Analyst Ratings (Canada)
Today’s analyst coverage points to a moderately positive tone toward Canadian stocks, but with clear selectivity rather than broad-based optimism.
On the positive side, analysts continue to show confidence in long-term fundamentals across key Canadian sectors, particularly areas with stable cash flows and structural demand drivers such as infrastructure, financial services, and select industrials. The coverage reflects a more disciplined, stock-specific approach, where analysts are increasingly differentiating between winners and laggards rather than lifting the entire market. Conversely, there is continued caution around firms exposed to commodity volatility, margin compression, or operational uncertainty.
Overall, the message is one of selective optimism, but increasingly dependent on company-specific execution rather than sector-wide momentum.
34 Analyst Updates
5N Plus Inc. (VNP:CA) – National Bank raised its price target to $50.00 from $41.00 and maintained an Outperform rating.
Advantage Energy Ltd. (AAV:CA) – CIBC maintained a Neutral rating with a $12.75 price target.
Alithya Group Inc. (ALYA:CA) – Ventum cut its price target to $2.00 from $2.75 while maintaining a Buy rating, .
Altius Minerals Corp. (ALS:CA) – Scotiabank raised its price target to $58.00 from $57.00 while maintaining a Sector Perform rating.
Altius Minerals Corp. (ALS:CA) – TD Securities maintained a Hold rating with a $54.00 price target.
Altius Renewable Royalties Corp. (ALS:CA) – TD Securities maintained a Buy rating with a $68.00 price target.
Arizona Metals Corp. (AMC:CA) – Scotiabank lowered its price target to $0.30 from $0.50, reflecting a more cautious outlook.
Blue Moon Metals Inc. (MOON:CA) – Scotiabank raised its price target to $14.00 from $13.00.
Calian Group Ltd. (CGY:CA) – Ventum raised its price target to $100.00 from $94.00 while maintaining a Buy rating.
Canadian Pacific Kansas City Ltd. (CP:CA) – BMO raised its price target to $142.00 from $132.00 while maintaining an Outperform rating.
Capstone Copper Corp. (CS:CA) – Scotiabank raised its price target to $18.00 from $15.50 while maintaining a Outperform rating.
Champion Iron Ltd. (CIA:CA) – Scotiabank cut its price target to $5.50 from $6.00 while maintaining a Outperform rating.
Descartes Systems Group Inc. (DSG:CA) – TD Securities maintained a Buy rating with a $169.00 price target.
Element Fleet Management Corp. (EFN:CA) – Scotiabank maintained an Outperform rating with a $41.00 price target.
Empire Company Ltd. (EMP.A:CA) – National Bank raised its price target to $55.00 from $54.00 while maintaining a Sector Perform rating.
Empire Company Ltd. (EMP.A:CA) – Desjardins Securities raised its price target to $53.00 while maintaining a Buy rating.
Ero Copper Corp. (ERO:CA) – Scotiabank raised its price target to $55.00 from $50.00 while maintaining a Outperform rating.
First Quantum Minerals Ltd. (FM:CA) – Scotiabank raised its price target to $55.00 from $48.00, with a Outperform rating.
High Tide (HITI:CA)-TD Securities assigned a Buy rating with a $6.50 price target.
Ivanhoe Mines Ltd. (IVN:CA) – Scotiabank raised its price target to $13.50 from $13.00 while maintaining a Sector Perform rating.
Keyera Corp. (KEY:CA) – CIBC maintained an Outperform rating with a $63.00 price target.
Lumina Metals Corp. (LMCU:CA) – Canaccord Genuity raised its price target to $21.50 while maintaining a Speculative Buy rating.
Lundin Mining Corp. (LUN:CA) – Scotiabank raised its price target to $42.00 from $36.00 while maintaining a Sector Outperform rating.
Osisko Metals Inc. (OM:CA) – Scotiabank raised its price target to $3.00 from C$2.00.
Pecoy Copper Corp. (PCU:CA) – Scotiabank raised its price target to C$3.50 from $3.00.
Roots Corp. (ROOT:CA) – TD Securities maintained a Hold rating with a $4.50 price target.
Tamarack Valley Energy Ltd. (TVE:CA) – CIBC raised its price target to $16.50 from $15.25 while maintaining an Outperform rating.
Teck Resources Ltd. (TECK.B:CA) – Scotiabank raised its price target to $85.00 from $80.00 while maintaining a Sector Perform rating.
TFI International Inc. (TFII:CA) – Citigroup raised its price target to $263.00 from $228.00 while maintaining a Buy rating.
TMX Group Ltd. (X:CA) – Scotiabank maintained an Outperform rating with a $71.00 price target.
TMX Group Ltd. (X:CA) – Canaccord Genuity raised its price target to $64.00 from $63.00 while maintaining a Buy rating.
TMX Group Ltd. (X:CA) – RBC Capital raised its price target to $71.00 from $69.00 while maintaining an Outperform rating.
Triple Flag Precious Metals Corp. (TFPM:CA) – Raymond James raised its price target to $61.00 from $59.00 while maintaining an Outperform rating.
WELL Health Technologies Corp. (WELL:CA) – Scotiabank maintained an Outperform rating with a $6.00 price target.
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