Analyst Ratings (Canada)
Today’s analyst outlook is moderately bullish, with the strongest positive sentiment concentrated in utilities, mining and energy infrastructure. Utilities received multiple positive ratings outlook, reflecting confidence in defensive earnings and long-term power demand, while mining and resource companies continue to benefit from positive ratings also. Energy infrastructure also remained positive receiving mostly target upgrades, The consumer sector was also generally positive, supported by positive ratings, while technology and AI-related companies received selective support. Overall, analysts appear to favour defensive utilities, infrastructure, consumer growth and resource stocks, while remaining more cautious toward companies experiencing significant target-price reductions.
21 Analyst Updates
Algonquin Power (AQN:CA): National Bank maintained an Outperform rating with a $9.75 target price.
Algonquin Power & Utilities Corp. (AQN:CA): TD Securities maintained an Outperform rating with a $9.75 target price.
Apotex Health Corp. (APTX:CA): TD Securities maintained an Outperform rating with a $40.00 target price.
Aztec Minerals Corp. (AZT:CA): Stifel Nicolaus maintained a Speculative Buy rating with a $0.60 target price.
Bragg Gaming Group Inc. (BRAG:CA): ATB Cormark lowered its target price to $3.70 from $6.80 and maintained an Outperform rating.
Cannara Biotech (LOVE:CA): TD Securities maintained a Buy rating with a $4.00 target price.
Dollarama Inc. (DOL:CA): RBC Capital maintained an Outperform rating with a $223.00 target price.
Enbridge Inc. (ENB:CA): Jefferies & Co. lowered its target price to $70.00 from $79.00.
Gibson Energy Inc. (GEI:CA): TD Securities raised its target price to $35.00 from $34.00 and maintained a Buy rating.
Gold X2 Mining Inc. (AUXX:CA): B. Riley initiated coverage with a Buy rating and a $16.00 target price.
GoldMining Inc. (GOLD:CA): Ventum Financial maintained a Buy rating with a $4.30 target price.
Groupe Dynamite (GRGD:CA): TD Securities maintained a Buy rating with an $85.00 target price.
Groupe Dynamite Inc. (GRGD:CA): RBC Capital maintained an Outperform rating with a $107.00 target price.
HEALWELL AI Inc. (AIDX:CA): TD Securities maintained a Buy rating with a $2.00 target price.
High Tide (HITI:CA): TD Securities maintained a Buy rating with a $6.50 target price.
Magna Mining Inc. (NICU:CA): Desjardins Securities lowered its target price to $4.80 from $5.00 and maintained a Buy rating.
NexGen Energy Ltd. (NXE:CA): TD Securities maintained a Buy rating with a $20.00 target price.
Pollard Banknote Ltd. (PBL:CA): ATB Cormark lowered its target price to $31.00 from $32.00 and maintained an Outperform rating.
TC Energy Corp. (TRP:CA): Jefferies raised its target price to $102.00 from $100.00 and maintained a Buy rating.
Thomson Reuters Corp. (TRI:CA): TD Securities maintained a Buy rating with a $200.00 target price.
Zoomd Technologies Ltd. (ZOMD:CA): ATB Cormark lowered its target price to $1.50 from $2.00 and maintained a Speculative Buy rating.
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