Analyst Ratings (Canada)
Today’s analyst outlook is bullish across the precious metal sector with gold, copper, and uranium receiving numerous target price increases and positive ratings which point to higher expectations for commodity fundamentals, production growth, and operating leverage. The outlook for utilities and energy is more mixed, with muted ratings and some downward target revisions reflecting valuation and macroeconomic considerations. Technology, healthcare, and consumer sectors remain generally positive, although expectations appear more dependent on individual company earnings and execution. .
44 Analyst Updates
AGF Management Limited (AGF-B:CA): Scotiabank maintained its Sector Perform rating with a target price of $20.00.
Alamos Gold Inc. (AGI:CA): National Bank raised its target price to $81.00 from $76.00 and maintained an Outperform rating.
Algonquin Power & Utilities (AQN:CA): CIBC lowered its target price to C$8.40 from C$8.75 while maintaining a Neutral rating.
Allied Gold Corp. (AAUC:CA): ATB Cormark raised its target price to $40.00 from $35.00 and maintained an Outperform rating.
Apotex Health Corp. (APTX:CA): Scotiabank maintained its Outperform rating with a target price of $40.00.
ATCO Ltd. (ACO.X-CA): CIBC lowered its target price to C$85.00 from C$88.00 while maintaining an Outperform rating.
Banyan Gold Corp. (BYN:CA): National Bank initiated coverage with an Outperform rating and a target price of $3.00.
BlackBerry Ltd. (BB:CA): RBC Capital maintained its Sector Perform rating with a target price of $12.50.
Bunker Hill Mining Corp. (BNKR:CA): Ventum Capital maintained its Buy rating with a target price of $10.25.
Canadian Utilities (CU:CA): CIBC lowered its target price to C$52.00 from C$55.00 while maintaining a Neutral rating.
Capital Power (CPX:CA): CIBC lowered its target price to C$80.00 from C$83.00 while maintaining an Outperform rating.
Cascades Inc. (CAS:CA): CIBC maintained its Outperform rating with a target price of $17.50.
Denison Mines Corp. (DML:CA): National Bank maintained its Outperform rating with a target price of $6.50.
Dollarama Inc. (DOL:CA): Scotiabank cut its target price to $210.00 from $220.00, with a Sector Perform rating.
DPM-Metals Inc. (DPM:CA): Scotiabank maintained its Outperform rating with a target price of $67.00.
Eldorado Gold Corporation (ELD:CA): Scotiabank maintained its Outperform rating with a target price of $66.00.
Elemental Royalty Corp. (ELE:CA): National Bank raised its target price to $35.00 from $32.50 and maintained an Outperform rating.
Emera (EMA:CA): CIBC lowered its target price to C$72.00 from C$76.00 while maintaining a Neutral rating.
Endeavour Silver Corp. (EDR:CA): National Bank raised its target price to $25.00 from $24.00 and maintained an Outperform rating.
Ero Copper Corp. (ERO:CA): National Bank raised its target price to $55.00 from $52.50 and maintained an Outperform rating.
Faraday Copper Corp. (FDY:CA): National Bank raised its target price to $7.50 from $7.25 and maintained an Outperform rating.
First Quantum Minerals Ltd. (FM:CA): National Bank maintained its Outperform rating with a target price of $50.00.
Fortis (FTS:CA): CIBC lowered its target price to C$78.00 from C$82.00 while maintaining a Neutral rating.
Highlander Silver Corp. (HSLV:CA): National Bank maintained its Outperform rating with a target price of $14.00.
Hydro One (H:CA): CIBC lowered its target price to C$56.00 from C$59.00 while maintaining a Neutral rating.
Hydro One Limited (H-CA): Scotiabank maintained its Sector Perform rating with a target price of $58.00.
IAMGOLD Corp. (IMG:CA): National Bank raised its target price to $35.00 from $32.00 and maintained an Outperform rating.
Imperial Oil Limited (IMO:CA): Scotiabank maintained its Sector Perform rating with a target price of $156.00.
Integra Resources Corp. (ITR:CA): Ventum Capital maintained its Buy rating with a target price of $8.75.
Liberty Gold Corp. (LGD:CA): Ventum Capital maintained its Buy rating with a target price of $4.30.
Montage Gold Corp. (MAU:CA): National Bank raised its target price to $24.00 from $22.00 and maintained an Outperform rating.
NexGen Energy Ltd. (NXE:CA): National Bank maintained its Outperform rating with a target price of $21.00.
NexGen Energy Ltd. (NXE:CA): JPMorgan maintained its Overweight rating with a target price of $19.00.
NexGold Mining Corp. (NEXG:CA): National Bank maintained its Outperform rating with a target price of $5.50.
Omai Gold Mines Corp. (OMG:CA): National Bank maintained its Outperform rating with a target price of $4.00
Orezon Gold (ORE:CA): CIBC upgraded the stock to Outperform with a target price of $6.00, up from $3.50.
Osisko Metals Inc. (OM:CA): National Bank raised its target price to $2.50 from $2.25 and maintained an Outperform rating.
Russel Metals Inc. (RUS:CA): TD maintained its Buy rating with a target price of $94.00.
Solaris Resources Inc. (SLS:CA): National Bank maintained its Outperform rating with a target price of $22.50.
Tecsys Inc. (TCS:CA): ATB Cormark maintained its OUTPERFORM rating with a target price of $46.00, compared with the previous target of $41.00.
Tilray Brands Inc. (TLRY:CA): ATB Cormark lowered its target price to $8.40 from $11.00 while maintaining a Sector Perform rating.
Torex Gold Resources Inc. (TXG:CA): National Bank raised its target price to $89.00 from $85.00 and maintained an Outperform rating.
TransAlta Corp. (TA:CA): CIBC maintained its Outperform rating with a target price of C$24.50, down from the previous target of C$26.00.
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