Canadian Analyst Update: Oct 2nd, 2025

Canadian Analyst Update: Oct 2nd, 2025

Analyst Ratings (Canada)

The following are today’s latest 44vanalyst ratings tracked from muliple analysts for Canadian listed and traded stocks:

Algoma Steel Group Inc. (ASTL:CA) had its target cut by RBC Capital to $6.00 from $8.00 with a Sector Perform rating, as weaker steel demand and margin pressures weigh on outlook.

Allied Gold Corp. (AAUC:CA) received a target hike from Cormark Securities to $33.00 from $27.00, reflecting stronger production guidance and higher gold price assumptions.

Brookfield Business Partners (BBU-UN:CA) was assigned a $54.50 price target and Outperform rating by Scotiabank, citing improved earnings visibility across its diversified operations.

BRP Inc. (DOO:CA) was upgraded to Buy by Citigroup with a target increase to $102.00 from $93.00, driven by resilient consumer demand and solid recreational product sales.

Canada Packers Inc. (CPKR:CA) was maintained at Neutral by TD Securities with a $20.00 target, reflecting balanced valuation and limited catalysts in the near term.

Canadian National Railway Co. (CNR:CA) saw its target reduced by Barclays Capital to $135.50 from $138.00 with an Equal-Weight rating, as softer freight volumes cloud the outlook.

Canadian Pacific Kansas City Ltd. (CP:CA) had its target lowered by Barclays Capital to $125.70 from $127.00 but retained an Overweight rating, with long-term growth potential intact despite integration costs.

Centerra Gold Inc. (CG:CA) received a target increase from Canaccord Genuity to $19.50 from $16.00, supported by stable production and favorable gold pricing.

Constellation Software Inc. (CSU:CA) was maintained at Buy by TD Securities with a $5,700.00 target, highlighting consistent cash flow and acquisitive growth strategy.

DPM Metals Inc. (DPM:CA) saw its target raised by Canaccord Genuity to $38.00 from $28.50, reflecting operational strength and higher commodity prices.

Eldorado Gold Corp. (ELD:CA) had its target lifted by Canaccord Genuity to $42.00 from $30.00, citing efficiencies and stronger gold pricing assumptions.

Elemental Altus Royalties Corp. (ELE:CA) received a higher target of $33.00 from $26.50 at Canaccord Genuity, reflecting improved royalty income outlook.

Equinox Gold Corp. (EQX:CA) was given a target hike to $20.50 from $12.50 by Canaccord Genuity, supported by rising production and gold price momentum.

Fortuna Mining Corp. (FVI:CA) saw its target increased by Canaccord Genuity to $15.00 from $10.50, with improved operating performance driving the revision.

Franco-Nevada Corp. (FNV:CA) was downgraded by Canaccord Genuity to Hold while its target rose to $322.00 from $270.00, as valuation concerns offset strong cash flows.

G Mining Ventures Corp. (GMIN:CA) had its target raised by Canaccord Genuity to $36.00 from $28.00, supported by progress on project development.

GFL Environmental Inc. (GFL:CA) had its target reduced by CIBC World Markets to $79.00 from $81.00 but maintained an Outperform rating, reflecting ongoing cash flow resilience.

IAMGOLD Corp. (IMG:CA) saw its target boosted by Canaccord Genuity to $19.50 from $15.50, supported by cost improvements and stronger gold production.

Interfor Corp. (IFP:CA) had its target lowered by TD Securities to $12.00 from $15.00 with a Hold rating due to weaker lumber demand, while RBC Capital also trimmed its target to $17.00 from $19.00 but maintained an Outperform rating, pointing to longer-term recovery potential.

K92 Mining Inc. (KNT:CA) had its target lifted by Canaccord Genuity to $20.75 from $18.75, supported by production growth and exploration upside.

Kinross Gold Corp. (K:CA) saw its target increased by Canaccord Genuity to $37.00 from $29.50, citing improved outlook and higher gold price assumptions.

Lithium Americas Corp. (LAC:CA) received a target raise from National Bank to $10.00 from $5.00 with a Sector Perform rating due to improving project visibility, while Canaccord Genuity downgraded the stock to Sell with a $6.25 target citing project risks.

Lundin Gold Inc. (LUG:CA) had its target increased by Canaccord Genuity to $78.00 from $60.00, reflecting stable production and favorable gold market trends.

Maple Leaf Foods Inc. (MFI:CA) had its target cut by TD Securities to $43.00 from $47.00 but maintained a Buy rating, reflecting near-term cost challenges but long-term recovery potential.

Metalla Royalty & Streaming Ltd. (MTA:CA) was given a target increase by Canaccord Genuity to $10.00 from $8.25, supported by stronger royalty income outlook.

New Gold Inc. (NGD:CA) saw its target raised by Canaccord Genuity to $12.50 from $9.00, driven by improved production and operational performance.

Northland Power Inc. (NPI:CA) was maintained at Buy with a $27.00 target by TD Securities, supported by strength in renewable power assets.

Oceanagold Corp. (OGC:CA) had its target raised by Canaccord Genuity to $36.00 from $25.00, reflecting stronger operational results.

Onex Corp. (ONEX:CA) saw its target boosted by Scotiabank to $150.00 from $140.00 with an Outperform rating, citing improving valuations across its investment portfolio.

Opentext Corp. (OTEX:CA) was maintained at Neutral with a $47.50 target by CIBC World Markets, as stable growth is balanced against integration risks.

OR Royalties Inc. (OR:CA) was downgraded by Canaccord Genuity to Hold  from Buy, even as the target increased to $56.00 from $44.00, citing stretched valuation despite solid fundamentals.

Orezone Gold Corp. (ORE:CA) had its target lifted by Canaccord Genuity to $2.75 from $2.25, reflecting improved production outlook.

Sandstorm Gold Ltd. (SSL:CA) received a higher target of $22.00 from $18.50 from Canaccord Genuity, driven by stronger royalty volumes and gold price strength.

Secure Waste Infrastructure Corp. (SES:CA) saw its target raised by Stifel Nicolaus to $23.50 from $17.50 with a Buy rating, reflecting strong demand for waste management services.

Silver X Mining Corp. (AGX:CA) was given a $0.95 target and Buy rating by Fundamental Research, supported by improving production and financial trends.

Silvercorp Metals Inc. (SVM:CA) had its target boosted by Canaccord Genuity to $13.00 from $9.50, reflecting stronger performance and a positive commodity outlook.

Stella-Jones Inc. (SJ:CA) received a modest target increase from CIBC World Markets to $90.00 from $89.00 with an Outperform rating, pointing to stable infrastructure demand.

Torex Gold Resources Inc. (TXG:CA) had its target raised by Canaccord Genuity to $77.00 from $64.00, reflecting stronger operations and higher gold price assumptions.

Triple Flag Precious Metals Corp. (TFPM:CA) was downgraded to Hold by Canaccord Genuity, though its target was raised to $42.00 from $37.50, citing valuation concerns despite strong royalty income.

Vizsla Royalties Corp. (VROY:CA) had its target increased by Canaccord Genuity to $4.50 from $3.75, supported by improved royalty flow.

Wesdome Gold Mines Ltd. (WDO:CA) saw its target raised by Canaccord Genuity to $22.50 from $21.50, reflecting steady production outlook.

Wheaton Precious Metals Corp. (WPM:CA) had its target boosted by Canaccord Genuity to $172.00 from $144.00, supported by robust royalty income and higher metals prices.

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