Canadian Analyst Coverage Update: Sept 23, 2025

Canadian Analyst Coverage Update: Sept 23, 2025

Analyst Ratings (Canada)

The following are today’s latest 31 analyst ratings tracked from muliple analysts for Canadian listed and traded stocks:

Aritzia Inc. (ATZ:CA) – BMO Capital Markets raises target to C$100.00, reflecting confidence in strong retail execution and brand momentum.

Arizona Sonoran Copper Co. Inc. (ASCU:CA) – Desjardins Securities initiates coverage with Buy and C$5.00 target, with favorable copper fundamentals and U.S. growth potential.

BlackBerry Ltd. (BB:CA) – Morningstar maintains Underperform with C$4.91 target, likley on weak monetization of cybersecurity and IoT businesses.

Black Diamond Group Ltd. (BDI:CA) – BMO Capital Markets raises target to C$17.00  as demand for modular space and workforce accommodations continues..

Black Diamond Group Ltd. (BDI:CA) – Acumen Capital reiterates Buy with C$17.00 target, as the company obtains strong earnings growth drivers.

Canadian National Railway Co. (CNR:CA) – CIBC World Markets lowers target to C$140.00 with Neutral rating, as the company experiences freight slowdown and macroeconomic headwinds.

Constellation Software Inc. (CSU:CA) – TD Securities maintains Buy with C$5,700.00 target, with resilient acquisition-driven growth.

Constellation Software Inc. (CSU:CA) – CIBC World Markets maintains Outperform with C$5,450.00 target, supported by long-term software roll-up strategy.

Constellation Software Inc. (CSU:CA) – Morningstar maintains Hold with C$4,209.00 target, with the valuation looking stretched compared to peers.

Crombie REIT (CRR.UN:CA) – Raymond James raises target to C$17.50 with Strong Buy, as a defensive grocery-anchored portolio play.

Goeasy Ltd. (GSY:CA) – TD Securities maintains Buy with C$210.00 target, as the company has strong loan growth and profitability.

Goeasy Ltd. (GSY:CA) – Scotiabank downgrades to Sector Perform with C$225.00 target, highlighting credit risks in slower economy.

Goeasy Ltd. (GSY:CA) – Morningstar maintains Buy with C$217.65 target, supported by solid earnings visibility.

Goeasy Ltd. (GSY:CA) – STA Research maintains Speculative Buy with C$200.00 target, reflecting upside potential despite higher risks.

Goeasy Ltd. (GSY:CA) – National Bank maintains Outperform with C$265.00 target, with a strong growth trajectory.

Groupe Dynamite Inc. (GRGD:CA) – BMO Capital Markets raises target to C$64.00, reflecting brand expansion opportunities.

Groupe Dynamite Inc. (GRGD:CA) – CIBC World Markets initiates Outperform with C$65.00 target, reflecting operational efficiencies.

Montage Gold Corp. (MAU:CA) – Beacon Securities raises target to C$7.80 with Buy, showing strong exploration results and gold strength.

Paramount Resources Ltd. (POU:CA) – Scotiabank maintains Outperform with C$29.00 target, supported by oil-linked cash flow.

Paramount Resources Ltd. (POU:CA) – Morningstar maintains Buy with C$23.50 target, reflecting undervaluation relative to peers.

Paramount Resources Ltd. (POU:CA) – CIBC World Markets maintains Outperform with C$25.00 target, reflecting production strength.

Paramount Resources Ltd. (POU:CA) – RBC Capital raises target to C$26.00 with Sector Perform, with fair valuation at current levels.

Thesis Gold Inc. (TAU:CA) – Scotiabank maintains Outperform with C$2.25 target, supported by favorable exploration upside.

Uranium Royalty Corp. (URC:CA) – Raymond James downgrades to Market Perform with C$5.00 target, reflecting stretched valuation after recent rally.

Xtract One Technologies Inc. (XTRA:CA) – Ventum Financial raises target to C$1.15, with strong traction in public safety solutions.

Zedcor Inc. (ZDC:CA) – National Bank initiates Outperform with C$5.50 target, reflecting visibility from long-term surveillance contracts.

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