15.5
Precision Drilling Corporation
PD:CA Stifel Nicolaus Target Down Buy 70.5 120
Peyto Exploration&Development Corp
PEY:CA
National Bank Financial
Target Down Outperform 13.12 15
PHX Energy Services Corporation
PHX:CA Stifel Nicolaus Target Down Buy 8.31 11.5
Paramount Resources Ltd.
POU:CA Scotia Capital Maintains Sector Perform 26 40
Paramount Resources Ltd.
POU:CA
National Bank Financial
Target Down Outperform 26 40
Pason Systems Inc.
PSI:CA Stifel Nicolaus Target Down Hold 15.14 17
PrairieSky Royalty Ltd
PSK:CA
National Bank Financial
Target Down Sector Perform 23.77 25
ROK Resources Inc
ROK:CA
Echelon Wealth Partners
Maintains Buy 0.285 0.55
ROK Resources Inc
ROK:CA STA Research Assigns Speculative Buy 0.285 0.4
Spartan Delta Corp
SDE:CA
National Bank Financial
Target Down Outperform 3.03 4.5
Surge Energy Inc.
SGY:CA
National Bank Financial
Target Down Outperform 6.38 11
Shopify Inc SHOP:CA Morningstar Maintains Underperform 107.29 83
Superior Plus Corp
SPB:CA TD Securities Maintains Buy 9.52 13.5
STEP Energy Services Ltd
STEP:CA Stifel Nicolaus Target Down Buy 4.2 6
Stantec Inc STN:CA Scotia Capital Maintains Sector Perform 106.94 110
Stantec Inc STN:CA Stifel Nicolaus Target Up Buy 106.94 120
Suncor Energy Inc
SU:CA
National Bank Financial
Target Down Outperform 43.81 57
Trican Well Service Ltd.
TCW:CA Stifel Nicolaus Target Down Buy 3.97 6
Tourmaline Oil Corp.
TOU:CA
National Bank Financial
Target Down Outperform 61.8 70
Topaz Energy Corp
TPZ:CA
National Bank Financial
Target Down Outperform 19.44 27.5
Tamarack Valley Energy Ltd
TVE:CA
National Bank Financial
Target Up Outperform 3.04 6.5
Tidewater Midstream and Infrastructure Ltd
TWM:CA Scotia Capital Maintains Outperform 1.07 1.5
Torex Gold Resources Inc
TXG:CA TD Securities Maintains Buy 14.06 30
Torex Gold Resources Inc
TXG:CA Scotia Capital Maintains Sector Perform 14.06 22.5
Vermilion Energy Inc.
VET:CA
National Bank Financial
Target Down Outperform 15.87 20
Vizsla Resources Corp
VZLA:CA STA Research Assigns Speculative Buy 1.78 2
Vizsla Resources Corp
VZLA:CA Stifel Nicolaus Target Up NA 1.78 4
Whitecap Resources Inc.
WCP:CA
National Bank Financial
Target Down Outperform 8.81 15
Western Energy Services Corp.
WRG:CA Stifel Nicolaus Target Down Hold 2.75 3
Yangarra Resources Ltd
YGR:CA
National Bank Financial
Target Down Sector Perform 1.27 2
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