Canadian Analyst Updates: February 9th, 2026

Analyst Ratings (Canada)

The following are today’s 17 entries of the latest analyst ratings tracked for Canadian-listed and Canadian-traded stocks, with several brokerages adjusting their outlooks and target prices in response to company-specific developments, earnings expectations, commodity fluctuations, and broader sector trends:

N Plus Inc. (VNP:CA) received a target increase from ATB Capital, which raised its price target to $37.00 from $32.00 while maintaining a Top Pick rating, reflecting improved earnings visibility and demand fundamentals.

AbraSilver Resource Corp. (ABRA:CA) was maintained at Buy by TD Securities with a $16.00 price target, as the firm continues to view the company’s development assets as attractive despite sector volatility.

Americas Gold and Silver Corporation (USA:CA) was initiated with Buy from TD Securities with a $13.00 price target, reflecting favorable leverage to precious metals and operational turnaround potential.

ARC Resources Ltd. (ARX:CA) was downgraded to Neutral by CIBC, which lowered its price target to $26.00 from $27.50 amid a more balanced risk-reward outlook for natural gas pricing.

ATS Corporation (ATS:CA) had its Buy rating maintained by TD Securities with a $48.00 target, supported by solid order backlog and automation demand trends.

Barrick Mining (ABX:CA) Citigroup raised its price target to $65.00 from $51.50 while maintaining a Neutral rating, reflecting improved gold price assumptions and operational stability.

Brookfield Asset Management Ltd. (BAM:CA) TD Securities maintained its Buy rating and $102.00 target, underpinned by strong fee-bearing capital growth and asset monetization opportunities.

DPM Metals Inc. (DPM:CA) had its Neutral rating maintained by CIBC with a $58.00 target, as the firm balances solid fundamentals against valuation considerations.

Ero Copper Corp. (ERO:CA) had its price target reduced to $47.00 by Scotiabank, which maintained a Sector Perform rating due to near-term copper price pressures.

Ero Copper Corp. (ERO:CA) was also downgraded to Neutral from Buy by Bank of America, reflecting a more cautious outlook on copper markets and cost inflation.

Rogers Communications Inc. (RCI-B:CA) maintained a Buy rating at TD Securities with a $67.00 target, supported by stable cash flows and wireless pricing discipline.

Saputo Inc. (SAP:CA) TD Securities raised its price target to $51.00 from $49.00 while maintaining a Buy rating, reflecting improving margins and easing input costs.

Saputo Inc. (SAP:CA) Scotiabank raised the target to $47.00 with an Outperform rating, reflecting a more constructive earnings outlook.

Saputo Inc. (SAP:CA) had its target raised to $47.00 from $44.00 by CIBC, which maintained an Outperform rating on expectations of operational recovery.

Shopify Inc. (SHOP:CA) BMO Capital lowered its price target to $203.50 from $258.00, while maintaining an Outperform rating, reflecting valuation normalization after strong prior performance.

TMX Group Ltd. (X:CA) Scotiabank maintained with an Outperform rating,  with a $70.00 target, supported by resilient trading volumes and diversified revenue streams.

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