Analyst Ratings (Canada)
The following are today’s 50 latest analyst ratings tracked from multiple analysts for Canadian listed and traded stocks for Tuesday December 9th, 2025:
Advantage Energy Ltd. (AAV:CA): Raymond James raised its target price from $13.00 to $15.00 and maintained an Outperform rating, reflecting improving fundamentals and stronger commodity pricing.
Agnico Eagle Mines Ltd. (AEM:CA): National Bank increased its target price to $300.00 from $285.00 while reiterating an Outperform rating, reflecting confidence in rising gold prices and stable production performance.
Alamos Gold Inc. (AGI:CA): National Bank lifted its target price from $64.00 to $68.00 and kept an Outperform rating, supported by robust project execution and favorable gold market trends.
B2Gold Corp. (BTO:CA): National Bank raised its target price from $9.25 to $10.00 and maintained an Outperform rating reflecting to improved operational guidance and stronger gold prices.
Barrick Mining Corp. (ABX:CA): National Bank increased its target sharply from $65.00 to $77.50 while reiterating Outperform, reflecting enhanced production visibility and higher gold forecasts.
BCE Inc. (BCE:CA): CIBC World Markets upgraded BCE to Outperform, reflecting valuation support and expectations for operational stabilization.
Builders Capital Mortgage Corp. (BCF:CA): Fundamental Research initiated coverage with a Buy rating and a $10.60 target, highlighting attractive yield and lending discipline.
Capstone Copper Corp. (CS:CA): CIBC World Markets trimmed its target price from $16.50 to $16.00 but maintained an Outperform rating, reflecting confidence despite near-term copper price volatility.
Elemental Royalty Corp. (ELE:CA): National Bank raised its target from $27.50 to $30.00 and reiterated Outperform, reflecting stronger royalty revenue outlooks.
Endeavour Mining Corp. (EDV:CA): National Bank boosted its target from $76.00 to $88.00 and maintained an Outperform rating, supported by improving production and favorable gold prices.
Endeavour Silver Corp. (EDR:CA): National Bank increased its target price from $18.00 to $21.00 while keeping Outperform, reflecting operational improvements and higher silver and gold forecasts.
Enerflex Ltd. (EFX:CA): Raymond James raised its target slightly from $24.00 to $24.50, reflecting modestly improved near-term expectations.
Equinox Gold Corp. (EQX:CA): National Bank raised its target from $23.00 to $28.00 and reaffirmed Outperform on improving cost guidance and strengthened gold fundamentals.
Freehold Royalties Ltd. (FRU:CA): Raymond James increased its target from $14.50 to $17.50 and kept Outperform, supported by stronger royalty revenue visibility.
G Mining Ventures Corp. (GMIN:CA): National Bank lifted its target from $40.00 to $45.00 while maintaining Outperform, reflecting continued execution at its flagship development project.
Groupe Dynamite (GRGD:CA) – TD maintained its Buy rating with a $68.00 target, reflecting confidence in brand growth and retail performance.
Groupe Dynamite (GRGD:CA) –Barclays raised its target from $61.00 to $88.00, citing stronger-than-expected demand momentum.
Groupe Dynamite (GRGD:CA) – CIBC maintained its Outperform rating with a $79.00 target reflecting sustained operational momentum.
Headwater Exploration Inc. (HWX:CA): Raymond James increased its target from $9.00 to $9.50 but maintained a Market Perform rating, reflecting balanced outlook amid production variability.
IAMGOLD Corp. (IMG:CA): National Bank raised its target from $23.00 to $28.00 while keeping Outperform, driven by strong project execution and favorable gold markets.
Imperial Oil (IMO:CA): Raymond James adjusted its target from $110.00 to $111.00 while maintaining Underperform, signaling minimal change to a cautious outlook.
Interfor Corp. (IFP:CA): CIBC World Markets cut its target price from $9.00 to $8.00 and maintained Underperform as lumber market weakness persists.
Kinross Gold Corp. (K:CA): National Bank increased its target from $46.00 to $50.00 and reaffirmed Outperform, supported by steady production and improving gold prices.
Lundin Gold Inc. (LUG:CA) – Scotiabank maintained Sector Perform with a $70.00 target, reflecting a neutral stance on valuation.
Lundin Gold Inc.(LUG:CA) – Jefferies lowered its target from $111.00 to $106.00, reflecting updated price deck and cost considerations.
Lundin Gold Inc.(LUG:CA) –BMO raised its target from $108.00 to $115.00, reflecting increasing confidence in gold-price leverage.
Lundin Gold Inc.(LUG:CA) –TD maintained a Hold rating with a $95.00 target reflecting valuation constraints.
Lundin Gold Inc. (LUG:CA)– STA Research reaffirmed its Speculative Buy rating with a $125.00 target, supported by bullish gold-price expectations.
Mullen Group Ltd. (MTL:CA): Raymond James downgraded the stock to Market Perform, reflecting moderating growth expectations.
Paramount Resources Ltd. (POU:CA): Raymond James increased its target from $25.00 to $27.00, reflecting stronger operational performance.
Prairiesky Royalty Ltd. (PSK:CA): Raymond James raised its target from $30.00 to $35.00 and kept Outperform due to rising royalty revenue projections.
Quebecor Inc. (QBR.B:CA): CIBC raised its target from $54.00 to $57.00, reflecting stable cash flow and competitive positioning.
Rogers Communications Inc. (RCI.B:CA): CIBC increased its target from $58.00 to $60.00 and maintained Outperform reflecting expectations for synergy capture and subscriber growth.
Surge Energy Inc. (SGY:CA): Raymond James downgraded the stock to Market Perform, reflecting a more balanced risk-reward profile.
Tamarack Valley Energy Ltd. (TVE:CA): Raymond James downgraded to Market Perform amid tempered production expectations.
Topaz Energy Corp. (TPZ:CA): Raymond James increased its target from $32.00 to $34.00, reflecting improved royalty and infrastructure revenue outlooks.
Torex Gold Resources Inc. (TXG:CA): National Bank cut its target from $90.00 to $85.00 but kept Outperform, reflecting adjusted project assumptions.
TransAlta Corp. (TA:CA) – TD maintained its Buy rating with a $16.00 target, highlighting attractive valuation.
TransAlta Corp. (TA:CA) – CIBC maintained Outperform with a $25.00 target, pointing to improving cash flow visibility.
Transcontinental Inc. (TCL.A:CA) –TD raised its target from $27.00 to $28.00, maintaining a Buy rating reflecting margin improvement.
Transcontinental Inc. (TCL.A:CA–BMO increased its target from $23.00 to $27.00, reflecting stronger-than-expected earnings recovery.
Transcontinental Inc. (TCL.A:CA– Scotiabank raised its target from $23.25 to $26.00 and kept the Sector Perform rating.
Transcontinental Inc. (TCL.A:CA)–National Bank lifted its target from $24.00 to $28.00 and maintained Outperform, reflecting improving long-term fundamentals.
Trican Well Service Ltd. (TCW:CA): Raymond James downgraded the stock to Market Perform due to moderating activity levels.
Vermilion Energy Inc. (VET:CA): TD Securities maintained Sector Perform with a $14.00 target, reflecting stable but unspectacular outlook.
Versamet Royalties Corp. (VMET:CA): National Bank raised its target from $14.00 to $15.00 and maintained Outperform, supported by diversified royalty growth.
West Fraser Timber Co. Ltd. (WFG:CA): CIBC cut its target from $113.00 to $96.00 amid ongoing pressure in the lumber markets and weaker earnings expectations.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
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