Canadian Analyst Coverage Update: July 16th, 2025

Canadian Analyst Ratings: December 18th, 2025

Analyst Ratings (Canada)

5N Plus (VNP:CA)

Raymond James updated its target for 5N Plus, maintaining a Buy rating with a new target price of $12.

AbraSilver Resource (ABRA:CA)

Raymond James reiterated a Buy rating with a target update to $5.

Scotia Capital maintained an Outperform rating with a target of $5.50.

Aecon Group Inc. (ARE:CA)

Stifel Nicolaus updated its target, maintaining a Hold rating with a new price target of $19.

Air Canada (AC:CA)

National Bank raised its target price to $26.00, maintaining an Outperform rating.

Altius Minerals Corp. (ALS:CA)

TD Securities maintained a Buy rating and a price target of $32.00.

Arrow Exploration Corp (AXL:CA)

Canaccord Genuity updated its target, reiterating a Buy rating with a new target of $30.

Artemis Gold Inc (ARTG:CA)

TD Securities raised its price target to $31.00.

AtkinsRéalis (ATRL:CA)

Stifel Nicolaus raised its target price to $113.00.

Badger Infrastructure Solutions Ltd. (BDGI:CA)

Stifel Nicolaus raised its target price, maintaining a Buy rating with a new target of $59.00.

Bird Construction (BDT:CA)

Stifel Nicolaus updated its target to $37.00 and maintained a Buy rating.

Bitfarms (BITF:CA)

Northland Securities updated its target, maintaining a Buy rating at $3.25.

Bombardier Inc. (BBD-B:CA)

JP Morgan raised its target price to $135.00.

Brookfield Renewable Partners L.P. (BEP-UN:CA)

Desjardins Securities raised its target price to $42.00, maintaining a Hold rating.

Canadian Tire Corp. (CTC-A:CA)

National Bank raised its target to $204.00, maintaining a Sector Perform rating.

Cogeco Communications Inc. (CCA:CA)

TD Securities maintained a Buy rating with a target of $98.00.

Scotia Capital maintained a Sector Perform rating with a target of $75.50.

Doman Building Materials Group (DBM:CA)

Stifel Nicolaus updated its target to $10.00, maintaining a Buy rating.

Dye & Durham (DND:CA)

Raymond James lowered its target to $15, and maintained their Buy rating.

Equinox Gold Corp. (EQX:CA)

TD Securities upgraded the stock to Buy with a new target price of $12.00.

Exchange Income Corporation (EIF:CA)

CIBC maintained an Outperform rating with a price target of $75.00.

Labrador Iron Ore Royalty Corp. (LIF:CA)

TD Securities maintained a Hold rating with a target price of $28.00.

Lundin Gold Inc. (LUG:CA)

TD Securities downgraded the stock to Hold with a revised target price of $73.00.

Manulife Financial (MFC:CA)

Morningstar maintained a Hold rating with a price target of $38.00.

Maple Leaf Foods Inc. (MFI:CA)

CIBC World Markets raised the target price to $38.00, maintaining an Outperform rating.

Mattr (MATR:CA)

Stifel Nicolaus updated the target to $15.00, maintaining a Buy rating.

Northland Power Inc. (NPI:CA)

Morningstar maintained a Hold rating with a price target of $25.00.

Osisko Gold Royalties Inc. (OR:CA)

TD Securities raised its price target to $40.00.

Parkland Corporation (PKI:CA)

Scotia Capital maintained a Sector Perform rating with a price target of $44.00.

Propel Holdings Inc. (PRL:CA)

Raymond James lowered the target price to $42.00 but maintained a Buy rating.

Russel Metals (RUS:CA)

Stifel Nicolaus updated its target to $54.50, maintaining a Buy rating.

Saputo Inc. (SAP:CA)

CIBC maintained an Outperform rating with a target price of $29.00.

Stantec Inc. (STN:CA)

Stifel Nicolaus raised the target to $165.00, maintaining a Buy rating.

Taseko Mines Ltd. (TKO:CA)

TD Securities downgraded the stock to Hold, setting a target price of $5.00.

Thomson Reuters Corp. (TRI:CA)

BMO Capital Markets raised its target to $308.00.

TMX Group (X:CA)

TD Securities raised its target to $57.00, maintaining a Hold rating.

BMO Capital Markets also raised its target to $61.00, maintaining an Outperform rating.

Well Health Technologies (WELL:CA)

CIBC maintained a Neutral rating with a price target of $5.25.

WSP Global Inc. (WSP:CA)

Stifel Nicolaus raised its target price to $317.00, maintaining a Buy rating.

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