Analyst Ratings (Canada)
The following are today’s latest 71 analyst ratings tracked from muliple analysts for Canadian listed and traded stocks with a summary for the coverage update:
5N Plus Inc. (VNP:CA) – Target increased to C$21 from C$17 by National Bank due to accelerating growth and stronger revenue visibility.
Adentra Inc. (ADEN:CA) – Target lowered to C$45 from C$51 by Stifel Nicolaus, reflecting weaker growth expectations.
Aecon Group Inc. (ARE:CA) – Targets raised by Canaccord Genuity (to C$29 from C$25), Stifel Nicolaus (to C$24 from C$19), and CIBC World Markets (to C$29 from C$24) due to improving project visibility and execution.
Algoma Steel Group Inc. (ASTL:CA) – Target raised to C$11.50 from C$10.75 by Stifel Nicolaus as steel demand improves.
AltaGas Ltd. (ALA:CA) – Target increased to C$48 from C$46 by Scotiabank due to stable cash flow and favorable energy market conditions.
Atco Ltd. (ACO.X:CA) – Target up to C$55 from C$54 by Scotiabank on strong utility and infrastructure performance.
Athabasca Oil Corp. (ATH:CA) – Target raised to C$7.00 from C$6.50 by RBC Capital due to higher oil production and pricing.
AtkinsRéalis Group Inc. (ATRL:CA) – Target up to C$131 from C$110 by Stifel Nicolaus reflecting strong construction backlog.
Badger Infrastructure Solutions Ltd. (BDGI:CA) – Targets raised by Stifel Nicolaus (C$70 from C$63) and Canaccord Genuity (C$71 from C$60) on growth and infrastructure demand.
Bird Construction Inc. (BDT:CA) – Target increased to C$41 from C$36 by Stifel Nicolaus as project pipeline strengthens.
Brookfield Asset Management Ltd. (BAM:CA) – TD Securities maintains Buy at C$104.50; Morningstar maintains Sell at C$74, reflecting differing views on asset valuations.
Canada Packers Inc. (CPKR:CA) – TD Securities assigns Buy at C$20 and Morningstar maintains Hold at C$17, reflecting stable but moderate growth prospects.
Canadian National Railway Co. (CNR:CA) – Target down by Desjardin Securities to C$151 from C$155 due to softer near-term traffic expectations.
Canadian Pacific Kansas City Ltd. (CP:CA) – Target reduced to C$120 from C$123 by Desjardin Securities on lower short-term revenue visibility.
Capstone Copper Corp. (CS:CA) – Jefferies maintains Equal-Weight target at C$15, reflecting balanced commodity outlook.
Cardinal Energy Ltd. (CJ:CA) – Target up to C$8.50 from C$8.00 by RBC Capital on improved oil production and pricing.
Dexterra Group Inc. (DXT:CA) – Target raised to C$15 from C$14 by National Bank, driven by recent acquisitions and infrastructure tailwinds.
Doman Building Materials Group Ltd. (DBM:CA) – Target down to C$10.50 from C$12 by Stifel Nicolaus due to slower construction demand.
Dream Industrial REIT (DIR.UN:CA) – Target raised to C$14.50 from C$14 by Desjardin Securities on strong rental income and property acquisitions.
Emera Inc. (EMA:CA) – Target up to C$72 from C$70 by Scotiabank due to stable utility operations and growth.
Enbridge Inc. (ENB:CA) – Target increased to C$68 from C$65 by Barclays Capital reflecting stable cash flows and energy outlook.
Equinox Gold Corp. (EQX:CA) – Ratings maintained by TD Securities (Buy) and Morningstar (Hold), reflecting steady production outlook.
First Majestic Silver Corp (AG:CA) – Target raised to C$22 from C$17.50 by Cormark and to C$22 from C$20 by National Bank on stronger silver prices and production.
First Quantum Minerals Ltd. (FM:CA) – Target up to C$38 from C$33 by Jefferies due to improved copper prices and mine performance.
Fortis Inc. (FTS:CA) – Target raised to C$73 from C$70 by Scotiabank based on stable regulated utility performance.
GFL Environmental Inc. (GFL:CA) – Target lowered to C$76.25 from C$78.75 by National Bank due to operational cost pressures.
Gildan Activewear Inc. (GIL:CA) – Target increased to C$102 from C$93.50 by TD Securities, despite an Underperform rating, reflecting margin improvements.
Granite REIT (GRT.UN:CA) – Target up to C$89 from C$87 by Desjardin Securities and maintained the Underperform rating due to sector headwinds.
Imperial Oil Ltd. (IMO:CA) – Target raised to C$117 from C$115 by RBC Capital as oil prices support earnings.
Interfor Corp. (IFP:CA) – Target down to C$15 from C$19 by Raymond James on softer lumber demand.
IsoEnergy Ltd. (ISO:CA) – Target maintained at C$22 by Stifel Nicolaus, reflecting stable exploration prospects.
Ivanhoe Mines Ltd. (IVN:CA) – Jefferies raises target to C$18 from C$16; TD Securities maintains Buy at C$16; Morningstar maintains Hold at C$13.50.
Lithium Americas Corp. (LAC:CA) – Downgraded to Hold by Scotiabank, target up to C$7 from C$3.85 after reassessing project timelines and pricing.
Lundin Mining Corp (LUN:CA) – Target up to C$26 from C$18 by Jefferies on higher commodity production expectations.
Mattr Corp. (MATR:CA) – Downgraded to Hold by Stifel Nicolaus; target lowered to C$11.25 from C$12 due to slower growth.
Montage Gold Corp. (MAU:CA) – Target raised to C$8.75 from C$6.50 by SCP Equity Research on exploration success.
Neo Performance Materials Inc. (NEO:CA) – Target up to C$25 from C$22 by Stifel Nicolaus based on strong demand for rare earths.
Nexus Industrial REIT (NXR.UN:CA) – Target raised to C$9 from C$8.75 by Desjardins on rental growth.
Northview Residential REIT (NRR-UN:CA) – Target maintained at C$18 by TD Securities; Hold rating reflects steady but slow growth.
Obsidian Energy Ltd. (OBE:CA) – Target raised to C$9.50 from C$9 by RBC Capital due to improving oil prices.
Parex Resources Ltd. (PXT:CA) – Target up to C$21 from C$20 by RBC Capital reflecting stronger production and commodity pricing.
Pet Valu Holdings Ltd. (PET:CA) – Rating maintained by TD Securities (Buy) with $44 target and Morningstar maintained Underperform and $31 target, reflecting differing views on growth prospects.
PRO REIT (PRV.UN:CA) – Target raised to C$6.25 from C$6.00 by Desjardins on rental income growth.
Russel Metals Inc. (RUS:CA) – Rating maintained by TD Securities at a Buy and $50 target, while Morningstar maintained Hold and $45.25 target.
Secure Waste Infrastructure Corp. (SES:CA) – Target increased to C$23 from C$18.50 by National Bank due to project growth.
Shopify Inc. (SHOP:CA) – Target raised to C$237 from C$160 by Robert W. Baird following strong merchant growth and North American momentum.
Stantec Inc. (STN:CA) – Target up to C$175 from C$160 by Stifel Nicolaus reflecting strong project pipeline.
Suncor Energy Inc. (SU:CA) – Target raised to C$67 from C$62 by RBC Capital on higher oil prices and production.
Teck Resources Ltd. (TECK.A:CA) – Target increased to C$80 from C$74 by Jefferies due to strong commodity performance.
Tenaz Energy Corp. (TNZ:CA) – Target up to C$32 from C$24 by National Bank on improved drilling activity.
Trilogy Metals Inc. (TMQ:CA) – TD Securities raises target to C$5.50 from C$2.25 with a Hold rating.
Waste Connections Inc. (WCN:CA) – Target lowered to C$273.50 from C$294 by National Bank due to cost pressures.
Waste Management Inc. (WM:CA) – Target reduced to C$339 from C$349 by National Bank maintaining Sector Perform rating, reflecting operational challenges.
WSP Global Inc. (WSP:CA) – Target increased to C$350 from C$317 by Stifel Nicolaus on strong project pipeline and contract wins.
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