Canadian Analyst Coverage Update: Sept 10th, 2025

First Quantum Minerals Ltd. (FM:CA) Morgan Stanley Believes Stock is at Fair Vaue

Analyst Ratings (Canada)

The following are today’s latest analyst ratings tracked from muliple analysts for Canadian listed and traded stocks: 

Artemis Gold (ARTG:CA) was raised by RBC Capital to a target of $40.00.

Cenovus Energy (CVE:CA) was raised to Outperform by National Bank, target $29.00.

Centerra Gold (CG:CA) was raised to Sector Perform by RBC Capital, target $14.00.

Dundee Precious Metals (DPM:CA) was raised to Outperform by RBC Capital, target $32.00.

Equinox Gold (EQX:CA) was raised to Outperform by RBC Capital, target $17.00.

First Quantum Minerals (FM:CA) was raised by RBC Capital to $30.00.

Hudbay Minerals (HBM:CA) was raised by RBC Capital to $20.00.

Iamgold (IAG) was upgraded to Outperform by RBC Capital, target $19.00.

K92 Mining (KNT:CA) was raised by RBC Capital to $22.00.

Lundin Mining (LUN:CA) was raised by RBC Capital to $18.00 and also raised to Buy by TD Securities, target $19.00.

North West Co. (NWC:CA) was downgraded by CIBC World Markets but remains Outperform, target $58.00.

Novagold Resources (NG:CA) was raised to Sector Perform by National Bank, target $10.00.

Oceanagold (OGC:CA) was raised by RBC Capital to $34.00.

Osisko Development (ODV:CA) was raised by RBC Capital to $6.00.

Teck Resources (TECK.B:CA) was raised to Outperform by Scotiabank, target $70.00.

West Fraser Timber (WFG:CA) was raised to Outperform by CIBC World Markets, target $119.00.

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