Analyst Ratings (Canada)
The following are today’s latest 133 analyst ratings tracked from muliple analysts for Canadian listed and traded stocks:
Agnico Eagle Mines Ltd (AEM:CA) — TD Securities raised its price target to $272 and maintained a Buy rating, reflecting confidence in the company’s strong production outlook and disciplined cost management amid a supportive gold price environment.
Air Canada (AC:CA) — RBC Capital reiterated its Outperform rating with a $25.00 target price, reflecting confidence in the airline’s continued passenger traffic recovery and improving operating efficiencies despite elevated fuel costs.
Air Canada (AC:CA) — BMO Capital Markets slightly reduced its target to $27.00 from $28.00, maintaining a positive outlook but noting that rising fuel prices and cost inflation could moderate near-term profitability gains.
Alamos Gold Inc (AGI:CA) — CIBC World Markets increased its target from $55 to $74, driven by higher gold production guidance and favorable commodity pricing.
Algonquin Power & Utilities Corp (AQN:CA) — Desjardins Securities lifted its target to $9.50 from $8.75 and maintained a Buy rating, citing stabilization in utility fundamentals and progress in balance sheet strengthening.
Allied Gold Corp (AAUC:CA) — CIBC World Markets raised its target to $37 from $27, reflecting improved operating momentum and expanding resource estimates.
Allied Properties REIT (AP.UN:CA) — National Bank downgraded the stock to Underperform with a $17.00 target price, reflecting concerns over ongoing weakness in Canada’s office real estate sector and limited near-term leasing momentum.
Allied Properties REIT (AP.UN:CA) — Raymond James downgraded the stock to Underperform with a $18.75 target price, citing persistent vacancy pressures and a challenging macroeconomic backdrop impacting office demand.
Allied Properties REIT (AP-UN:CA) — Scotiabank maintained its Outperform rating with a $19.75 target, expressing confidence that rental markets will gradually stabilize and asset values could recover as interest rates ease over the medium term.
AltaGas Ltd (ALA:CA) — CIBC World Markets lifted its target to $46 from $44 and kept an Outperform rating, reflecting robust midstream performance and improved energy infrastructure valuations.
Altius Minerals Corp (ALS:CA) — Raymond James increased its target slightly to $37 from $36, noting steady royalty cash flows and exposure to long-term base metals upside.
Aritzia Inc. (ATZ:CA)
TD Securities maintained a Buy rating with a $93.00 target, highlighting strong long-term brand momentum and improving e-commerce performance.
Truist Securities raised its target to $102.00 from $95.00, reflecting confidence in Aritzia’s U.S. expansion and margin recovery.
BMO Capital Markets increased its target to $104.00 from $100.00, reflecting solid revenue growth and operational efficiency.
Stifel Nicolaus lifted its target to $100.00 from $96.00, pointing to consistent sales momentum and healthy inventory management.
Jefferies & Co. raised its target to $92.00 from $87.00, expecting stronger holiday demand and store productivity.
Desjardins Securities lifted its target to $95.00 from $91.00, citing improving gross margins and disciplined cost controls.
Raymond James raised its target to $100.00 from $87.00, reflecting stronger-than-expected Q2 results and operational leverage.
Canaccord Genuity adjusted its target to $93.00 from $95.00, maintaining a constructive stance despite near-term cost headwinds.
ARC Resources Ltd (ARX:CA) — Scotiabank trimmed its target to $36 from $38, citing short-term natural gas price pressures despite a strong balance sheet and capital discipline.
AtkinsRéalis Group Inc (ATRL:CA) — National Bank raised its target to $101 from $100 while keeping a Sector Perform rating, reflecting consistent earnings delivery within the engineering segment.
Aya Gold & Silver Inc (AYA:CA) — CIBC World Markets boosted its target to $25 from $23, highlighting positive operational momentum and exploration upside at key assets.
Badger Infrastructure Solutions Ltd (BDGI:CA) — BMO Capital Markets lifted its target to $60 from $55, supported by resilient infrastructure spending and margin improvement.
Bank of Montreal (BMO:CA) — Scotiabank increased its target to $179 from $169, citing stable earnings growth and capital strength despite margin pressures.
Barrick Gold Corp. —(ABX:CA) Canaccord Genuity raised its target to $57.00 from $39.00 and maintained a Buy rating, citing improving production outlooks and strengthening gold prices.
Barrick Gold Corp.— (ABX:CA) TD Securities lifted its target to $64.00, maintaining a Buy rating, supported by robust free cash flow generation and enhanced operational performance.
Baytex Energy Corp (BTE:CA) — Scotiabank raised its target to $4.00 from $3.50, noting operational efficiency gains and exposure to rising oil prices.
Bird Construction Inc (BDT:CA) — BMO Capital Markets increased its target to $37 from $35, citing a growing backlog and continued strength in public infrastructure projects.
Birchcliff Energy Ltd (BIR:CA) — Scotiabank reduced its target to $9.00 from $10.00, reflecting weaker near-term natural gas pricing.
Boardwalk REIT (BEI.UN:CA) — National Bank raised its target to $85.00 and kept an Outperform rating, supported by strong rental growth and favorable supply-demand dynamics in the apartment market.
Bombardier Inc. (BBD.B:CA)—RBC Capital raised its target to $230.00 from $202.00 and reiterated an Outperform rating, reflecting stronger order activity and successful debt reduction efforts.
Bombardier Inc. (BBD.B:CA)—CIBC World Markets increased its target to $222.00, reflecting continued margin expansion and a healthy business jet demand outlook.
BRP Inc. (DOO:CA)—TD Securities maintained a Buy rating with a $106.00 target, emphasizing the company’s solid product lineup and resilient demand.
BRP Inc. (DOO:CA)—Stifel Nicolaus increased its target to $106.00 from $97.00 and maintained a Buy rating, supported by better-than-expected retail trends and upcoming model launches.
BRP Inc. (DOO:CA)—Canaccord Genuity raised its target to $116.00 from $108.00, reflecting robust earnings visibility and improved cost efficiencies.
BTB REIT (BTB-UN:CA) — National Bank lifted its target to $3.50 and maintained a Sector Perform rating, reflecting a gradual recovery in occupancy and rent renewals.
Canadian Tire Corp (CTC-A:CA) — TD Securities lowered its target to $183.00 and maintained a Hold rating, reflecting limited near-term upside as the company invests in operational transformation.
CAP REIT (CAR-UN:CA) — National Bank cut its target to $48.50 and maintained an Outperform rating, pointing to short-term interest rate headwinds for real estate valuations.
Capstone Copper Corp (CS:CA) —CIBC World Markets raised its target to $16.50 from $11.50, citing strong Mantoverde expansion results and an improved copper price outlook.
Capstone Copper Corp (CS:CA) —National Bank lifted its target to $15.00 from $12.00 and maintained an Outperform rating, reflecting greater confidence in production growth and project execution.
Cenovus Energy Inc (CVE:CA) — Raymond James lifted its target to $32.00 and kept a Strong Buy rating, citing continued operational strength and oil market tailwinds.
Centerra Gold Inc (CG:CA) — CIBC World Markets increased its target to $20.00 from $15.00, supported by stable operations and rising production forecasts.
Centerra Gold Inc (CG:CA) — Raymond James lifted its target to $16.50 from $13.50, maintaining a Market Perform rating due to steady cost control and solid quarterly performance
CIBC (CM:CA) — Scotiabank lifted its target to $121.00 from $116.00, reflecting consistent earnings and strong capital adequacy ratios.
Dorel Industries Inc (DII.B:CA) — TD Securities upgraded the stock to Hold from Sell, lifting its target to $2.50 from $1.00, following signs of operational stabilization.
Enbridge Inc (ENB:CA) — CIBC World Markets downgraded to Neutral, increasing its target modestly to $70.00 from $68.00, reflecting balanced risk-reward amid regulatory and rate sensitivity.
Enerflex Ltd (EFX:CA) — BMO Capital Markets raised its target to $20.00 from $18.00, supported by resilient service demand and improved cash flow expectations.
EQB Inc (EQB:CA) — Scotiabank increased its target to $96.00 from $94.00, highlighting loan book stability and capital growth prospects.
Equinox Gold Corp (EQX:CA) — CIBC upgraded the stock to Outperform with a new target of $22.00, reflecting significant improvement in cost performance and balance sheet strength.
ERO Copper Corp (ERO:CA) — CIBC downgraded to Neutral at $37.00, while Raymond James raised its target to $33.00, indicating divergent views amid copper market volatility and cost inflation.
Franco-Nevada Corp (FNV:CA) — CIBC World Markets lifted its target substantially to $460.00 from $315.00, citing the company’s robust royalty portfolio and strong free cash flow.
Hudbay Minerals Inc (HBM:CA) — Raymond James raised its target to $26.00 from $18.50, driven by higher copper guidance and strong execution at recent acquisitions.
Lundin Gold Inc (LUG:CA) —CIBC World Markets lifted its target to $116.00 from $85.00, reflecting stronger production guidance and exploration upside.
Lundin Gold Inc (LUG:CA) —BMO Capital Markets raised its target to $104.00 from $93.00, noting operational consistency and cost control.
Lundin Gold Inc (LUG:CA) —Lundin Gold Inc (LUG:CA) —Raymond James boosted its target to $80.00 from $65.00, reflecting positive mine expansion results.
National Bank of Canada (NA:CA) — Scotiabank increased its target to $159.00 from $150.00, citing robust capital markets performance and steady credit quality.
Orla Mining Ltd (OLA:CA) — CIBC raised its target to $25.00 from $22.00, supported by expanding reserves and improving operational consistency.
Pembina Pipeline Corp (PPL:CA) — CIBC lifted its target to $62.00 from $60.00 with an Outperform rating, creflecting stable midstream operations and strong dividend visibility.
Precision Drilling Corp (PD:CA) — RBC Capital raised its target to $110.00 from $100.00, maintaining an Outperform view based on strong utilization and pricing power in North America.
Royal Bank of Canada (RY:CA) — Scotiabank raised its target to $218.00 from $210.00, highlighting the bank’s earnings diversification and robust balance sheet.
Teck Resources Ltd (TECK-B:CA) — JP Morgan raised its target to $60.00 from $56.00, supported by resilient coal demand and project progress.
Teck Resources Ltd (TECK-B:CA) —Raymond James lowered its target slightly to $63.00 from $64.00, reflecting short-term price volatility in base metals but long-term production strength.
TD Bank Group (TD:CA) — Scotiabank lifted its target to $114.00 from $104.00, reflecting steady core earnings and expense control improvements.
Whitecap Resources Inc (WCP:CA) — Scotiabank increased its target to $14.00 from $12.00, maintaining a Sector Perform rating as oil price strength offsets higher costs.
Zedcor Inc (ZDC:CA) — National Bank raised its target to $7.50 from $5.50, keeping an Outperform rating, supported by growing recurring security services revenue.
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It’s interesting to see how the mining sector, particularly Agnico Eagle Mines, is benefiting from strong gold prices. Analysts seem quite bullish on their outlook, which could bode well for investors. On the flip side, the challenges faced by Air Canada with fuel costs really highlight how sensitive the airline industry is to global commodity price movements.
It’s interesting to see the diverging views on Air Canada, with RBC maintaining an Outperform rating while BMO slightly adjusted theirs due to fuel cost pressures. The contrasting targets for AEM and AGI also highlight how analyst sentiment can vary based on production guidance and commodity trends. These updates are helpful for tracking evolving market confidence in key Canadian stocks.