Analyst Ratings (Canada)
Today’s analyst sentiment remains broadly optimistic, with positive ratings dominating the latest updates, particularly across gold miners, lithium, consumer and selected energy names. The Canadian banks present a more mixed outlook, with Neutral coverage updates. Precious metals continue to attract bullish target increases, while the lithium sector is also seeing improving confidence. The main areas of caution are Nutrien, which was downgraded to Sector Perform despite a higher price target, and H&R REIT, where both TD Securities and Scotiabank reduced their targets. Overall, the analyst outlook is still positive but selective, favouring companies with stronger earnings momentum and sector tailwinds while maintaining caution toward names facing high valuations, commodity-price or operational headwinds.
18 Analyst Updates
Allied Gold Corp. (AAUC:CA): Canaccord Genuity raised its price target to $47.00 from $40.00 and maintained a Buy rating.
Bank of Montreal (BMO:CA): CIBC maintained its Neutral rating with a $272.00 price target.
Bank of Montreal (BMO:CA): Scotiabank maintained its Buy rating with a $263.00 price target.
Bank of Nova Scotia (BNS:CA): CIBC maintained its Neutral rating with a $136.00 price target.
Bank of Nova Scotia (BNS:CA): TD-Securities upgraded the stock to Buy from Hold, and raising the target to $141.00 from $124.00
Barrick Mining Corp. (ABX:CA): Canaccord Genuity raised its price target to $73.00 from $68.00 and maintained a Buy rating.
Cenovus Energy Inc. (CVE:CA): National Bank set a $60.00 price target and maintained an Outperform rating.
Cogeco Communications Inc. (CCA:CA):TD-Securities maintained its Buy rating with an $83.00 price target.
Dollarama Inc. (DOL:CA): TD-Securities maintained its Buy rating with a $227.00 price target.
H&R REIT (HR.UN:CA): TD-Securities lowered its price target to $11.00 from $11.50 while maintaining a Buy rating.
High Tide Inc. (HITI:CA): TD Securities maintained its Buy rating with a $6.50 price target.
Lithium Argentina AG (LAR:CA): Stifel Nicolaus raised its price target to $18.00 from $15.00 and maintained a Buy rating.
North West Company Inc. (NWC:CA):TD-Securities maintained its Buy rating with a $63.00 price target.
Nutrien Ltd. (NTR:CA): National Bank downgraded the stock to Sector Perform from Outperform and raised its price target to $106.50 from $102.00.
Radisson Mining Resources Inc. (RDS:CA): ATB Cormark raised its price target to $2.45 from $2.25 and maintained an Outperform rating.
The Descartes Systems Group Inc. (DSG:CA): Scotiabank maintained its Outperform rating with a $102.00 price target.
More Ratings:
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.