Analyst Ratings (Canada)
Today’s 62 Canadian analyst rating updates indicate a positive outlook for commodity and resource sectors, with numerous price-target increases across gold, mining, and energy companies, suggesting analysts expect continued strength in metals prices and stable oil and gas fundamentals. Several companies in these sectors received higher targets or reaffirmed bullish ratings, pointing to confidence in earnings momentum and cash flow growth. However, more economically sensitive areas such as airlines, construction, and some consumer-related businesses saw target reductions or more neutral ratings, reflecting caution around demand and macro uncertainty. Financials and defensive names largely saw ratings maintained, implying steady but moderate growth expectations. Overall, the updates suggest analysts currently favor commodities and energy while remaining selective in cyclical sectors as the broader economic outlook remains mixed.
Adentra Inc. (ADEN:CA) was maintained at Outperform by CIBC with a $44.00 price target.
Adentra Inc. (ADEN:CA) was maintained at Outperform by Scotiabank with a $46.00 price target.
Air Canada (AC:CA) had its price target lowered to $17.00 from $22.00 by Jefferies.
Alimentation Couche-Tard Inc. (ATD:CA) was maintained at Buy by TD Securities with a $100.00 price target.
Altius Minerals Corp. (ALS:CA) had its price target raised to $52.00 from $39.00 by TD Securities, which maintained a Buy rating.
Altius Minerals Corp. (ALS:CA) had its price target raised to $52.00 from $39.00 by TD Securities, which maintained a Buy rating.
Artemis Gold Inc. (ARTG:CA) had its price target raised to $62.00 from $54.00 by RBC Capital Markets.
Birchcliff Energy Ltd. (BIR:CA) was maintained at Outperform by Scotiabank with a $10.00 price target.
Bird Construction Inc. (BDT:CA) was maintained at Buy by TD Securities with a $31.00 price target.
Blackline Safety Corp. (BLN:CA) was maintained at Hold by TD Securities with a $8.00 price target.
BRP Inc. (DOO:CA) was maintained at Buy by TD Securities with a $119.00 price target.
BSR REIT (HOM.UN:CA) was downgraded to Sector Perform by Scotiabank with a $14.00 price target.
BSR REIT (HOM.UN:CA) had its price target lowered to $14.00 by CIBC, which maintained an Outperform rating.
Centerra Gold Inc. (CG:CA) had its price target raised to $31.00 from $22.00 by RBC Capital Markets.
CES Energy Solutions Corp. (CEU:CA) had its price target raised to $21.00 from $15.00 by Raymond James.
CES Energy Solutions Corp. (CEU:CA) had its price target raised to $20.00 by Scotiabank, which maintained an Outperform rating.
Collective Mining Ltd. (CNL:CA) was maintained at Outperform by Scotiabank with a $28.00 price target.
Denison Mines Corp. (DML:CA) had its price target raised to $6.50 from $6.00 by TD Securities, which maintained a Buy rating.
Descartes Systems Group (DSG:CA) had its price target raised to $125.00 from $150.00 by Canaccord Genuity, which maintained a Buy rating.
Descartes Systems Group Inc. (DSG:CA) was maintained at Buy by TD Securities with a $165.00 price target.
Dorel Industries Inc. (DII.B:CA) had its price target raised to $2.25 from $1.50 by TD Securities, which maintained a Hold rating.
Dorel Industries Inc. (DII.B:CA) had its price target raised to $2.25 from $1.50 by TD Securities, which maintained a Hold rating.
DPM Metals Inc. (DPM:CA) had its price target raised to $63.00 from $46.00 by RBC Capital Markets.
Empire Company Ltd. (EMP-A:CA) was maintained at Outperform by CIBC with a $53.00 price target.
Empire Company Ltd. (EMP-A:CA) was maintained at Hold by TD Securities with a $50.00 price target.
First Quantum Minerals Ltd. (FM:CA) had its price target raised to $50.00 from $38.00 by UBS Securities, which maintained a Buy rating.
First Quantum Minerals Ltd. (FM:CA) was maintained at Hold by TD Securities with a $42.00 price target.
Franco-Nevada Corp. (FNV:CA) had its price target raised to $400.00 from $380.00 by National Bank.
Franco-Nevada Corp. (FNV:CA) was maintained at Buy by TD Securities with a $395.00 price target.
Freehold Royalties Ltd. (FRU:CA) had its price target lowered to $21.00 from $22.00 by TD Securities, which maintained a Buy rating.
Freehold Royalties Ltd. (FRU:CA) had its price target lowered to $21.00 from $22.00 by TD Securities, which maintained a Buy rating.
Freehold Royalties Ltd. (FRU:CA) had its price target raised to $18.00 by Scotiabank, which maintained a Sector Perform rating.
G Mining Ventures Corp. (GMIN:CA) was maintained at Buy by TD Securities with a $56.00 price target.
G Mining Ventures Corp. (GMIN:CA) had its price target raised to $68.00 from $47.00 by RBC Capital Markets.
Hudbay Minerals Inc. (HBM:CA) had its price target raised to $40.00 from $28.00 by RBC Capital Markets.
K92 Mining Inc. (KNT:CA) had its price target raised to $46.00 from $36.00 by RBC Capital Markets.
Kelt Exploration Ltd. (KEL:CA) was maintained at Outperform by CIBC with a $10.75 price target.
Kinross Gold Corp. (K:CA) had its price target raised to $61.00 from $49.00 by RBC Capital Markets, which maintained an Outperform rating.
Labrador Iron Ore Royalty Corp. (LIF:CA) had its price target lowered to $29.00 from $30.00 by TD Securities, which maintained a Hold rating.
Lundin Gold Inc. (LUG:CA) had its price target raised to $113.00 from $91.00 by RBC Capital Markets.
Lundin Mining Corp. (LUN:CA) had its price target raised to $42.00 from $29.00 by RBC Capital Markets.
Lundin Mining Corp. (LUN:CA) had its price target raised to $42.00 from $35.00 by Desjardins Securities, which maintained a Buy rating.
NFI Group Inc. (NFI:CA) was maintained at Buy by TD Securities with a $25.00 price target.
NFI Group Inc. (NFI:CA) was maintained at Outperform by Scotiabank with a $21.00 price target.
North American Construction Group (NOA:CA) had its price target lowered to $23.00 from $26.00 by BMO Capital Markets, which maintained a Market Perform rating.
North American Construction Group (NOA:CA) was maintained at Neutral by CIBC with a $22.00 price target.
NovaGold Resources Inc. (NG:CA) was maintained at Outperform by Scotiabank with a $21.00 price target.
OceanaGold Corp. (OGC:CA) had its price target raised to $78.00 from $52.00 by RBC Capital Markets.
Peyto Exploration (PEY:CA) had its price target raised to $31.00 from $27.00 by Desjardins Securities, which maintained a Buy rating.
Pollard Banknote Ltd. (PBL:CA) had its price target lowered to $29.00 from $33.00 by Raymond James, which maintained an Outperform rating.
Pollard Banknote Ltd. (PBL:CA) had its price target raised to $41.00 from $36.00 by ATB Cormark, which maintained an Outperform rating.
Power Corporation of Canada (POW:CA) was maintained at Neutral by CIBC with a $75.00 price target.
Sagicor Financial Company Ltd. (SFC:CA) was maintained at Outperform by Scotiabank with a $12.00 price target.
Strathcona Resources Ltd. (SCR:CA) was maintained at Neutral by CIBC with a $35.00 price target.
Strathcona Resources Ltd. (SCR:CA) was maintained at Outperform by Scotiabank with a $33.00 price target.
Sun Life Financial Inc. (SLF:CA) was maintained at Neutral by CIBC with a $95.00 price target.
The Descartes Systems Group Inc. (DSG:CA) was maintained at Sector Perform by Scotiabank with a $26.00 price target.
Total Energy Services Inc. (TOT:CA) had its price target raised to $24.00 from $20.00 by ATB Cormark.
Wesdome Gold Mines Ltd. (WDO:CA) was maintained at Hold by TD Securities with a $30.00 price target.
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